Why does my Robinhood account show $0 withdrawable cash for Bitcoin and other cryptocurrencies?

3 answers

• kronosaurusOct 06, 2020 · 5 years ago
  It is possible that your Robinhood account is showing $0 withdrawable cash for Bitcoin and other cryptocurrencies due to a temporary hold or pending transaction. This can happen when you have recently made a deposit or a trade, and the funds are still being processed. In such cases, it is advisable to wait for a while and check your account again later. If the issue persists, you can reach out to Robinhood customer support for assistance.
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• Malik JameelAug 28, 2020 · 5 years ago
  The $0 withdrawable cash for Bitcoin and other cryptocurrencies in your Robinhood account could be a result of a recent market fluctuation. Cryptocurrency prices are highly volatile, and it is possible that the value of your holdings has temporarily decreased, resulting in a lower withdrawable cash balance. Keep in mind that the withdrawable cash balance is based on the current market value of your cryptocurrencies. You can monitor the market and wait for the prices to recover before attempting to withdraw.
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• Malik JameelJul 15, 2020 · 5 years ago
  I understand that seeing $0 withdrawable cash for Bitcoin and other cryptocurrencies in your Robinhood account can be concerning. However, it's important to note that Robinhood is a commission-free trading platform, and they generate revenue through other means, such as order flow. This means that they may not always hold the exact amount of cash equivalent to your cryptocurrency holdings. Rest assured that your cryptocurrencies are still securely stored in your account, and you can trade or sell them when the market conditions are favorable.
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