What is the average settlement time for cash when using Robinhood to buy or sell digital currencies?
FLAVIUS-CONSTANTIN TOMESCUNov 27, 2021 · 3 years ago3 answers
When using Robinhood to buy or sell digital currencies, what is the typical timeframe for the cash settlement process? How long does it usually take for the funds to be settled and available for further transactions?
3 answers
- Nov 27, 2021 · 3 years agoThe average settlement time for cash when using Robinhood to buy or sell digital currencies is typically around 2-3 business days. During this time, the funds are being processed and transferred between accounts. Once the settlement is complete, the cash will be available for further transactions.
- Nov 27, 2021 · 3 years agoWhen using Robinhood to trade digital currencies, the average settlement time for cash is usually 2-3 business days. It's important to note that this timeframe can vary depending on various factors such as the specific currency being traded and any potential delays in the banking system. However, in most cases, you can expect the funds to be settled within a few days.
- Nov 27, 2021 · 3 years agoWhen it comes to cash settlement for digital currency transactions on Robinhood, the average timeframe is typically 2-3 business days. This means that after buying or selling digital currencies, it may take a couple of days for the cash to be settled and available for further use. It's important to plan your trades accordingly and be aware of this settlement period to avoid any inconvenience.
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