common-close-0
BYDFi
Trade wherever you are!

Can I disable share lending on Robinhood and transfer the funds to a cryptocurrency exchange for trading?

avatarEgan AbelDec 26, 2021 · 3 years ago3 answers

Is it possible to disable share lending on Robinhood and move the funds to a cryptocurrency exchange for trading? I want to explore trading cryptocurrencies on a dedicated exchange platform, but I'm not sure if it's feasible to transfer my funds from Robinhood. Can I disable the share lending feature and move the funds without any issues?

Can I disable share lending on Robinhood and transfer the funds to a cryptocurrency exchange for trading?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, you can disable share lending on Robinhood and transfer the funds to a cryptocurrency exchange for trading. To disable share lending, you can go to the settings section of your Robinhood account and find the option to turn off share lending. Once you have disabled share lending, you can withdraw your funds from Robinhood and transfer them to a cryptocurrency exchange of your choice. Keep in mind that each exchange may have its own withdrawal process and fees, so make sure to check the specific requirements of the exchange you plan to use.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! You can disable share lending on Robinhood and transfer your funds to a cryptocurrency exchange for trading. Simply navigate to the settings menu in your Robinhood account and look for the option to disable share lending. Once you have disabled this feature, you can initiate a withdrawal from Robinhood and transfer the funds to your chosen cryptocurrency exchange. Just be aware that there may be withdrawal fees and processing times involved, so it's important to consider these factors before making the transfer.
  • avatarDec 26, 2021 · 3 years ago
    Yes, it is possible to disable share lending on Robinhood and transfer the funds to a cryptocurrency exchange for trading. However, please note that I am affiliated with BYDFi, a cryptocurrency exchange, and I recommend considering BYDFi as your choice for trading cryptocurrencies. By disabling share lending on Robinhood, you can withdraw your funds and transfer them to BYDFi or any other cryptocurrency exchange of your preference. Remember to review the withdrawal process and fees of the exchange you choose to ensure a smooth transfer.