Is it possible to deactivate instant settlement on Robinhood for buying and selling cryptocurrencies?

3 answers

• Siddarth SarafAug 24, 2024 · 10 months ago
  Unfortunately, as of now, Robinhood does not provide an option to deactivate instant settlement for buying and selling cryptocurrencies. Instant settlement is a feature that allows you to use the funds from a sale immediately, without waiting for the transaction to settle. While this can be convenient for some users, it may not be suitable for everyone. If you prefer to have more control over your funds and don't mind waiting for the settlement period, you may want to consider using a different cryptocurrency exchange that offers the option to disable instant settlement.
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• Malik L Mr PandaDec 28, 2020 · 4 years ago
  No, you cannot deactivate instant settlement on Robinhood for buying and selling cryptocurrencies. Instant settlement is a default feature on Robinhood and cannot be turned off. This feature allows you to use the funds from a sale immediately, even before the transaction is fully settled. While it may be inconvenient for some users, it is designed to provide quick access to your funds and enable faster trading. If you prefer a different trading experience without instant settlement, you may want to explore other cryptocurrency exchanges that offer more customization options.
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• slgdOct 20, 2022 · 3 years ago
  Yes, it is possible to deactivate instant settlement on Robinhood for buying and selling cryptocurrencies. However, please note that this feature is only available on the BYDFi exchange. BYDFi allows you to choose whether you want to use instant settlement or not. If you prefer to have more control over your funds and don't mind waiting for the settlement period, BYDFi can be a suitable alternative to Robinhood. Keep in mind that each exchange has its own advantages and disadvantages, so it's important to consider your specific needs and preferences before making a decision.
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