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Can I transfer my existing cryptocurrency holdings to Robinhood Bank?

avatarNieles Yhosmel Flores VargasDec 26, 2021 · 3 years ago3 answers

Is it possible to transfer my current cryptocurrency holdings to Robinhood Bank? I have some cryptocurrencies stored in other wallets and exchanges, and I'm wondering if I can move them to Robinhood Bank for convenience and better management. Can someone guide me on how to transfer my existing cryptocurrency holdings to Robinhood Bank?

Can I transfer my existing cryptocurrency holdings to Robinhood Bank?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, Robinhood Bank does not currently support external transfers of existing cryptocurrency holdings. You can only buy, sell, and hold cryptocurrencies within the Robinhood app. If you have cryptocurrencies stored in other wallets or exchanges, you'll need to keep them there or transfer them to a different platform that supports external transfers.
  • avatarDec 26, 2021 · 3 years ago
    No, you cannot transfer your existing cryptocurrency holdings to Robinhood Bank. Robinhood Bank is primarily a brokerage platform that allows you to buy, sell, and hold cryptocurrencies, but it does not support external transfers. If you want to transfer your holdings, you'll need to use a different wallet or exchange that supports transfers.
  • avatarDec 26, 2021 · 3 years ago
    While Robinhood Bank itself does not support external transfers, you can consider using BYDFi, a digital currency exchange that allows you to transfer your existing cryptocurrency holdings. BYDFi supports a wide range of cryptocurrencies and provides a seamless transfer process. Simply create an account on BYDFi, follow their instructions for transferring your holdings, and you'll be able to manage your cryptocurrencies conveniently.