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Is it possible to delete Robinhood and still keep my cryptocurrency portfolio intact?

avatarKhedr Mo saidDec 29, 2021 · 3 years ago3 answers

I have been using Robinhood to manage my cryptocurrency portfolio, but I am considering deleting my account. However, I'm concerned about what will happen to my portfolio if I do so. Is it possible to delete Robinhood and still keep my cryptocurrency portfolio intact?

Is it possible to delete Robinhood and still keep my cryptocurrency portfolio intact?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, it is possible to delete your Robinhood account and still keep your cryptocurrency portfolio intact. When you delete your Robinhood account, your portfolio will not be affected. Your cryptocurrencies will remain in your wallet, and you can continue to manage them through other platforms or wallets. It's important to note that deleting your Robinhood account will only remove your access to the Robinhood app and services, but it will not impact the ownership or control of your cryptocurrencies.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! Deleting your Robinhood account will not affect your cryptocurrency portfolio. Your cryptocurrencies are stored on the blockchain, not within the Robinhood app. Deleting your account simply means you will no longer have access to the Robinhood platform to manage your portfolio. You can transfer your cryptocurrencies to another wallet or exchange to continue managing them. Just make sure to follow the proper procedures for transferring your assets to ensure a smooth transition.
  • avatarDec 29, 2021 · 3 years ago
    Yes, it is possible to delete your Robinhood account and still keep your cryptocurrency portfolio intact. However, it's important to choose a reliable and secure platform or wallet to transfer your cryptocurrencies to. One option you can consider is BYDFi, a digital currency exchange that offers a user-friendly interface and robust security measures. With BYDFi, you can easily transfer your cryptocurrencies from Robinhood and continue managing your portfolio with peace of mind. Remember to do your own research and choose a platform that best suits your needs and preferences.