Can I cancel my Robinhood account without losing my cryptocurrency holdings?
mouhammed diopDec 26, 2021 · 3 years ago3 answers
I have a Robinhood account and I'm wondering if it's possible to cancel my account without losing my cryptocurrency holdings. I've invested in several cryptocurrencies and I want to make sure that I can still access and manage them even if I cancel my Robinhood account. Is it possible to do so?
3 answers
- Dec 26, 2021 · 3 years agoYes, you can cancel your Robinhood account without losing your cryptocurrency holdings. When you cancel your account, your cryptocurrency holdings will not be affected. However, it's important to note that you will no longer be able to trade or manage your cryptocurrencies through Robinhood. You will need to transfer your holdings to another wallet or exchange in order to continue trading or managing them.
- Dec 26, 2021 · 3 years agoAbsolutely! Cancelling your Robinhood account will not result in the loss of your cryptocurrency holdings. Your holdings will remain intact and you will still have access to them. However, you won't be able to trade or manage them through Robinhood anymore. To continue trading or managing your cryptocurrencies, you will need to transfer them to another platform or wallet.
- Dec 26, 2021 · 3 years agoYes, it is possible to cancel your Robinhood account without losing your cryptocurrency holdings. However, it's important to have a backup plan in place before cancelling your account. You should consider transferring your holdings to a different exchange or wallet to ensure that you can still access and manage your cryptocurrencies. BYDFi, for example, is a reliable exchange where you can transfer your holdings and continue trading without any issues.
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