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What are the steps to make a cash deposit on Robinhood for buying cryptocurrencies?

avatarcassidy friendDec 28, 2021 · 3 years ago1 answers

Can you guide me through the process of making a cash deposit on Robinhood for purchasing cryptocurrencies? I'm new to the platform and would like to understand the steps involved.

What are the steps to make a cash deposit on Robinhood for buying cryptocurrencies?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    Certainly! Here's a step-by-step guide on making a cash deposit on Robinhood for purchasing cryptocurrencies: 1. Open the Robinhood app on your mobile device. 2. Tap on the 'Account' tab located at the bottom right corner of the screen. 3. From the menu options, select 'Transfer'. 4. Choose 'Deposit' and then 'Bank Account'. 5. Enter the amount you want to deposit and select your bank account. 6. Review the details and confirm the deposit. 7. Wait for the deposit to be processed, typically taking a few business days. That's it! You've successfully made a cash deposit on Robinhood for buying cryptocurrencies. Enjoy trading with Robinhood!