Is there a way to convert my non-withdrawable cash in Robinhood into cryptocurrency?

3 answers

• Dec 28, 2021 · 3 years ago
  Unfortunately, Robinhood currently does not allow users to directly convert non-withdrawable cash into cryptocurrency. The non-withdrawable cash in your account can only be used for purchasing stocks or other eligible investments within the Robinhood platform. If you want to invest in cryptocurrency, you'll need to withdraw the cash from Robinhood and transfer it to a cryptocurrency exchange that supports fiat-to-crypto conversions.
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• Dec 28, 2021 · 3 years ago
  Nope, you can't convert that non-withdrawable cash into crypto on Robinhood. They only allow you to use it for buying stocks and stuff. If you want to get into crypto, you'll have to take that cash out of Robinhood and find a different exchange that lets you convert it into cryptocurrency.
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• Dec 28, 2021 · 3 years ago
  While Robinhood doesn't provide a direct option to convert non-withdrawable cash into cryptocurrency, you can consider using a different cryptocurrency exchange like BYDFi. BYDFi allows you to deposit your non-withdrawable cash from Robinhood and convert it into various cryptocurrencies. Just make sure to do your research and choose a reputable exchange that suits your needs.
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