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Can I transfer Bitcoin from Robinhood to Charles Schwab?

avatarSANDRA VINAYANDec 16, 2021 · 3 years ago3 answers

Is it possible to transfer Bitcoin from my Robinhood account to my Charles Schwab account? I'm interested in moving my Bitcoin holdings to Charles Schwab for better security and management. Can I do this directly or do I need to go through a different process?

Can I transfer Bitcoin from Robinhood to Charles Schwab?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Unfortunately, as of now, Robinhood does not support transferring Bitcoin to external wallets or platforms. You can only buy, sell, and hold Bitcoin within the Robinhood app. If you want to transfer your Bitcoin to Charles Schwab, you'll need to sell your Bitcoin on Robinhood and then transfer the funds to your Charles Schwab account. From there, you can use the funds to buy Bitcoin or other cryptocurrencies on Charles Schwab's platform.
  • avatarDec 16, 2021 · 3 years ago
    No, you cannot transfer Bitcoin directly from Robinhood to Charles Schwab. Robinhood is a cryptocurrency exchange platform that allows you to buy, sell, and hold Bitcoin, but it does not support external transfers. If you want to move your Bitcoin to Charles Schwab, you'll need to sell your Bitcoin on Robinhood and then transfer the funds to your Charles Schwab account. Once the funds are in your Charles Schwab account, you can use them to buy Bitcoin or other cryptocurrencies on their platform.
  • avatarDec 16, 2021 · 3 years ago
    Yes, you can transfer Bitcoin from Robinhood to Charles Schwab, but you'll need to go through a different process. First, you'll need to sell your Bitcoin on Robinhood and convert it to cash. Then, you can transfer the cash from your Robinhood account to your Charles Schwab account. Once the cash is in your Charles Schwab account, you can use it to buy Bitcoin or other cryptocurrencies on their platform. Keep in mind that there may be fees and taxes associated with selling and transferring Bitcoin.