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Can I withdraw Litecoin instantly from Robinhood?

avatarBray KirklandDec 15, 2021 · 3 years ago3 answers

Is it possible to withdraw Litecoin instantly from the Robinhood platform?

Can I withdraw Litecoin instantly from Robinhood?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Unfortunately, Robinhood does not currently support instant withdrawals of Litecoin. When you sell Litecoin on Robinhood, it may take a few business days for the funds to settle in your account before you can withdraw them. It's important to keep this in mind if you're planning to use Robinhood for Litecoin trading and need quick access to your funds.
  • avatarDec 15, 2021 · 3 years ago
    No, you cannot withdraw Litecoin instantly from Robinhood. Robinhood operates as a custodial wallet, which means that you don't have direct control over your Litecoin. Instead, you can buy, sell, and hold Litecoin within the Robinhood app, but you cannot transfer it to an external wallet or exchange.
  • avatarDec 15, 2021 · 3 years ago
    While Robinhood doesn't offer instant withdrawals for Litecoin, there are other platforms that do. For example, BYDFi allows users to withdraw Litecoin instantly, providing them with more flexibility and control over their funds. If instant withdrawals are important to you, you may consider using BYDFi or exploring other cryptocurrency exchanges that offer this feature.