Can I transfer my Ethereum holdings from Robinhood to Schwab?
Capps KragelundMay 08, 2022 · 3 years ago3 answers
Is it possible to transfer my Ethereum holdings from the Robinhood platform to Schwab?
3 answers
- May 08, 2022 · 3 years agoUnfortunately, as of now, Robinhood does not support the transfer of Ethereum holdings to Schwab or any other external wallets or platforms. The Ethereum you hold on Robinhood can only be traded within the Robinhood ecosystem. If you want to transfer your Ethereum to Schwab, you would need to sell your holdings on Robinhood and then purchase Ethereum on Schwab or transfer it from another wallet.
- May 08, 2022 · 3 years agoNo, you cannot directly transfer your Ethereum holdings from Robinhood to Schwab. Robinhood is a closed system, meaning that you can only buy, sell, and hold Ethereum within the Robinhood app. If you want to move your Ethereum to Schwab, you would need to sell your holdings on Robinhood and then transfer the funds to Schwab to buy Ethereum there.
- May 08, 2022 · 3 years agoYes, you can transfer your Ethereum holdings from Robinhood to Schwab. However, it's important to note that this transfer will involve selling your Ethereum on Robinhood and then using the funds to purchase Ethereum on Schwab or transfer it from another wallet. Keep in mind that there may be fees and tax implications associated with selling and transferring your Ethereum holdings. It's always a good idea to consult with a financial advisor or tax professional before making any transfers or transactions.
Related Tags
Hot Questions
- 93
How does cryptocurrency affect my tax return?
- 73
How can I protect my digital assets from hackers?
- 59
What are the best digital currencies to invest in right now?
- 58
How can I minimize my tax liability when dealing with cryptocurrencies?
- 55
What is the future of blockchain technology?
- 54
What are the best practices for reporting cryptocurrency on my taxes?
- 47
What are the tax implications of using cryptocurrency?
- 45
Are there any special tax rules for crypto investors?