common-close-0
BYDFi
Trade wherever you are!

Can I transfer my Ethereum from Robinhood to an external wallet?

avatarJolene BradfordDec 18, 2021 · 3 years ago3 answers

I would like to know if it's possible to transfer my Ethereum holdings from Robinhood to an external wallet. Can I move my Ethereum out of Robinhood and store it in a different wallet?

Can I transfer my Ethereum from Robinhood to an external wallet?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, you can transfer your Ethereum from Robinhood to an external wallet. It's important to note that Robinhood is a custodial wallet, which means they hold your private keys on your behalf. To transfer your Ethereum, you'll need to set up an external wallet and then initiate a withdrawal from Robinhood to your wallet's address. Make sure to double-check the address before confirming the transfer to avoid any mistakes.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! You have the freedom to move your Ethereum from Robinhood to an external wallet. By transferring your Ethereum to an external wallet, you gain full control over your private keys and can ensure the security of your funds. Just follow the steps provided by your chosen wallet provider to generate a wallet address and initiate the transfer from Robinhood. Keep in mind that there may be transaction fees involved in the transfer process.
  • avatarDec 18, 2021 · 3 years ago
    Yes, you can transfer your Ethereum from Robinhood to an external wallet. However, please note that as of now, BYDFi does not support direct transfers from Robinhood. You will need to withdraw your Ethereum from Robinhood to a supported exchange or wallet, and then transfer it to your external wallet. Make sure to follow the withdrawal instructions provided by Robinhood and the receiving platform to ensure a smooth transfer process.