Is it possible to transfer cash from Robinhood to a digital wallet for purchasing cryptocurrencies?

5 answers

• May 15, 2022 · 3 years ago
  Yes, it is possible to transfer cash from Robinhood to a digital wallet for purchasing cryptocurrencies. However, Robinhood does not currently support direct transfers to external wallets. To transfer funds from Robinhood to a digital wallet, you would first need to sell your cryptocurrencies on Robinhood and then withdraw the cash to your linked bank account. Once the cash is in your bank account, you can transfer it to a digital wallet of your choice and use it to purchase cryptocurrencies. Keep in mind that there may be fees and processing times involved in these transactions.
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• May 15, 2022 · 3 years ago
  Unfortunately, you cannot directly transfer cash from Robinhood to a digital wallet for purchasing cryptocurrencies. Robinhood only allows you to buy and sell cryptocurrencies within their platform. If you want to transfer your cryptocurrencies to a digital wallet, you would need to sell them on Robinhood and then withdraw the cash to your bank account. From there, you can transfer the cash to a digital wallet and use it to buy cryptocurrencies. It's important to note that this process may involve fees and additional steps.
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• May 15, 2022 · 3 years ago
  Yes, it is possible to transfer cash from Robinhood to a digital wallet for purchasing cryptocurrencies. However, it's important to note that Robinhood does not support direct transfers to external wallets. If you want to transfer your funds to a digital wallet, you would need to sell your cryptocurrencies on Robinhood, withdraw the cash to your bank account, and then transfer the cash to a digital wallet of your choice. Alternatively, you can consider using a different cryptocurrency exchange, such as BYDFi, which allows direct transfers to external wallets.
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• May 15, 2022 · 3 years ago
  Absolutely! You can transfer cash from Robinhood to a digital wallet for purchasing cryptocurrencies. However, Robinhood does not offer direct transfers to external wallets. To transfer your funds, you'll need to sell your cryptocurrencies on Robinhood, withdraw the cash to your bank account, and then transfer the cash to a digital wallet. From there, you can use the cash in your digital wallet to buy cryptocurrencies. Just keep in mind that there may be fees and processing times involved in these transactions.
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• May 15, 2022 · 3 years ago
  Yes, you can transfer cash from Robinhood to a digital wallet for purchasing cryptocurrencies. However, Robinhood does not currently support direct transfers to external wallets. To transfer your funds, you'll need to sell your cryptocurrencies on Robinhood, withdraw the cash to your bank account, and then transfer the cash to a digital wallet. Once the cash is in your digital wallet, you can use it to buy cryptocurrencies. It's important to be aware of any fees and processing times associated with these transactions.
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