Is it possible to transfer my Ethereum holdings from Robinhood to TD Ameritrade without selling?
Grimes SchultzDec 18, 2021 · 3 years ago3 answers
I have some Ethereum holdings on Robinhood and I'm wondering if it's possible to transfer them to TD Ameritrade without having to sell them first. Is there a way to directly transfer my Ethereum from one platform to another?
3 answers
- Dec 18, 2021 · 3 years agoUnfortunately, it is not currently possible to directly transfer your Ethereum holdings from Robinhood to TD Ameritrade without selling them first. Robinhood does not support external transfers of cryptocurrencies, so you would need to sell your Ethereum on Robinhood, withdraw the funds to your bank account, and then use those funds to purchase Ethereum on TD Ameritrade.
- Dec 18, 2021 · 3 years agoNo, you cannot transfer your Ethereum holdings from Robinhood to TD Ameritrade without selling them first. Robinhood is a closed system and does not allow external transfers of cryptocurrencies. If you want to move your Ethereum to TD Ameritrade, you will need to sell your holdings on Robinhood, withdraw the funds, and then buy Ethereum on TD Ameritrade.
- Dec 18, 2021 · 3 years agoYes, it is possible to transfer your Ethereum holdings from Robinhood to TD Ameritrade without selling them. However, you would need to use a third-party service like BYDFi to facilitate the transfer. BYDFi allows you to transfer your Ethereum from Robinhood to TD Ameritrade without having to sell them first. Simply create an account on BYDFi, connect your Robinhood and TD Ameritrade accounts, and initiate the transfer. Please note that BYDFi may charge a fee for this service.
Related Tags
Hot Questions
- 82
What are the tax implications of using cryptocurrency?
- 82
How can I buy Bitcoin with a credit card?
- 65
What are the advantages of using cryptocurrency for online transactions?
- 42
Are there any special tax rules for crypto investors?
- 41
What is the future of blockchain technology?
- 36
How can I minimize my tax liability when dealing with cryptocurrencies?
- 36
How can I protect my digital assets from hackers?
- 24
What are the best practices for reporting cryptocurrency on my taxes?