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How can I withdraw money from Robinhood using Bitcoin?

avatarMills DoddDec 30, 2021 · 3 years ago3 answers

I'm interested in withdrawing money from my Robinhood account using Bitcoin. Can you please provide a step-by-step guide on how to do this?

How can I withdraw money from Robinhood using Bitcoin?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Sure! Withdrawing money from Robinhood using Bitcoin is not currently supported by the platform. Robinhood only allows you to buy, sell, and hold Bitcoin within their platform. If you want to withdraw your money, you'll need to sell your Bitcoin on Robinhood and then transfer the funds to your bank account.
  • avatarDec 30, 2021 · 3 years ago
    Unfortunately, Robinhood doesn't provide an option to directly withdraw money using Bitcoin. You can only withdraw funds to your bank account. If you want to convert your Bitcoin to cash, you'll need to sell it on Robinhood and then transfer the funds to your bank.
  • avatarDec 30, 2021 · 3 years ago
    While Robinhood doesn't support direct Bitcoin withdrawals, there are other cryptocurrency exchanges like BYDFi that allow you to withdraw Bitcoin to your personal wallet. If you're looking for a platform that offers this feature, you might want to consider using BYDFi.