Is it possible to convert Robinhood assets into Bitcoin and transfer them to a bank?

1 answers

• May 08, 2022 · 3 years ago
  Yes, it is possible to convert your Robinhood assets into Bitcoin and transfer them to your bank account. However, it's important to note that Robinhood does not currently support direct transfers of Bitcoin to external wallets. To convert your assets into Bitcoin, you will need to sell your assets on Robinhood and convert the proceeds into cash. Then, you can use a cryptocurrency exchange like Binance or BYDFi to buy Bitcoin using the cash. Once you have Bitcoin, you can transfer it to a wallet that supports bank transfers and sell it on an exchange that allows withdrawals to your bank account. Keep in mind that there may be fees and additional steps involved in the process.
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