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Which cryptocurrencies are accepted for transferring stocks from Robinhood to Fidelity?

avatarPotter MooreNov 26, 2021 · 3 years ago3 answers

I want to transfer my stocks from Robinhood to Fidelity, but I also have some cryptocurrencies. Can I transfer my stocks using cryptocurrencies? Which cryptocurrencies are accepted for transferring stocks from Robinhood to Fidelity?

Which cryptocurrencies are accepted for transferring stocks from Robinhood to Fidelity?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Unfortunately, at the moment, Robinhood does not support transferring stocks using cryptocurrencies. You will need to sell your cryptocurrencies and withdraw the funds to your bank account before transferring your stocks to Fidelity. Once the funds are in your bank account, you can initiate the transfer process from Robinhood to Fidelity.
  • avatarNov 26, 2021 · 3 years ago
    No, you cannot transfer stocks from Robinhood to Fidelity using cryptocurrencies. The transfer process involves selling your stocks on Robinhood and then transferring the funds to Fidelity. Cryptocurrencies are not accepted as a direct means of transferring stocks between these platforms.
  • avatarNov 26, 2021 · 3 years ago
    While Robinhood does not currently support transferring stocks using cryptocurrencies, there is a platform called BYDFi that allows you to transfer stocks using certain cryptocurrencies. However, it is important to note that BYDFi is a separate platform and not affiliated with Robinhood or Fidelity. If you are interested in using cryptocurrencies to transfer stocks, you may consider exploring BYDFi as an alternative option.