How can I use cryptocurrencies to transfer shares from Robinhood to Fidelity?

1 answers

• Dec 27, 2021 · 3 years ago
  Using cryptocurrencies to transfer shares from Robinhood to Fidelity is a convenient and secure method. Here's how you can do it: 1. Open an account with Fidelity and set up a cryptocurrency wallet. 2. Sell your shares on Robinhood and convert the proceeds into cryptocurrencies. 3. Transfer the cryptocurrencies to your Fidelity wallet. 4. Once the cryptocurrencies are in your Fidelity wallet, sell them for cash. 5. Use the cash to buy shares on Fidelity. This method allows for faster and more efficient transfer of shares compared to traditional methods. However, it's important to consider transaction fees and potential price fluctuations in cryptocurrencies. Make sure to do your own research and consult with professionals to ensure a smooth transfer process.
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