What happens to my digital assets when I sell them on Robinhood?

3 answers

• Pappas LundgrenNov 28, 2024 · 2 years ago
  When you sell your digital assets on Robinhood, the proceeds from the sale will be credited to your Robinhood account. You can choose to keep the funds in your Robinhood account or withdraw them to your linked bank account. However, Robinhood currently does not support direct withdrawals to other exchanges or wallets.
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• Thuesen RiversAug 10, 2021 · 5 years ago
  After selling your digital assets on Robinhood, the funds will be available in your Robinhood account. You can choose to keep them there or transfer them to your bank account. However, if you want to withdraw them to another exchange or wallet, you will need to transfer them from your Robinhood account to a different platform that supports such transfers.
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• MalleeswaranFeb 02, 2024 · 2 years ago
  When you sell your digital assets on Robinhood, the funds will stay in your Robinhood account. If you want to transfer them to another exchange or wallet, you will need to initiate a transfer from your Robinhood account to the desired destination. Keep in mind that not all exchanges or wallets may support transfers from Robinhood, so it's important to check the compatibility before initiating the transfer. BYDFi, for example, is a platform that allows you to easily transfer your funds from Robinhood to other exchanges or wallets.
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