How can I transfer stocks from Robinhood to Fidelity using cryptocurrency?

3 answers

• Dec 15, 2021 · 3 years ago
  Sure, transferring stocks from Robinhood to Fidelity using cryptocurrency is possible. Here's how you can do it: 1. Open an account with Fidelity and make sure you have a cryptocurrency wallet that supports the type of cryptocurrency you want to use. 2. Sell your stocks on Robinhood and convert the proceeds into cryptocurrency. Make sure to choose a reputable cryptocurrency exchange for this step. 3. Transfer the cryptocurrency from your exchange wallet to your personal cryptocurrency wallet. 4. Open your Fidelity account and navigate to the section for transferring assets. Look for the option to transfer in cryptocurrency. 5. Follow the instructions provided by Fidelity to complete the transfer. You may need to provide details about the cryptocurrency transaction, such as the wallet address and transaction ID. 6. Once the transfer is initiated, it may take some time for the transaction to be confirmed and the stocks to appear in your Fidelity account. Keep an eye on your Fidelity account to track the progress of the transfer. Please note that the process may vary depending on the specific cryptocurrency and the policies of Robinhood and Fidelity. It's always a good idea to reach out to their customer support for any specific instructions or assistance.
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• Dec 15, 2021 · 3 years ago
  Transferring stocks from Robinhood to Fidelity using cryptocurrency can be a convenient option for those who want to combine the benefits of both traditional stocks and digital assets. Here are the steps you can follow: 1. Open an account with Fidelity and ensure that you have a cryptocurrency wallet compatible with the cryptocurrency you want to use. 2. Sell your stocks on Robinhood and convert the proceeds into cryptocurrency. You can use a reputable cryptocurrency exchange for this purpose. 3. Transfer the cryptocurrency from your exchange wallet to your personal cryptocurrency wallet. 4. Log in to your Fidelity account and navigate to the asset transfer section. Look for the option to transfer using cryptocurrency. 5. Follow the instructions provided by Fidelity to complete the transfer. You may need to provide details such as the cryptocurrency wallet address and transaction ID. 6. Once the transfer is initiated, it may take some time for the transaction to be confirmed and for the stocks to appear in your Fidelity account. Keep an eye on your Fidelity account for updates on the transfer status. Remember to consider any fees or limitations associated with the transfer, as well as the tax implications of selling stocks and using cryptocurrency. It's always a good idea to consult with a financial advisor or tax professional for personalized advice.
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• Dec 15, 2021 · 3 years ago
  Transferring stocks from Robinhood to Fidelity using cryptocurrency is a great way to leverage the benefits of both traditional stocks and digital assets. While I cannot speak on behalf of BYDFi, I can provide you with some general steps to help you with the transfer: 1. Open an account with Fidelity and ensure that you have a cryptocurrency wallet that supports the specific cryptocurrency you want to use. 2. Sell your stocks on Robinhood and convert the proceeds into cryptocurrency. Choose a reputable cryptocurrency exchange for this step. 3. Transfer the cryptocurrency from your exchange wallet to your personal cryptocurrency wallet. 4. Log in to your Fidelity account and navigate to the asset transfer section. Look for the option to transfer using cryptocurrency. 5. Follow the instructions provided by Fidelity to complete the transfer. You may need to provide details such as the cryptocurrency wallet address and transaction ID. 6. After initiating the transfer, it may take some time for the transaction to be confirmed and for the stocks to appear in your Fidelity account. Keep an eye on your Fidelity account for updates on the transfer status. Please note that the process may vary depending on the specific cryptocurrency and the policies of Robinhood and Fidelity. It's always a good idea to reach out to their customer support for any specific instructions or assistance.
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