Can I transfer my existing cryptocurrency holdings to Robinhood app?

1 answers

• Dec 18, 2021 · 3 years ago
  Yes, you can transfer your existing cryptocurrency holdings to the Robinhood app. Robinhood allows you to deposit supported cryptocurrencies from external wallets. However, it's important to note that Robinhood operates as a custodial wallet, meaning that you won't have direct access to your private keys. If you're comfortable with this arrangement, you can follow these steps to transfer your cryptocurrencies to Robinhood: 1. Open the Robinhood app and go to the 'Account' tab. 2. Tap on 'Transfers' and select 'Deposit' or 'Withdraw' depending on whether you want to deposit or withdraw your cryptocurrencies. 3. Follow the instructions provided to connect your external wallet and initiate the transfer. 4. Wait for the transfer to be processed, which may take some time. Remember to check the list of supported cryptocurrencies on Robinhood before initiating the transfer.
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