common-close-0
BYDFi
Trade wherever you are!

Are there any restrictions or limitations on cash withdrawals from Robinhood for cryptocurrency transactions?

avatarJulia IgnacykDec 18, 2021 · 3 years ago1 answers

What are the restrictions or limitations on cash withdrawals from Robinhood for cryptocurrency transactions? Can I withdraw any amount of cash from my Robinhood account? Are there any fees or minimum withdrawal amounts? How long does it take to process a cash withdrawal from Robinhood?

Are there any restrictions or limitations on cash withdrawals from Robinhood for cryptocurrency transactions?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    When it comes to cash withdrawals from Robinhood for cryptocurrency transactions, there are a few things to keep in mind. Firstly, you can only withdraw cash from your Robinhood account after selling your cryptocurrency holdings. The amount you can withdraw depends on the available funds in your account and any minimum withdrawal requirements set by Robinhood. It's important to note that Robinhood may charge fees for cash withdrawals, so it's a good idea to review their fee schedule. The processing time for cash withdrawals can vary, but it generally takes a few business days for the funds to be transferred to your bank account. If you have any specific questions or concerns about cash withdrawals from Robinhood, it's best to reach out to their customer support for assistance.