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How to turn off stock lending on Robinhood for cryptocurrency trading?

avatarAndreasfDec 26, 2021 · 3 years ago3 answers

Can someone please explain how to disable stock lending on Robinhood specifically for cryptocurrency trading? I want to make sure that my cryptocurrency holdings are not being lent out to other traders. Is there a setting or option within the Robinhood app that allows me to turn off stock lending for cryptocurrencies?

How to turn off stock lending on Robinhood for cryptocurrency trading?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    To turn off stock lending on Robinhood for cryptocurrency trading, you can follow these steps: 1. Open the Robinhood app on your mobile device. 2. Go to the settings menu by tapping on the profile icon in the bottom right corner. 3. Scroll down and select 'Investing' from the menu. 4. Under the 'Stock Lending' section, you should see an option to disable stock lending for cryptocurrencies. Toggle the switch to turn it off. By disabling stock lending, you can ensure that your cryptocurrency holdings are not being lent out to other traders.
  • avatarDec 26, 2021 · 3 years ago
    If you want to disable stock lending on Robinhood for cryptocurrency trading, it's important to note that this feature is only available for Robinhood Gold members. If you're not a Robinhood Gold member, you won't have the option to turn off stock lending for cryptocurrencies. However, you can upgrade to Robinhood Gold to access this feature and have more control over your cryptocurrency holdings.
  • avatarDec 26, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can confirm that Robinhood does not currently offer the option to disable stock lending for cryptocurrencies. This means that if you're using Robinhood for cryptocurrency trading, your holdings may be lent out to other traders. If you're concerned about this, you may want to consider using a different cryptocurrency exchange that allows you to have more control over your holdings and lending options.