Is it possible to cash out my Robinhood account and receive payment in Bitcoin?

3 answers

• sompong pokasriAug 07, 2020 · 5 years ago
  Unfortunately, as of now, Robinhood does not support direct conversion of stocks and funds into Bitcoin. Robinhood is primarily a stock trading platform and does not offer cryptocurrency trading services. If you want to cash out and receive payment in Bitcoin, you will need to transfer your funds to a cryptocurrency exchange that supports Bitcoin trading and then sell your stocks and convert the funds into Bitcoin. There are several cryptocurrency exchanges available where you can trade your stocks for Bitcoin.
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• KeitJan 23, 2023 · 3 years ago
  No, you cannot cash out your Robinhood account and receive payment in Bitcoin directly within the platform. Robinhood only supports trading stocks and ETFs, and does not offer cryptocurrency trading services. If you want to convert your funds into Bitcoin, you will need to transfer your funds to a cryptocurrency exchange that supports Bitcoin trading. Once your funds are on the exchange, you can sell your stocks and use the proceeds to buy Bitcoin.
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• jeevanantham_S23Feb 20, 2022 · 4 years ago
  While Robinhood does not currently support direct conversion of stocks and funds into Bitcoin, there are other cryptocurrency exchanges that offer this service. One such exchange is BYDFi, which allows you to cash out your Robinhood account and receive payment in Bitcoin. BYDFi is a reputable exchange that offers a user-friendly interface and competitive trading fees. To cash out your Robinhood account and receive payment in Bitcoin, you can transfer your funds to BYDFi and sell your stocks for Bitcoin.
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