Crypto Robinhood: Have you ever wanted to transfer crypto to move it to another exchange? If you haven’t, then in today’s post we will be talking in-depth about how to transfer crypto from Robinhood to another exchange. This can be very helpful when you want to move holdings to another exchange or when you need to move to another exchange.
How to transfer crypto from Robinhood
At some point, you might want to transfer your crypto from Robinhood to a more secure wallet. Here’s what you need to do:
- First, uninstall Robinhood from your phone.
- Open the Robinhood app and sign out.
- Go to the Accounts tab and select the crypto account that you want to transfer.
- Select “transfer”
- Select the crypto wallet that you want to send the crypto to.
- Confirm that you want to transfer all available funds to the wallet.
- That’s it! You should see the crypto in your new crypto wallet in 24-48 hours.
How to Transfer from Robinhood to another exchange?
Crypto Robinhood has this policy of keeping assets safe, which means there are no withdrawals. The only way to transfer assets from Robinhood to another exchange is by transferring Robinhood assets to a separate exchange, and then from the separate exchange to the one, I’m listing below. I’m listing below several popular exchanges. We suggest Binance as most exchanges will not allow you to withdraw from their platform if you didn’t register with a government ID or a passport.
Transfer coins from Coinbase to Robinhood.
If you are a regular cryptocurrency trader, you are likely using Coinbase to purchase your coins, and then you move the coins to an exchange to sell them for a profit. While Coinbase is a great cryptocurrency exchange, there are also other exchanges that we traders can use to make other, higher profits. The problem is that Coinbase does not let you deposit coins other than Ethereum, Bitcoin, and Litecoin, which means that if you want to trade other coins, you need to move your coins to an exchange that supports the coins you want to trade. One of the most popular exchanges is Robinhood, which allows you to trade various coins for free. Unfortunately, the only way to transfer coins from Coinbase to Robinhood is by using another exchange, which can be expensive.
You can use a Bitcoin ATM to transfer your Bitcoin from Coinbase to Robinhood. These Bitcoin ATMs exist in many cities in the US. So when you want to transfer your Bitcoin from Coinbase to Robinhood, all you have to do is find a Bitcoin ATM in your city, transfer your Bitcoin from Coinbase to the Bitcoin ATM and use it to transfer to Robinhood.
Transfer coins from Binance to Robinhood.
If you are planning to exchange your crypto coins on Robinhood, let us know what smart-contract wallet are you using. You can transfer your coin from Binance to the smart-contract address of the wallet of Robinhood. However, you might need to record the Binance wallet address on the Robinhood account first.
Transfer coins from bitfinex to Robinhood.
Robinhood does not support any of the coins listed on Bitfinex. But, they do support Bitcoin for sure. If you transfer Bitcoin from Bitfinex to Robinhood, you will lose liquidity. The market for Bitcoin will be different when it shows up in Robinhood. Also, Robinhood does not have stop orders, so you have to have a certain amount of Bitcoin to buy altcoins. I recommend using GDAX. It is free to transfer Bitcoin from there to Robinhood.
Transfer coins from poloniex to Robinhood.
To transfer your coins from poloniex, you can follow these steps:
- Go to poloniex.com
- Click on Wallets
- Find your wallet and click on Withdraw
- Go to the field Withdrawal Address and insert the deposit address of the coin on Robinhood.
- Enter the number of coins you would like to withdraw and click submit.
- Confirm the withdrawal.
- Wait for the withdrawal to complete.
Transfer coins from kraken to Robinhood.
Kraken is an exchange. Crypto Robinhood is an investment platform. So there’s no direct way to transfer coins from Kraken to Robinhood. If you want to transfer your coins (or buy new coins) to Robinhood, you need to start by transferring your coins to an exchange like Bittrex or Coinbase, then transfer it to Robinhood from there.
Transfer coins from Gemini to Robinhood.
Just transferred some coins from Gemini to my Robinhood account. I used Gemini to buy BTC and then transferred it to my Robinhood account. I am not sure if this is the most efficient way to do it, but it worked for me. We already had a bitcoin (BTC) wallet on Gemini ( I used my bank account to fund it). I converted my BTC to ETH on Gemini. Then I sent it to my ETH wallet on my desktop. I then sent it to my ETH wallet on my Robinhood account (I used the same wallet on my desktop). It cost me about $0.30 (ETH transactions are quite cheap).
You can also see our related post to Safemoon crypto Robinhood
