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Can I transfer cryptocurrencies from Robinhood to Venmo and vice versa?

avatarIversen IsaksenDec 25, 2021 · 3 years ago5 answers

Is it possible to transfer cryptocurrencies between Robinhood and Venmo? I want to know if I can send my cryptocurrencies from my Robinhood account to my Venmo account, or vice versa. Can anyone provide some guidance on how to transfer cryptocurrencies between these two platforms?

Can I transfer cryptocurrencies from Robinhood to Venmo and vice versa?

5 answers

  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, at the moment, there is no direct way to transfer cryptocurrencies between Robinhood and Venmo. Robinhood is primarily a stock trading platform and does not support cryptocurrency transfers to external wallets or platforms. Venmo, on the other hand, is a peer-to-peer payment service that does not currently support cryptocurrency transactions. Therefore, you cannot directly transfer cryptocurrencies between these two platforms. However, there are alternative methods you can consider, such as selling your cryptocurrencies on Robinhood and withdrawing the funds to your bank account, and then using those funds to purchase cryptocurrencies on another platform that supports transfers to Venmo.
  • avatarDec 25, 2021 · 3 years ago
    No, you cannot transfer cryptocurrencies from Robinhood to Venmo or vice versa. Robinhood is a stock trading platform that allows you to buy and sell stocks, ETFs, and options. It does not support external transfers of cryptocurrencies. Venmo, on the other hand, is a peer-to-peer payment service that allows you to send and receive money from friends and family. It does not currently support cryptocurrency transactions. If you want to transfer cryptocurrencies, you will need to use a different platform that supports cryptocurrency transfers.
  • avatarDec 25, 2021 · 3 years ago
    As an expert from BYDFi, I can confirm that currently, there is no direct way to transfer cryptocurrencies between Robinhood and Venmo. Robinhood is primarily focused on stock trading and does not provide the option to transfer cryptocurrencies to external wallets or platforms. Venmo, on the other hand, is a peer-to-peer payment service that does not support cryptocurrency transactions. If you want to transfer cryptocurrencies, you will need to use a different platform that supports such transfers, like BYDFi, where you can easily transfer your cryptocurrencies to and from other wallets or platforms.
  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, transferring cryptocurrencies between Robinhood and Venmo is not possible. Robinhood is a popular stock trading platform that does not currently support external transfers of cryptocurrencies. Venmo, on the other hand, is a peer-to-peer payment service that does not support cryptocurrency transactions. If you want to transfer cryptocurrencies, you will need to use a different platform that allows for such transfers. There are many other platforms available that support cryptocurrency transfers, so you have plenty of options to choose from.
  • avatarDec 25, 2021 · 3 years ago
    No, you cannot transfer cryptocurrencies directly between Robinhood and Venmo. Robinhood is primarily focused on stock trading and does not provide the option to transfer cryptocurrencies to external wallets or platforms. Venmo, on the other hand, is a peer-to-peer payment service that does not support cryptocurrency transactions. If you want to transfer cryptocurrencies, you will need to use a different platform that supports such transfers. There are many other platforms available that allow for easy transfer of cryptocurrencies between wallets and platforms.