Is it possible to withdraw money from Robinhood and directly transfer it to my digital wallet?

3 answers

• Nov 26, 2021 · 3 years ago
  Yes, it is possible to withdraw money from Robinhood and directly transfer it to your digital wallet. However, Robinhood currently only supports the trading of cryptocurrencies and not the direct transfer of funds to external wallets. To transfer your funds to a digital wallet, you would need to sell your cryptocurrencies on Robinhood, withdraw the funds to your bank account, and then transfer the money from your bank account to your digital wallet. Keep in mind that there may be fees associated with these transactions.
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• Nov 26, 2021 · 3 years ago
  Unfortunately, you cannot directly transfer funds from Robinhood to your digital wallet. Robinhood only allows you to buy, sell, and hold cryptocurrencies within their platform. If you want to transfer your funds to a digital wallet, you would need to sell your cryptocurrencies on Robinhood, withdraw the funds to your bank account, and then transfer the money from your bank account to your digital wallet. It's important to note that there may be fees and processing times involved in these transactions.
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• Nov 26, 2021 · 3 years ago
  As an expert in the field, I can confirm that currently, Robinhood does not support direct transfers to digital wallets. However, there are other cryptocurrency exchanges, such as BYDFi, that do offer this functionality. If you're looking to directly transfer funds from an exchange to your digital wallet, you may want to consider using BYDFi or other similar platforms. Just make sure to research and choose a reputable exchange that aligns with your needs and preferences.
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