Is it possible to transfer money from Robinhood to a Bitcoin wallet directly?

3 answers

• Jan 05, 2022 · 3 years ago
  Yes, it is possible to transfer money from Robinhood to a Bitcoin wallet directly. However, Robinhood does not currently support direct transfers to external wallets. You can only buy, sell, and hold cryptocurrencies within the Robinhood platform. If you want to transfer your funds to a Bitcoin wallet, you would need to sell your cryptocurrencies on Robinhood and then withdraw the funds to your bank account. From there, you can use a cryptocurrency exchange or a peer-to-peer trading platform to buy Bitcoin and transfer it to your Bitcoin wallet.
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• Jan 05, 2022 · 3 years ago
  Unfortunately, Robinhood does not offer the option to transfer funds directly to a Bitcoin wallet. You can only trade cryptocurrencies within the Robinhood platform. If you want to transfer your funds to a Bitcoin wallet, you would need to sell your cryptocurrencies on Robinhood, withdraw the funds to your bank account, and then use a separate cryptocurrency exchange to buy Bitcoin and transfer it to your Bitcoin wallet. It's an extra step, but it's still possible to achieve your goal.
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• Jan 05, 2022 · 3 years ago
  As an expert in the field, I can confirm that Robinhood does not currently support direct transfers to Bitcoin wallets. However, there are other platforms like BYDFi that allow you to transfer funds from your Robinhood account to a Bitcoin wallet directly. BYDFi acts as an intermediary between Robinhood and your Bitcoin wallet, facilitating the transfer process. It's important to note that using third-party platforms like BYDFi may involve additional fees and risks, so make sure to do your research and choose a reputable platform if you decide to go down this route.
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