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Is there a way to opt out of share lending on Robinhood for cryptocurrency investments?

avatarHimanshu Ranjan SumanDec 26, 2021 · 3 years ago3 answers

I am interested in investing in cryptocurrencies on Robinhood, but I am concerned about share lending. Is there a way to opt out of share lending on Robinhood for cryptocurrency investments? I want to ensure that my investments are not being used for lending purposes. Can someone please provide me with information on how to opt out of share lending specifically for cryptocurrency investments on Robinhood?

Is there a way to opt out of share lending on Robinhood for cryptocurrency investments?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, you can opt out of share lending on Robinhood for cryptocurrency investments. To do this, you need to go to the settings section of your Robinhood account. From there, you can navigate to the 'Account' tab and select 'Investing' options. In the 'Investing' options, you will find the option to opt out of share lending. Simply toggle the switch to opt out and your investments will not be used for lending purposes. It's important to note that by opting out of share lending, you may miss out on potential interest earnings.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! If you want to opt out of share lending on Robinhood for cryptocurrency investments, you can easily do so. Just follow these steps: 1. Open the Robinhood app on your phone. 2. Tap on the 'Account' tab at the bottom right corner. 3. Scroll down and tap on 'Investing'. 4. Under the 'Investing' section, you will find the option to opt out of share lending. Simply toggle the switch to opt out. That's it! Your investments will no longer be used for lending purposes.
  • avatarDec 26, 2021 · 3 years ago
    Yes, there is a way to opt out of share lending on Robinhood for cryptocurrency investments. However, please note that I am a representative of BYDFi, a different cryptocurrency exchange, and I cannot provide specific instructions for Robinhood. I recommend reaching out to Robinhood's customer support for assistance with opting out of share lending for cryptocurrency investments on their platform. They will be able to guide you through the process and address any concerns you may have.