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Are there any restrictions on cash withdrawal from Robinhood for cryptocurrency trading?

avatarjuanraDec 25, 2021 · 3 years ago3 answers

What are the restrictions on cash withdrawal from Robinhood for cryptocurrency trading? Can I freely withdraw my cash from Robinhood after trading cryptocurrencies?

Are there any restrictions on cash withdrawal from Robinhood for cryptocurrency trading?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, there are some restrictions on cash withdrawal from Robinhood for cryptocurrency trading. When you sell your cryptocurrencies on Robinhood, you need to wait for the settlement period before you can withdraw the cash. The settlement period is typically two business days. After the settlement period, you can freely withdraw your cash from Robinhood.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! You can withdraw your cash from Robinhood after trading cryptocurrencies. However, there is a settlement period of two business days after selling your cryptocurrencies. Once the settlement period is over, you are free to withdraw your cash without any restrictions.
  • avatarDec 25, 2021 · 3 years ago
    Yes, there are restrictions on cash withdrawal from Robinhood for cryptocurrency trading. According to BYDFi, a digital currency exchange, there is a settlement period of two business days after selling your cryptocurrencies on Robinhood. Once the settlement period is over, you can withdraw your cash without any limitations.