What are the options for cashing out my cryptocurrency on Robinhood?

3 answers

• Lakamy THIAMJan 08, 2025 · 8 months ago
  To cash out your cryptocurrency on Robinhood, you have a few options. The first option is to sell your cryptocurrency for USD and withdraw the funds to your bank account. You can do this by navigating to the 'Investing' tab in the Robinhood app, selecting your cryptocurrency, and then tapping on the 'Sell' button. Once you have sold your cryptocurrency, you can withdraw the funds to your bank account by going to the 'Account' tab and selecting 'Transfer' followed by 'Transfer to Your Bank'. Another option is to transfer your cryptocurrency to another exchange that supports withdrawals. This can be done by obtaining the deposit address from the receiving exchange and then initiating a withdrawal from Robinhood to that address. Keep in mind that there may be fees associated with this option. Lastly, if you have a Robinhood Gold account, you can also use the Instant Deposits feature to instantly access the funds from your cryptocurrency sales. However, it's important to note that there are limitations on the amount you can withdraw instantly.
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• abahin danielDec 01, 2024 · 9 months ago
  Cashing out your cryptocurrency on Robinhood is a straightforward process. Once you have decided to sell your cryptocurrency, you can do so by following these steps. First, open the Robinhood app and navigate to the 'Investing' tab. From there, select the cryptocurrency you want to sell and tap on the 'Sell' button. After confirming the sale, the funds will be added to your buying power. To withdraw the funds, go to the 'Account' tab and select 'Transfer' followed by 'Transfer to Your Bank'. Enter the amount you want to withdraw and confirm the transfer. The funds should be deposited into your bank account within a few business days. It's important to note that there may be fees associated with the withdrawal, so make sure to review the fee schedule on the Robinhood website.
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• Akhil COct 30, 2022 · 3 years ago
  When it comes to cashing out your cryptocurrency on Robinhood, you have a few options. The first option is to sell your cryptocurrency and withdraw the funds to your bank account. This can be done by following the steps outlined in the previous answers. Another option is to transfer your cryptocurrency to another exchange that supports withdrawals. This can be useful if you prefer to use a different exchange for cashing out or if you want to take advantage of additional features offered by other exchanges. Keep in mind that each exchange may have its own withdrawal process and fees, so it's important to do your research before initiating a transfer. Additionally, if you have a Robinhood Gold account, you can use the Instant Deposits feature to access the funds from your cryptocurrency sales instantly. However, there are limitations on the amount you can withdraw instantly, so make sure to check the details on the Robinhood website.
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