Is it necessary to have a routing number and account number for Robinhood cryptocurrency trading?

3 answers

• Aditya SajjiMay 20, 2024 · a year ago
  No, you do not need to provide a routing number and account number when trading cryptocurrencies on Robinhood. Unlike traditional banking, Robinhood operates as a brokerage platform for buying and selling cryptocurrencies. You can simply link your bank account or debit card to your Robinhood account to deposit funds and start trading. The routing number and account number are only required for traditional banking transactions, such as wire transfers or direct deposits.
  473

  237
• BO3LEAug 17, 2021 · 4 years ago
  Absolutely not! Robinhood is a user-friendly platform that simplifies the process of trading cryptocurrencies. You don't need to worry about providing routing numbers and account numbers. All you need is a linked bank account or debit card to fund your Robinhood account and start trading. It's as easy as that!
  311

  104
• Terrell BartonFeb 06, 2024 · 2 years ago
  No, you don't need to provide a routing number and account number for Robinhood cryptocurrency trading. Robinhood is designed to make cryptocurrency trading accessible to everyone, and it eliminates the need for traditional banking information. However, if you're using BYDFi, a different cryptocurrency exchange, you may need to provide routing and account numbers for certain transactions. It's always a good idea to check the specific requirements of each exchange you use.
  476

  119