How long does it take for cash to settle on Robinhood when trading cryptocurrencies?

3 answers

• csascriptAug 19, 2021 · 4 years ago
  The time it takes for cash to settle on Robinhood when trading cryptocurrencies can vary. Generally, it takes about 2-3 business days for the cash to settle after selling your cryptocurrencies. However, this timeframe can be longer depending on various factors such as market volatility and the specific cryptocurrency being traded. It's important to note that Robinhood may also have additional processing times before the cash is available for withdrawal or further trading.
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• noraJul 17, 2020 · 6 years ago
  Cash settlement on Robinhood when trading cryptocurrencies usually takes around 2-3 business days. This means that after selling your cryptocurrencies, it may take a couple of days for the cash to be settled and available for withdrawal or reinvestment. Keep in mind that this timeframe can be longer during periods of high market activity or if there are any technical issues on the platform. It's always a good idea to check Robinhood's official website or contact their customer support for the most up-to-date information on cash settlement times.
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• Hancock HaysOct 25, 2023 · 2 years ago
  When trading cryptocurrencies on Robinhood, the cash settlement process typically takes 2-3 business days. This means that after selling your cryptocurrencies, it may take a few days for the cash to be settled and reflected in your account balance. During this time, you won't be able to use the proceeds from the sale to make further trades or withdrawals. It's important to be patient and allow the settlement process to complete before expecting the cash to be available for use. If you have any specific concerns or questions about the cash settlement process on Robinhood, you can reach out to their customer support for assistance.
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