How can I have 0 withdrawable cash on Robinhood for my cryptocurrency holdings?

3 answers

• Dec 18, 2021 · 3 years ago
  Having 0 withdrawable cash on Robinhood for your cryptocurrency holdings can be due to a few reasons. Firstly, make sure that you don't have any pending orders or unsettled trades, as these can tie up your cash. Additionally, check if you have any outstanding margin loans, as this can also affect your withdrawable cash. Another possibility is that you might have reached your maximum buying power limit, which restricts your ability to withdraw cash. Finally, it's worth noting that Robinhood might have certain restrictions or limitations on withdrawing cash for cryptocurrency holdings. It's always a good idea to reach out to their customer support for further clarification.
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• Dec 18, 2021 · 3 years ago
  If your withdrawable cash on Robinhood for your cryptocurrency holdings is showing as 0, it can be frustrating. One possible reason for this could be that you have recently made a deposit or a trade, and the funds haven't settled yet. Robinhood has a T+2 settlement period for stocks and cryptocurrencies, which means it takes two trading days for the funds to become available for withdrawal. Another reason could be that you have outstanding margin loans or borrowed funds, which can tie up your cash. To resolve this, you can either wait for the settlement period to pass or consider paying off your margin loans to free up your cash.
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• Dec 18, 2021 · 3 years ago
  If you're using BYDFi to hold your cryptocurrency, it's important to note that BYDFi is a decentralized exchange and operates differently from centralized exchanges like Robinhood. On BYDFi, you have full control over your funds, and there are no restrictions on withdrawable cash. However, it's crucial to ensure that you have sufficient gas fees and network congestion doesn't affect your transactions. BYDFi provides a user-friendly interface and allows you to interact directly with the blockchain, providing transparency and security for your cryptocurrency holdings.
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