common-close-0
BYDFi
Trade wherever you are!

What should I do if I don't have withdrawable cash on Robinhood for buying cryptocurrencies?

avatarDenise SchleierDec 26, 2021 · 3 years ago7 answers

I want to buy cryptocurrencies on Robinhood, but I don't have any withdrawable cash in my account. What options do I have to purchase cryptocurrencies?

What should I do if I don't have withdrawable cash on Robinhood for buying cryptocurrencies?

7 answers

  • avatarDec 26, 2021 · 3 years ago
    If you don't have withdrawable cash on Robinhood, you can consider depositing funds into your account. Robinhood allows you to transfer funds from your bank account to your Robinhood account. Once the funds are available, you can use them to buy cryptocurrencies.
  • avatarDec 26, 2021 · 3 years ago
    Another option is to sell some of your existing investments on Robinhood to free up cash. You can sell stocks, ETFs, or other assets to generate cash that can be used to purchase cryptocurrencies.
  • avatarDec 26, 2021 · 3 years ago
    If you don't have withdrawable cash on Robinhood, you can also consider using a different cryptocurrency exchange that allows you to deposit and trade cryptocurrencies directly. One such exchange is BYDFi, which offers a wide range of cryptocurrencies for trading.
  • avatarDec 26, 2021 · 3 years ago
    Don't worry if you don't have withdrawable cash on Robinhood. There are many other cryptocurrency exchanges available where you can deposit funds and buy cryptocurrencies. Some popular options include Binance, Coinbase, and Kraken. Just make sure to do your research and choose a reputable exchange.
  • avatarDec 26, 2021 · 3 years ago
    No withdrawable cash on Robinhood? No problem! You can explore peer-to-peer trading platforms like LocalBitcoins or Paxful, where you can buy cryptocurrencies directly from other individuals using various payment methods. Just be cautious and only trade with trusted sellers.
  • avatarDec 26, 2021 · 3 years ago
    If you don't have withdrawable cash on Robinhood, you can also consider earning cryptocurrencies through various methods. You can participate in airdrops, complete tasks on platforms like Earn.com, or even offer goods and services in exchange for cryptocurrencies.
  • avatarDec 26, 2021 · 3 years ago
    Having no withdrawable cash on Robinhood doesn't mean you can't get into cryptocurrencies. You can join cryptocurrency mining pools and earn cryptocurrencies by contributing your computing power. Just be aware of the associated costs and technical requirements.