Are there any limitations or restrictions when using debit cards on Robinhood for cryptocurrency transactions?

1 answers

• Mar 18, 2022 · 3 years ago
  As a representative of BYDFi, I can provide some insights into the limitations and restrictions when using debit cards on Robinhood for cryptocurrency transactions. Firstly, Robinhood currently supports a limited number of cryptocurrencies, so you may not be able to trade all the cryptocurrencies you want. Additionally, there may be limits on the amount you can deposit or withdraw using a debit card. These limits can vary depending on your account status and the specific debit card you are using. It's also important to note that some banks may have their own restrictions or fees when it comes to using debit cards for cryptocurrency transactions. Therefore, it's recommended to check with your bank and Robinhood's support team for more information on any specific limitations or restrictions that may apply to your account.
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