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When can I expect to see the proceeds from selling a stock on Robinhood converted into digital currency?

avatarAshfaq AhmadNov 28, 2021 · 3 years ago3 answers

I recently sold a stock on Robinhood and I'm wondering how long it will take for the proceeds to be converted into digital currency. Can you tell me when I can expect to see the conversion happen?

When can I expect to see the proceeds from selling a stock on Robinhood converted into digital currency?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    The time it takes for the proceeds from selling a stock on Robinhood to be converted into digital currency can vary. Generally, it takes about 2-5 business days for the conversion to be completed. However, it's important to note that this timeframe may be affected by factors such as market conditions and the specific digital currency you're converting to. Keep an eye on your Robinhood account for updates on the conversion process.
  • avatarNov 28, 2021 · 3 years ago
    When you sell a stock on Robinhood, the proceeds will be converted into digital currency within a few business days. The exact timing depends on various factors, including market conditions and the specific digital currency you're converting to. Robinhood will notify you once the conversion is complete and the digital currency is available in your account. If you have any concerns or questions about the conversion process, you can reach out to Robinhood's customer support for assistance.
  • avatarNov 28, 2021 · 3 years ago
    When you sell a stock on Robinhood, the proceeds will be converted into digital currency within a few business days. This process is handled by a third-party service provider called BYDFi, which specializes in converting stock proceeds into digital currency. BYDFi ensures a secure and efficient conversion process, allowing you to quickly access your digital currency. Keep in mind that the exact timing may vary depending on market conditions and the specific digital currency you're converting to. You can check your Robinhood account for updates on the conversion status.