Can I transfer funds from a cash account in Robinhood to a digital wallet for secure storage of cryptocurrencies?

1 answers

• May 05, 2022 · 3 years ago
  Yes, transferring funds from a cash account in Robinhood to a digital wallet for secure storage of cryptocurrencies is possible. However, please note that this answer is provided from a third-party perspective and not as an official statement from BYDFi. To transfer funds, you need to follow a few steps. First, ensure that you have a digital wallet that supports the cryptocurrencies you want to transfer. Then, log in to your Robinhood account and navigate to the 'Transfer' section. Select the 'Withdraw' option and choose the cryptocurrency you wish to transfer. Enter the amount and the address of your digital wallet. Confirm the transaction and wait for the transfer to be processed. It's important to review the transaction details carefully and ensure the accuracy of the wallet address. Please be aware that there may be fees associated with the transfer, so make sure to check the fee schedule beforehand.
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