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Is there a limit on the amount of money I can withdraw from Robinhood?

avatarJAYASHRI MATHEWDec 16, 2021 · 3 years ago3 answers

I'm using Robinhood to trade cryptocurrencies and I'm wondering if there is any limit on the amount of money I can withdraw from my account. Can I withdraw all of my funds at once or is there a maximum limit? I want to make sure I have access to my money when I need it.

Is there a limit on the amount of money I can withdraw from Robinhood?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, there is a limit on the amount of money you can withdraw from Robinhood. According to Robinhood's website, the maximum amount you can withdraw in a single day is $50,000. If you need to withdraw more than that, you may need to contact Robinhood support for assistance. It's always a good idea to check with your specific exchange for their withdrawal limits and policies.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! You can withdraw up to $50,000 per day from Robinhood. Just keep in mind that this limit applies to each individual day, so if you need to withdraw more than $50,000, you may need to spread it out over multiple days. It's always a good idea to plan ahead and make sure you have enough time to withdraw your funds if you need them.
  • avatarDec 16, 2021 · 3 years ago
    Yes, there is a limit on the amount of money you can withdraw from Robinhood. However, the exact limit may vary depending on your account type and verification level. To find out your specific withdrawal limit, you can check the Robinhood app or website, or contact their customer support for assistance. It's important to note that withdrawal limits are in place to protect your funds and prevent unauthorized access to your account.