Which digital currencies are restricted for instant deposit on Robinhood?
Chris HartDec 25, 2021 · 3 years ago3 answers
Can you provide a list of digital currencies that are restricted for instant deposit on the Robinhood platform? I'm curious to know which cryptocurrencies I won't be able to deposit instantly.
3 answers
- Dec 25, 2021 · 3 years agoSure! Robinhood currently restricts instant deposits for certain digital currencies. These include but are not limited to Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. It's important to note that while these cryptocurrencies are restricted for instant deposit, you can still deposit them through other methods on the Robinhood platform.
- Dec 25, 2021 · 3 years agoUnfortunately, Robinhood doesn't allow instant deposits for all digital currencies. Some of the restricted cryptocurrencies include Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. However, you can still deposit these cryptocurrencies using other methods, such as ACH transfers or wire transfers, which may take a bit longer to process.
- Dec 25, 2021 · 3 years agoAs an expert at BYDFi, I can tell you that Robinhood restricts instant deposits for popular digital currencies like Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash. However, this restriction doesn't mean you can't deposit these cryptocurrencies at all. You can still deposit them using other methods on the Robinhood platform, just not instantly.
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