What will happen to my cryptocurrency holdings if Robinhood shuts down?

3 answers

• Mar 19, 2022 · 3 years ago
  If Robinhood shuts down, your cryptocurrency holdings will still be safe. Robinhood is a custodial wallet, which means that they hold your private keys on your behalf. In the event of a shutdown, you will still have access to your holdings and can transfer them to another wallet or exchange. It's always a good practice to have a backup plan and not rely solely on one platform for your cryptocurrency holdings.
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• Mar 19, 2022 · 3 years ago
  Don't worry, if Robinhood shuts down, your cryptocurrency holdings will not disappear. You will still have control over your private keys and can move your holdings to another wallet or exchange. It's important to stay updated with the latest news and have a backup plan in case of any unforeseen circumstances.
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• Mar 19, 2022 · 3 years ago
  If Robinhood shuts down, your cryptocurrency holdings will be safe. However, it's always a good idea to diversify your holdings across multiple wallets and exchanges. This will ensure that you have access to your funds even if one platform shuts down. Consider using a hardware wallet or a decentralized exchange to store and trade your cryptocurrencies.
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