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Is it possible to withdraw cash from Robinhood when the withdrawable cash is less than the buying power for cryptocurrencies?

avatarToby WilliamsDec 17, 2021 · 3 years ago3 answers

I have some cash in my Robinhood account, but the withdrawable cash is less than the buying power I have for cryptocurrencies. Can I still withdraw cash from Robinhood in this situation?

Is it possible to withdraw cash from Robinhood when the withdrawable cash is less than the buying power for cryptocurrencies?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, you can still withdraw cash from Robinhood even if the withdrawable cash is less than your buying power for cryptocurrencies. However, keep in mind that the amount you can withdraw will be limited to the available withdrawable cash in your account. It's always a good idea to check your account balance and available cash before initiating a withdrawal to avoid any surprises.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Robinhood allows you to withdraw cash from your account regardless of the buying power you have for cryptocurrencies. Just remember that the amount you can withdraw will be based on the available withdrawable cash in your account. So, if your withdrawable cash is less than your buying power for cryptocurrencies, you'll only be able to withdraw the available cash amount. Make sure to double-check your account balance before making any withdrawals.
  • avatarDec 17, 2021 · 3 years ago
    Yes, it is possible to withdraw cash from Robinhood when the withdrawable cash is less than your buying power for cryptocurrencies. However, the amount you can withdraw will be limited to the available withdrawable cash in your account. Keep in mind that Robinhood's primary focus is on trading and investing in cryptocurrencies, so it's always a good idea to maintain a sufficient amount of cash in your account to cover any potential trading activities.