How does using a Robinhood card at an ATM affect your digital currency holdings?

3 answers

• Dec 24, 2021 · 3 years ago
  When you use a Robinhood card at an ATM, your digital currency holdings remain unaffected. The Robinhood card is linked to your Robinhood brokerage account, which is separate from your digital currency holdings. The funds withdrawn from the ATM are deducted from your brokerage account balance, not your digital currency holdings. Therefore, using a Robinhood card at an ATM does not impact the amount of digital currency you own.
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• Dec 24, 2021 · 3 years ago
  Using a Robinhood card at an ATM has no direct effect on your digital currency holdings. The card is tied to your brokerage account, which is used for traditional financial transactions. Your digital currency holdings are stored separately in your Robinhood digital wallet. So, withdrawing cash from an ATM using a Robinhood card will not affect the amount of digital currency you own.
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• Dec 24, 2021 · 3 years ago
  When you use a Robinhood card at an ATM, it does not impact your digital currency holdings. However, it's important to note that Robinhood does not currently support the direct withdrawal of digital currency to cash. If you want to convert your digital currency holdings into cash, you would need to sell your digital currency on the Robinhood platform and then transfer the funds to your brokerage account. From there, you can use your Robinhood card at an ATM to withdraw the cash.
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