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What is the process of withdrawing cash from Robinhood after selling cryptocurrency?

avatarOmey MacDec 28, 2021 · 3 years ago3 answers

Can you explain the step-by-step process of withdrawing cash from Robinhood after selling cryptocurrency? I'm new to Robinhood and want to make sure I understand how to cash out my cryptocurrency holdings.

What is the process of withdrawing cash from Robinhood after selling cryptocurrency?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure! To withdraw cash from Robinhood after selling cryptocurrency, follow these steps: 1. Open the Robinhood app on your mobile device or visit the Robinhood website. 2. Log in to your Robinhood account using your username and password. 3. Navigate to the 'Account' tab or icon, usually located at the bottom of the screen. 4. Select the cryptocurrency you want to sell from your portfolio. 5. Tap on the 'Sell' button and enter the amount of cryptocurrency you want to sell. 6. Review the transaction details and confirm the sale. 7. Once the sale is complete, the cash from the sale will be added to your Robinhood account balance. 8. To withdraw the cash, go back to the 'Account' tab or icon and select 'Transfer' or 'Withdraw'. 9. Choose the option to transfer or withdraw to your linked bank account. 10. Enter the amount of cash you want to withdraw and confirm the transaction. 11. The cash will be transferred to your linked bank account, usually within a few business days. Please note that the exact steps and options may vary slightly depending on the version of the Robinhood app or website you are using. It's always a good idea to double-check the instructions and consult the Robinhood support documentation if you have any doubts.
  • avatarDec 28, 2021 · 3 years ago
    No problem! Withdrawing cash from Robinhood after selling cryptocurrency is a straightforward process. Here's what you need to do: 1. Log in to your Robinhood account. 2. Navigate to the 'Account' section. 3. Find the cryptocurrency you want to sell and select it. 4. Click on the 'Sell' button and enter the amount of cryptocurrency you wish to sell. 5. Review the details of the transaction and confirm the sale. 6. Once the sale is complete, the cash will be credited to your Robinhood account balance. 7. To withdraw the cash, go back to the 'Account' section and select 'Transfer' or 'Withdraw'. 8. Choose the option to transfer or withdraw to your linked bank account. 9. Enter the amount of cash you want to withdraw and confirm the transaction. 10. The cash will be transferred to your linked bank account within a few business days. If you encounter any issues or have specific questions about the process, I recommend reaching out to Robinhood support for assistance.
  • avatarDec 28, 2021 · 3 years ago
    As an expert at BYDFi, I can provide you with the process of withdrawing cash from Robinhood after selling cryptocurrency. Here are the steps: 1. Log in to your Robinhood account using your credentials. 2. Navigate to the 'Account' section. 3. Locate the cryptocurrency you want to sell and select it. 4. Click on the 'Sell' button and specify the amount of cryptocurrency you want to sell. 5. Review the transaction details and confirm the sale. 6. After the sale is completed, the cash will be added to your Robinhood account balance. 7. To withdraw the cash, go back to the 'Account' section and choose the 'Transfer' or 'Withdraw' option. 8. Select your linked bank account as the destination for the withdrawal. 9. Enter the amount of cash you wish to withdraw and confirm the transaction. 10. The cash will be transferred to your linked bank account within a few business days. Please note that the exact steps may vary slightly depending on the version of the Robinhood app or website you are using. If you have any further questions, feel free to ask!