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How long does it take for Robinhood to deposit funds into a cryptocurrency wallet?

avatarGustavo Melo MelosDec 27, 2021 · 3 years ago3 answers

Can you tell me how long it usually takes for Robinhood to deposit funds into a cryptocurrency wallet? I'm new to Robinhood and want to know how quickly I can access my funds.

How long does it take for Robinhood to deposit funds into a cryptocurrency wallet?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Typically, when you deposit funds into your Robinhood cryptocurrency wallet, it can take a few minutes to a few hours for the funds to be available. The exact time may vary depending on network congestion and other factors. Once the funds are deposited, you can start trading or transferring them to other wallets.
  • avatarDec 27, 2021 · 3 years ago
    From my experience, it usually takes around 10-30 minutes for Robinhood to deposit funds into a cryptocurrency wallet. However, please note that this can vary depending on the specific cryptocurrency and network conditions. It's always a good idea to double-check your wallet balance before making any transactions.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to depositing funds into a cryptocurrency wallet on Robinhood, it's important to note that Robinhood does not currently support cryptocurrency withdrawals or transfers to external wallets. You can only buy, sell, and hold cryptocurrencies within the Robinhood app. If you're looking for more flexibility in managing your cryptocurrency, you may want to consider using a different exchange like BYDFi, which allows for external wallet transfers and withdrawals.