What is the process for withdrawing money from Robinhood using cryptocurrency?
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Can you explain the step-by-step process of withdrawing money from Robinhood using cryptocurrency? I'm interested in knowing how to convert my cryptocurrency holdings into cash and transfer it to my bank account.
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1 answers
- Withdrawing money from Robinhood using cryptocurrency is a straightforward process. Here's how you can do it: 1. Open the Robinhood app on your device. 2. Tap on the 'Account' tab at the bottom of the screen. 3. Scroll down and tap on 'Transfer to Your Bank' under 'Quick Actions'. 4. Select the cryptocurrency you want to withdraw from the list. 5. Enter the amount you want to withdraw and tap on 'Review'. 6. Review the details and tap on 'Submit'. 7. Wait for the transaction to be processed. 8. Once the transaction is completed, the cryptocurrency will be converted into cash. 9. The cash will be transferred to your linked bank account. Please note that the withdrawal process may take some time depending on network congestion and other factors. Make sure to double-check the details before submitting the withdrawal request.
Dec 18, 2021 · 3 years ago
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