Are there any fees or penalties for deleting a Robinhood account that contains cryptocurrency investments?
soroush soleimaniDec 26, 2021 · 3 years ago3 answers
I want to delete my Robinhood account, but I'm concerned about the potential fees or penalties since I have cryptocurrency investments in it. Are there any fees or penalties for deleting a Robinhood account that contains cryptocurrency investments?
3 answers
- Dec 26, 2021 · 3 years agoDeleting a Robinhood account that contains cryptocurrency investments does not incur any fees or penalties. You can delete your account without worrying about any additional charges. However, it's important to note that deleting your account will result in the permanent removal of all your investments, including your cryptocurrency holdings.
- Dec 26, 2021 · 3 years agoNo, there are no fees or penalties for deleting a Robinhood account that contains cryptocurrency investments. Robinhood allows users to close their accounts without any additional charges. Just make sure to withdraw your cryptocurrency holdings before deleting your account, as the deletion process is irreversible.
- Dec 26, 2021 · 3 years agoDeleting a Robinhood account that contains cryptocurrency investments is free of charge. You won't be penalized for closing your account. However, keep in mind that once you delete your account, all your investments, including your cryptocurrency holdings, will be permanently deleted. Make sure to transfer your cryptocurrencies to another wallet or exchange before deleting your Robinhood account.
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