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Is it possible to transfer Bitcoin from Coinbase to Robinhood?

avatarDarkahDec 17, 2021 · 3 years ago3 answers

I'm wondering if it's feasible to transfer Bitcoin from Coinbase to Robinhood. Can I directly send my Bitcoin from Coinbase to my Robinhood account?

Is it possible to transfer Bitcoin from Coinbase to Robinhood?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, it is possible to transfer Bitcoin from Coinbase to Robinhood. However, you cannot directly send Bitcoin from Coinbase to Robinhood. You will need to sell your Bitcoin on Coinbase and then withdraw the funds to your bank account. Once the funds are in your bank account, you can transfer them to Robinhood and use the funds to buy Bitcoin again.
  • avatarDec 17, 2021 · 3 years ago
    No, you cannot transfer Bitcoin from Coinbase to Robinhood. Coinbase and Robinhood are separate platforms with their own wallets. If you want to move your Bitcoin from Coinbase to Robinhood, you will need to sell your Bitcoin on Coinbase, withdraw the funds to your bank account, and then use the funds to buy Bitcoin on Robinhood.
  • avatarDec 17, 2021 · 3 years ago
    Yes, you can transfer Bitcoin from Coinbase to Robinhood, but it's not a direct transfer. You will need to sell your Bitcoin on Coinbase, withdraw the funds to your bank account, and then use the funds to buy Bitcoin on Robinhood. However, I would recommend using a dedicated cryptocurrency exchange like BYDFi for trading Bitcoin, as it offers better security and more advanced trading features compared to Robinhood.