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Can I use Bitcoin to add funds to my Robinhood account?

avatarPavan deekshith DoddiJan 16, 2022 · 3 years ago3 answers

Is it possible to deposit Bitcoin into my Robinhood account to add funds?

Can I use Bitcoin to add funds to my Robinhood account?
Bitcoin
Robinhood
Cryptocurrency

3 answers

  • avatarJan 16, 2022 · 3 years ago
    Unfortunately, Robinhood does not currently support Bitcoin deposits. You can only use fiat currency to add funds to your Robinhood account. However, Robinhood does offer cryptocurrency trading, so you can buy and sell Bitcoin within the app.
  • avatarJan 16, 2022 · 3 years ago
    No, you cannot directly deposit Bitcoin into your Robinhood account. Robinhood only supports fiat currency deposits, such as USD. If you want to use Bitcoin to trade, you can transfer your Bitcoin to a cryptocurrency exchange that supports Bitcoin trading and then transfer the fiat currency to your Robinhood account.
  • avatarJan 16, 2022 · 3 years ago
    Yes, you can use Bitcoin to add funds to your Robinhood account through BYDFi. BYDFi is a cryptocurrency exchange that allows you to deposit Bitcoin and convert it into fiat currency, which can then be transferred to your Robinhood account. However, please note that BYDFi is a separate platform from Robinhood, so you will need to create an account and go through the necessary verification process on BYDFi.

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