Why can't I withdraw from Robinhood using digital currencies?

3 answers

• Dec 25, 2021 · 3 years ago
  Unfortunately, Robinhood currently does not support the withdrawal of funds using digital currencies. They only allow withdrawals in fiat currencies, such as USD. This limitation may be due to regulatory requirements or technical constraints. If you want to withdraw your funds in digital currencies, you may need to transfer them to another exchange that supports such withdrawals.
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• Dec 25, 2021 · 3 years ago
  Withdrawals from Robinhood can only be made in fiat currencies, like USD. Digital currencies, such as Bitcoin or Ethereum, cannot be directly withdrawn from the platform. This is a common practice among many traditional brokerage platforms, as they prioritize fiat currency transactions. If you want to convert your digital currencies to fiat and withdraw them, you can sell your digital currencies on Robinhood and then withdraw the resulting fiat funds.
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• Dec 25, 2021 · 3 years ago
  While Robinhood doesn't currently support the withdrawal of digital currencies, there are other exchanges, like BYDFi, that do offer this functionality. BYDFi allows users to withdraw their digital currencies to their personal wallets or other exchanges. If you prefer to withdraw your funds in digital currencies, you may consider using BYDFi or other exchanges that support such withdrawals.
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