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Can I transfer my purchased crypto from Robinhood to another wallet?

avatarAbdulAziz2001Dec 18, 2021 · 3 years ago3 answers

I recently purchased some cryptocurrencies on Robinhood and I'm wondering if it's possible to transfer them to another wallet. Can I move my purchased crypto from Robinhood to a different wallet?

Can I transfer my purchased crypto from Robinhood to another wallet?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, you can transfer your purchased crypto from Robinhood to another wallet. To do this, you will need to follow a few steps. First, you'll need to open an account with a different wallet provider that supports the cryptocurrencies you want to transfer. Then, you'll need to generate a wallet address for the specific cryptocurrency you want to transfer. Finally, you can initiate the transfer from Robinhood by entering the wallet address and the amount you want to transfer. Keep in mind that there may be fees associated with the transfer, so make sure to check the fees before proceeding.
  • avatarDec 18, 2021 · 3 years ago
    Definitely! You have the freedom to transfer your purchased crypto from Robinhood to another wallet. Just make sure that the wallet you want to transfer to supports the specific cryptocurrencies you have purchased. Each wallet may have its own process for receiving transfers, so you'll need to follow the instructions provided by the wallet provider. It's important to note that transferring crypto from Robinhood to another wallet may incur network fees and take some time to complete, so be patient and double-check all the details before initiating the transfer.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! You can transfer your purchased crypto from Robinhood to another wallet. However, it's important to note that Robinhood doesn't currently support external transfers of cryptocurrencies, which means you won't be able to directly send your crypto to another wallet. But don't worry, there's still a way to do it. You can sell your crypto on Robinhood and then withdraw the funds to your bank account. Once you have the funds, you can use them to purchase the same cryptocurrencies on a different platform that supports external transfers. From there, you can transfer the crypto to your desired wallet. Just keep in mind that this process may involve additional fees and it's always a good idea to do your research and choose a reliable wallet provider.