common-close-0
BYDFi
Trade wherever you are!

Can I send money to Robinhood through wire transfer and use it to purchase cryptocurrencies?

avatarmohit pantDec 17, 2021 · 3 years ago3 answers

Is it possible to transfer money to Robinhood using wire transfer and then use that money to buy cryptocurrencies?

Can I send money to Robinhood through wire transfer and use it to purchase cryptocurrencies?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, you can send money to Robinhood through wire transfer and use it to purchase cryptocurrencies. After transferring the funds to your Robinhood account, you can navigate to the cryptocurrency section and select the cryptocurrency you want to buy. Make sure you have enough funds in your account to cover the purchase.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! You can easily transfer money to Robinhood via wire transfer and then use it to buy cryptocurrencies. Just make sure you have a verified Robinhood account and follow the instructions provided by Robinhood to complete the wire transfer. Once the funds are in your account, you can start investing in cryptocurrencies.
  • avatarDec 17, 2021 · 3 years ago
    Sure thing! Sending money to Robinhood through wire transfer is a viable option for purchasing cryptocurrencies. Simply initiate a wire transfer to your Robinhood account, wait for the funds to be credited, and then you can use the available balance to buy your desired cryptocurrencies. Remember to check the fees and any specific requirements set by Robinhood for wire transfers.