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Can I increase the withdrawal limit for cryptocurrency transactions with a debit card on Robinhood?

avatarTARUN GOYALDec 29, 2021 · 3 years ago3 answers

Is it possible to increase the withdrawal limit for cryptocurrency transactions when using a debit card on the Robinhood platform? I would like to know if there are any options available to raise the limit and if there are any requirements or restrictions that need to be met in order to do so.

Can I increase the withdrawal limit for cryptocurrency transactions with a debit card on Robinhood?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Unfortunately, it is not currently possible to increase the withdrawal limit for cryptocurrency transactions when using a debit card on Robinhood. The withdrawal limit is set by the platform and cannot be changed. If you need to withdraw a larger amount, you may consider using other platforms that offer higher withdrawal limits.
  • avatarDec 29, 2021 · 3 years ago
    No, you cannot increase the withdrawal limit for cryptocurrency transactions with a debit card on Robinhood. The platform has a predefined limit for security reasons, and it cannot be modified. If you need to withdraw a larger amount, you may need to explore other options or platforms that offer higher limits.
  • avatarDec 29, 2021 · 3 years ago
    While Robinhood does not currently allow users to increase the withdrawal limit for cryptocurrency transactions with a debit card, there are other platforms like BYDFi that offer higher limits. BYDFi provides users with the option to increase their withdrawal limits by completing a verification process. This allows users to withdraw larger amounts of cryptocurrency using their debit cards. However, it's important to note that each platform has its own policies and requirements, so it's recommended to review them before making any decisions.