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How long does it take to receive cryptocurrency after selling stocks on Robinhood?

avatarSai SathwikDec 30, 2021 · 3 years ago3 answers

I recently sold some stocks on Robinhood and I'm wondering how long it will take for me to receive the cryptocurrency I purchased with the proceeds. Can anyone provide an estimate of the time it usually takes for the cryptocurrency to be credited to my account after selling stocks on Robinhood?

How long does it take to receive cryptocurrency after selling stocks on Robinhood?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    The time it takes to receive cryptocurrency after selling stocks on Robinhood can vary. In most cases, it takes around 2-5 business days for the cryptocurrency to be credited to your account. However, this timeframe can be influenced by various factors such as network congestion and the specific cryptocurrency you are purchasing. It's always a good idea to check Robinhood's support documentation or contact their customer support for the most accurate information regarding the processing time for cryptocurrency transactions.
  • avatarDec 30, 2021 · 3 years ago
    When you sell stocks on Robinhood and use the proceeds to purchase cryptocurrency, the time it takes for the cryptocurrency to be credited to your account can depend on several factors. Generally, it takes a few business days for the transaction to be processed and for the cryptocurrency to appear in your account. However, this timeframe can be longer during periods of high market activity or network congestion. It's important to note that Robinhood provides estimated arrival dates for cryptocurrency transactions, which can give you a better idea of when you can expect to receive your cryptocurrency.
  • avatarDec 30, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can tell you that the time it takes to receive cryptocurrency after selling stocks on Robinhood can vary. While Robinhood aims to process transactions as quickly as possible, factors such as network congestion and blockchain confirmations can affect the processing time. In general, it can take anywhere from a few minutes to a few hours for the cryptocurrency to be credited to your account. However, it's important to note that this is just an estimate and the actual processing time may vary. If you have any concerns or questions about the status of your transaction, I recommend reaching out to Robinhood's customer support for assistance.