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Is it possible to transfer my Robinhood stocks to Fidelity and then use the funds to buy cryptocurrencies?

avatarabdalaziz Ahmad abdDec 15, 2021 · 3 years ago3 answers

I currently have stocks in my Robinhood account and I'm wondering if it's possible to transfer those stocks to Fidelity and then use the funds to buy cryptocurrencies. Can I transfer my stocks from Robinhood to Fidelity and use the proceeds to invest in cryptocurrencies?

Is it possible to transfer my Robinhood stocks to Fidelity and then use the funds to buy cryptocurrencies?
Robinhood
Fidelity
Stocks

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, it is possible to transfer your stocks from Robinhood to Fidelity. However, once the stocks are transferred to Fidelity, you cannot directly use the funds to buy cryptocurrencies. Fidelity does not currently offer direct cryptocurrency trading. You would need to sell your stocks and then use the proceeds to buy cryptocurrencies on a different platform.
  • avatarDec 15, 2021 · 3 years ago
    Absolutely! You can transfer your stocks from Robinhood to Fidelity and then use the funds to invest in cryptocurrencies. Fidelity offers a wide range of investment options, including access to various cryptocurrencies. Once your stocks are transferred, you can sell them and use the proceeds to buy cryptocurrencies through Fidelity's platform.
  • avatarDec 15, 2021 · 3 years ago
    While it is possible to transfer your stocks from Robinhood to Fidelity, Fidelity itself does not offer direct cryptocurrency trading. However, you can transfer your stocks to Fidelity and then use the proceeds to invest in cryptocurrencies through other platforms. For example, you can transfer your funds to BYDFi, a popular cryptocurrency exchange, and buy cryptocurrencies there.

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