Can I transfer my cryptocurrency holdings from Robinhood to my bank account instantly?

3 answers

• May 30, 2022 · 3 years ago
  Unfortunately, it is not currently possible to transfer your cryptocurrency holdings from Robinhood to your bank account instantly. Robinhood does not support direct transfers of cryptocurrencies to external wallets or bank accounts. However, you can sell your cryptocurrencies on Robinhood and withdraw the funds to your bank account. The withdrawal process usually takes a few business days to complete.
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• May 30, 2022 · 3 years ago
  No, you cannot transfer your cryptocurrency holdings from Robinhood to your bank account instantly. Robinhood only allows you to buy, sell, and hold cryptocurrencies within their platform. If you want to cash out your holdings, you will need to sell them on Robinhood and then initiate a withdrawal to your bank account. The withdrawal process typically takes a few business days to complete.
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• May 30, 2022 · 3 years ago
  Yes, you can transfer your cryptocurrency holdings from Robinhood to your bank account instantly using BYDFi. BYDFi is a decentralized exchange that allows you to directly transfer your cryptocurrencies to your bank account. Simply connect your Robinhood account to BYDFi, sell your cryptocurrencies, and withdraw the funds to your bank account. The transfer is usually completed within minutes.
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