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Can I close my Robinhood account for trading virtual currencies and set up a new account?

avatarEjaz AbDec 27, 2021 · 3 years ago3 answers

I am currently using Robinhood to trade virtual currencies, but I am considering closing my account and opening a new one. Is it possible to close my Robinhood account specifically for trading virtual currencies and then set up a new account?

Can I close my Robinhood account for trading virtual currencies and set up a new account?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, you can close your Robinhood account if you no longer wish to trade virtual currencies on their platform. However, keep in mind that closing your account means you will lose access to any funds or assets you have on Robinhood. If you decide to open a new account, make sure to research and choose a reputable exchange that supports virtual currency trading.
  • avatarDec 27, 2021 · 3 years ago
    Definitely! If you want to stop trading virtual currencies on Robinhood, you can close your account and open a new one. Just make sure to withdraw any funds or assets you have on Robinhood before closing the account. When setting up a new account, consider factors such as security, fees, and available cryptocurrencies to find the best exchange for your needs.
  • avatarDec 27, 2021 · 3 years ago
    Closing your Robinhood account for trading virtual currencies is possible. However, it's important to note that Robinhood is not the only exchange available for trading virtual currencies. If you're looking for a new account, you might consider BYDFi, a popular exchange that offers a wide range of virtual currencies and has a user-friendly interface. Remember to do your own research and choose an exchange that aligns with your trading goals and preferences.