Can I transfer my Shiba Inu coin from Robinhood to a different wallet?

1 answers

• Abhi Krishna HJun 09, 2022 · 3 years ago
  Yes, you can transfer your Shiba Inu coins from Robinhood to a different wallet. However, it's important to note that Robinhood does not currently support direct transfers of cryptocurrencies to external wallets. To transfer your Shiba Inu coins, you'll need to follow these steps: 1. Sell your Shiba Inu coins on Robinhood: Convert your Shiba Inu coins to a supported cryptocurrency on Robinhood, such as Bitcoin or Ethereum. 2. Withdraw the converted cryptocurrency: Once you have converted your Shiba Inu coins to a supported cryptocurrency, you can withdraw the cryptocurrency to an external wallet that supports Shiba Inu coins. 3. Choose a compatible wallet: Select a wallet that supports Shiba Inu coins, such as MetaMask or Trust Wallet. 4. Transfer the withdrawn cryptocurrency to the new wallet: In your chosen wallet, find the option to receive or deposit the cryptocurrency you withdrew from Robinhood. Follow the instructions to generate a receiving address. 5. Send the withdrawn cryptocurrency to the new wallet: In Robinhood, navigate to the withdrawal option and enter the receiving address generated in the previous step. Confirm the transaction. 6. Wait for the transfer to complete: The transfer may take some time to process, depending on network congestion. Once the transfer is complete, you should see your Shiba Inu coins in your new wallet. Keep in mind that there may be fees associated with selling and withdrawing cryptocurrencies on Robinhood, as well as fees for transferring cryptocurrencies to external wallets. It's always a good idea to review the fees and terms before proceeding with the transfer.
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