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What are the steps to withdraw money from Robinhood and transfer it to a crypto exchange?

avatarDev adarshDec 29, 2021 · 3 years ago1 answers

Can you provide a step-by-step guide on how to withdraw money from Robinhood and transfer it to a crypto exchange? I'm new to the world of cryptocurrencies and would like to know the process.

What are the steps to withdraw money from Robinhood and transfer it to a crypto exchange?

1 answers

  • avatarDec 29, 2021 · 3 years ago
    No problem! Here's a step-by-step guide: 1. Open the Robinhood app or website. 2. Go to your account settings and select 'Transfer'. 3. Choose the option to transfer funds to an external bank account. 4. Enter the amount you want to withdraw and select your bank account. 5. Confirm the withdrawal and wait for the funds to be transferred to your bank account. 6. Once the funds are in your bank account, go to the crypto exchange you want to use. 7. Create an account if you don't have one and complete the verification process. 8. Go to the 'Deposit' section on the exchange and select the cryptocurrency you want to deposit. 9. Copy the deposit address provided by the exchange. 10. Go back to Robinhood and select the cryptocurrency you want to transfer. 11. Choose the option to withdraw and paste the deposit address from the exchange. 12. Confirm the withdrawal and wait for the transfer to be completed. That's it! You've successfully withdrawn money from Robinhood and transferred it to a crypto exchange.