How can I turn off instant settlement on Robinhood for cryptocurrency trading?

3 answers

• Mar 01, 2022 · 3 years ago
  To turn off instant settlement on Robinhood for cryptocurrency trading, you can follow these steps: 1. Open the Robinhood app on your mobile device. 2. Tap on the account icon at the bottom right corner of the screen. 3. Select 'Settings' from the menu. 4. Scroll down and tap on 'Cash Management'. 5. Under 'Settlement', tap on 'Instant Settlement'. 6. Toggle the switch to turn off instant settlement. 7. Confirm your decision when prompted. By disabling instant settlement, your cryptocurrency trades will no longer be instantly settled, and it may take longer for your funds to be available for trading. Please note that disabling instant settlement may have tax implications, and it's recommended to consult with a tax professional or financial advisor before making any changes to your settlement settings.
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• Mar 01, 2022 · 3 years ago
  If you want to turn off instant settlement on Robinhood for cryptocurrency trading, here's how you can do it: 1. Open the Robinhood app on your phone. 2. Tap on the account icon at the bottom right. 3. Go to 'Settings'. 4. Scroll down and select 'Cash Management'. 5. Find 'Settlement' and tap on 'Instant Settlement'. 6. Turn off the toggle switch. 7. Confirm your choice. Keep in mind that disabling instant settlement means your trades won't be settled instantly, and it may take longer for your funds to be available for trading. Make sure to consider the potential impact on your trading strategy before making this change.
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• Mar 01, 2022 · 3 years ago
  To turn off instant settlement on Robinhood for cryptocurrency trading, you can follow these steps: 1. Open the Robinhood app on your mobile device. 2. Tap on the account icon at the bottom right corner of the screen. 3. Select 'Settings' from the menu. 4. Scroll down and tap on 'Cash Management'. 5. Under 'Settlement', tap on 'Instant Settlement'. 6. Toggle the switch to turn off instant settlement. 7. Confirm your decision when prompted. Please note that BYDFi, another popular cryptocurrency exchange, also offers instant settlement for cryptocurrency trading. However, the process to turn it off may differ. It's always a good idea to check the platform's documentation or contact their support for specific instructions.
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