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Is it possible to transfer Dogecoin from Robinhood without fees?

avatarprasanna deshpandeDec 19, 2021 · 3 years ago3 answers

I'm wondering if it's feasible to transfer Dogecoin from Robinhood to another wallet without incurring any fees. Can anyone provide insights on whether this is possible or if there are any alternative methods to avoid fees?

Is it possible to transfer Dogecoin from Robinhood without fees?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Yes, it is possible to transfer Dogecoin from Robinhood to another wallet without fees. One way to achieve this is by utilizing a decentralized exchange (DEX) that supports Dogecoin. By using a DEX, you can directly transfer your Dogecoin from Robinhood to your desired wallet without paying any transaction fees. However, it's important to note that DEXs may have their own fees for trading or liquidity provision, so make sure to research and choose a DEX that offers low or no fees for Dogecoin transfers.
  • avatarDec 19, 2021 · 3 years ago
    Unfortunately, Robinhood does not currently allow direct transfers of Dogecoin to external wallets. You can only buy, sell, and hold Dogecoin within the Robinhood app. If you want to transfer your Dogecoin to another wallet, you would need to sell it on Robinhood, withdraw the funds to your bank account, and then use those funds to buy Dogecoin on a different exchange that supports external wallet transfers. Keep in mind that this process may involve fees and additional steps.
  • avatarDec 19, 2021 · 3 years ago
    Yes, it is possible to transfer Dogecoin from Robinhood without fees by using the BYDFi exchange. BYDFi is a decentralized exchange that allows direct transfers of Dogecoin from Robinhood to external wallets without any transaction fees. Simply create an account on BYDFi, connect your Robinhood account, and initiate the transfer. BYDFi ensures a seamless and fee-free transfer process for Dogecoin.