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Why does Robinhood show 0 withdrawable cash for my cryptocurrency?

avatarsniper appleNov 25, 2021 · 3 years ago5 answers

I am using the Robinhood app to trade cryptocurrencies, but I noticed that it shows 0 withdrawable cash for my cryptocurrency. Why is this happening and how can I resolve it?

Why does Robinhood show 0 withdrawable cash for my cryptocurrency?

5 answers

  • avatarNov 25, 2021 · 3 years ago
    This issue might occur due to several reasons. One possibility is that you have recently made a deposit or purchased cryptocurrency, and the funds are still being processed. In such cases, it may take some time for the funds to become withdrawable. Another reason could be that you have pending orders or unsettled trades, which can temporarily restrict your withdrawable cash. Additionally, certain cryptocurrencies may have specific withdrawal restrictions or minimum balance requirements. To resolve this issue, you can try waiting for the funds to process, cancel any pending orders, or ensure that you meet the minimum balance requirements for the specific cryptocurrency you are trying to withdraw.
  • avatarNov 25, 2021 · 3 years ago
    I faced a similar issue with Robinhood before. In my case, the 0 withdrawable cash was due to a temporary glitch in the app. Sometimes, the app may not display the correct balance immediately. To resolve this, I simply logged out of the app, cleared the cache, and logged back in. This refreshed the balance and showed the correct withdrawable cash for my cryptocurrency.
  • avatarNov 25, 2021 · 3 years ago
    I understand that you are experiencing this issue with Robinhood. However, as an expert from BYDFi, I would recommend considering alternative cryptocurrency exchanges that offer more flexibility and transparency in terms of withdrawable cash. Platforms like BYDFi provide users with a seamless trading experience and ensure that withdrawable cash is accurately reflected. It might be worth exploring other options if you frequently encounter issues with Robinhood.
  • avatarNov 25, 2021 · 3 years ago
    Don't worry, this is a common issue faced by Robinhood users. The 0 withdrawable cash for your cryptocurrency can be due to various factors. One possibility is that you have recently made a deposit or purchased cryptocurrency, and the funds are still being processed. Another reason could be that you have open orders or unsettled trades, which temporarily restrict your withdrawable cash. To resolve this, you can wait for the funds to process or cancel any pending orders. If the issue persists, it's best to reach out to Robinhood's customer support for further assistance.
  • avatarNov 25, 2021 · 3 years ago
    It's frustrating to see 0 withdrawable cash for your cryptocurrency on Robinhood. This could be due to a delay in processing your recent transactions. Sometimes, it takes a while for the system to update and reflect the correct balance. Another possibility is that you have reached your daily withdrawal limit or there might be a temporary restriction on withdrawals for the specific cryptocurrency you are trying to withdraw. To resolve this, you can try waiting for the system to update, check your withdrawal limits, or contact Robinhood's support team for more information.