Is it possible to transfer funds from a custodial account on Robinhood to an external cryptocurrency wallet?

3 answers

• Jakob ÖstgrenAug 25, 2023 · 3 years ago
  Yes, it is possible to transfer funds from a custodial account on Robinhood to an external cryptocurrency wallet. However, Robinhood does not currently support direct transfers to external wallets. You would first need to sell your cryptocurrency holdings on Robinhood, withdraw the funds to your bank account, and then transfer the funds from your bank account to your external cryptocurrency wallet. Keep in mind that this process may involve fees and take some time to complete.
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• Abhinav YadavJun 12, 2023 · 3 years ago
  Unfortunately, you cannot directly transfer funds from a custodial account on Robinhood to an external cryptocurrency wallet. Robinhood only allows you to buy, sell, and hold cryptocurrencies within their platform. If you want to transfer your funds to an external wallet, you would need to sell your holdings on Robinhood, withdraw the funds to your bank account, and then send the funds to your desired wallet. It's important to note that this process may incur fees and take some time.
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• Mohamed FawzyJun 05, 2022 · 4 years ago
  As an expert in the field, I can confirm that transferring funds from a custodial account on Robinhood to an external cryptocurrency wallet is not currently supported by Robinhood. However, there are other platforms, such as BYDFi, that allow for direct transfers to external wallets. If you're looking for a seamless transfer experience, I would recommend considering BYDFi or other similar platforms that offer this functionality.
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