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What is the process of withdrawing Bitcoin from Robinhood?

avatarMcCracken RavnDec 18, 2021 · 3 years ago1 answers

Can you explain the step-by-step process of withdrawing Bitcoin from Robinhood? I'm new to cryptocurrency and would like to understand how to transfer my Bitcoin from Robinhood to another wallet or exchange.

What is the process of withdrawing Bitcoin from Robinhood?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    Withdrawal process for Bitcoin on Robinhood is as follows: 1. Open the Robinhood app and navigate to the 'Investing' tab. 2. Select 'Bitcoin' from the list of available cryptocurrencies. 3. Tap on the 'Transfer' button. 4. Choose the 'Withdraw to External Wallet' option. 5. Enter the Bitcoin address of your external wallet. 6. Review the withdrawal details and confirm the transaction. 7. Wait for the withdrawal to be processed, which may take some time depending on network congestion. 8. Once the withdrawal is successful, you'll receive a confirmation notification. Please note that Robinhood charges a fee for Bitcoin withdrawals, so make sure to check their fee schedule before initiating the withdrawal. If you have any further questions, feel free to ask!