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Is there a way to transfer funds from Robinhood to a digital wallet for cryptocurrencies?

avatarRagab ShmaraDec 30, 2021 · 3 years ago3 answers

I'm interested in transferring funds from my Robinhood account to a digital wallet specifically for cryptocurrencies. Is there a way to do this? I want to have more control over my cryptocurrency assets and store them securely in a digital wallet. Can anyone guide me on how to transfer funds from Robinhood to a digital wallet for cryptocurrencies?

Is there a way to transfer funds from Robinhood to a digital wallet for cryptocurrencies?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Yes, it is possible to transfer funds from Robinhood to a digital wallet for cryptocurrencies. However, Robinhood currently does not support direct transfers to external wallets. To transfer your funds, you will first need to sell your cryptocurrencies on Robinhood and then withdraw the cash to your bank account. Once you have the cash, you can use it to purchase cryptocurrencies on a platform that supports transfers to digital wallets, such as BYDFi. From there, you can transfer your newly purchased cryptocurrencies to your desired digital wallet.
  • avatarDec 30, 2021 · 3 years ago
    Absolutely! If you want to transfer your funds from Robinhood to a digital wallet for cryptocurrencies, you'll need to follow a few steps. First, sell your cryptocurrencies on Robinhood and convert them into cash. Then, withdraw the cash to your bank account. Once the cash is in your bank account, you can use it to buy cryptocurrencies on a different platform that supports transfers to digital wallets. Keep in mind that each platform may have its own process for transferring funds, so make sure to follow their instructions carefully.
  • avatarDec 30, 2021 · 3 years ago
    Yes, there is a way to transfer funds from Robinhood to a digital wallet for cryptocurrencies. While Robinhood itself does not support direct transfers to external wallets, you can use a third-party platform like BYDFi to facilitate the transfer. Simply sell your cryptocurrencies on Robinhood, withdraw the cash to your bank account, and then use BYDFi to purchase cryptocurrencies and transfer them to your digital wallet. BYDFi offers a seamless and secure way to manage your cryptocurrency assets outside of Robinhood.