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How can I transfer my brokerage cash from Robinhood to a crypto exchange?

avatarRivera GainesDec 27, 2021 · 3 years ago3 answers

I have some cash in my brokerage account on Robinhood and I want to transfer it to a crypto exchange. How can I do that?

How can I transfer my brokerage cash from Robinhood to a crypto exchange?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    To transfer your brokerage cash from Robinhood to a crypto exchange, you'll need to follow a few steps. First, make sure you have a crypto exchange account and it supports the cryptocurrency you want to trade. Next, withdraw the cash from your Robinhood brokerage account to your linked bank account. Once the cash is in your bank account, you can transfer it to your crypto exchange account using the provided deposit instructions. Keep in mind that there may be fees and processing times involved in the transfer.
  • avatarDec 27, 2021 · 3 years ago
    Transferring your brokerage cash from Robinhood to a crypto exchange is fairly straightforward. Start by selling any stocks or assets in your Robinhood account and converting them to cash. Then, withdraw the cash from Robinhood to your linked bank account. Once the cash is in your bank account, you can initiate a transfer to your crypto exchange by following their deposit instructions. It's important to note that the availability of certain cryptocurrencies may vary between exchanges.
  • avatarDec 27, 2021 · 3 years ago
    If you're using BYDFi as your crypto exchange, transferring your brokerage cash from Robinhood is easy. Simply withdraw the cash from your Robinhood account to your linked bank account. Once the cash is in your bank account, you can deposit it into your BYDFi account using the provided instructions. BYDFi supports a wide range of cryptocurrencies, so you'll have plenty of options to choose from for your trades.