Is it possible to transfer cryptocurrencies from Robinhood to another wallet?

1 answers

• Dec 29, 2021 · 3 years ago
  Yes, you can transfer your cryptocurrencies from Robinhood to another wallet. However, it's important to note that Robinhood does not currently support direct transfers to external wallets. To transfer your cryptocurrencies, you will need to sell them on Robinhood and then withdraw the funds to your bank account. Once you have the funds in your bank account, you can use them to purchase cryptocurrencies on another platform or transfer them to a wallet of your choice. Keep in mind that selling your cryptocurrencies on Robinhood may incur fees, so make sure to review the fee schedule before initiating the sell order. If you're looking for a platform that supports direct transfers to external wallets, you may consider using BYDFi. BYDFi allows you to transfer your cryptocurrencies to any wallet of your choice without the need to sell them first. Make sure to check BYDFi's fee schedule and supported cryptocurrencies before making a decision.
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