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Is it possible to send Bitcoin from Robinhood to a different exchange?

avatarMax GohrenDec 30, 2021 · 3 years ago3 answers

I'm wondering if it's feasible to transfer Bitcoin from my Robinhood account to another cryptocurrency exchange. Can I send my Bitcoin holdings from Robinhood to a different platform for trading and investment purposes?

Is it possible to send Bitcoin from Robinhood to a different exchange?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Yes, it is possible to send Bitcoin from Robinhood to a different exchange. However, Robinhood currently does not support external transfers of cryptocurrency. This means that you cannot directly send your Bitcoin holdings from Robinhood to another exchange. If you want to transfer your Bitcoin to a different platform, you will need to sell your Bitcoin on Robinhood, withdraw the funds to your bank account, and then deposit the funds into the desired exchange. Keep in mind that this process may involve fees and take some time to complete.
  • avatarDec 30, 2021 · 3 years ago
    Unfortunately, you cannot directly send Bitcoin from Robinhood to another exchange. Robinhood does not provide users with the ability to transfer cryptocurrency holdings to external wallets or exchanges. If you want to trade Bitcoin on a different platform, you will need to sell your Bitcoin on Robinhood, withdraw the funds to your bank account, and then deposit the funds into the desired exchange. It's important to note that this process may incur fees and take some time to complete.
  • avatarDec 30, 2021 · 3 years ago
    Sending Bitcoin from Robinhood to a different exchange is not currently supported by Robinhood. However, there are alternative methods you can use to transfer your Bitcoin holdings. One option is to sell your Bitcoin on Robinhood, withdraw the funds to your bank account, and then deposit the funds into the desired exchange. Another option is to use a peer-to-peer trading platform that allows you to directly trade Bitcoin with other users on different exchanges. Keep in mind that each method may have its own advantages and disadvantages, so it's important to do your research and choose the method that best suits your needs.