What happens to my money after I sell cryptocurrency on Robinhood?

3 answers

• Sergey AndreenkoFeb 10, 2021 · 5 years ago
  Once you sell cryptocurrency on Robinhood, the money from the sale will be credited to your Robinhood account. From there, you have the option to withdraw the funds to your linked bank account. Simply go to the 'Transfer' section in the app or website, select 'Withdraw' and follow the instructions to initiate the transfer. It usually takes a few business days for the funds to appear in your bank account. Keep in mind that there may be fees associated with the withdrawal, so make sure to check Robinhood's fee schedule for more information.
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• ChandanaAug 30, 2022 · 4 years ago
  After selling cryptocurrency on Robinhood, you have the flexibility to either keep the money on the platform or withdraw it to your bank account. If you choose to keep it on Robinhood, you can use the funds to buy other cryptocurrencies or stocks. However, if you prefer to have the money in your bank account, you can easily initiate a withdrawal. Just navigate to the 'Transfer' section in the app or website, select 'Withdraw' and follow the prompts. It's important to note that withdrawal processing times may vary, so it's best to check Robinhood's support documentation for the most up-to-date information.
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• JOEL ROXSep 20, 2021 · 5 years ago
  After selling cryptocurrency on Robinhood, the money will be credited to your Robinhood account. From there, you can choose to keep it on the platform or withdraw it to your bank account. If you decide to withdraw the funds, you can initiate the transfer through the Robinhood app or website. However, please note that Robinhood may have certain withdrawal limits and fees in place. It's always a good idea to review the terms and conditions or contact Robinhood's customer support for specific details regarding your account. At BYDFi, we also offer a similar service where you can sell cryptocurrency and withdraw the funds to your bank account.
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