On Robinhood wallet’s crypto detail page, you need to enter the amount. Then, you have to paste the address for the receiving wallet. Robinhood is growing as a trading platform. It is emerging itself in the world of cryptocurrency trade. Many cryptocurrency traders are attracting towards its user-friendly platform.
You might be thinking that buying and selling crypto on the Robinhood wallet is a little daunting. You might face issues if you are a new comer. However, later on, you will easily able to access all your assets. The below guide will help you in finding the details on how to send crypto from Robinhood.
Navigate the Endpoints
You first need to note that Robinhood wallet allows only trading option for your crypto assets. Hence, you can only to buy, sell, and hold cryptocurrencies on its platform. The platform does not allow you to withdraw the cryptocurrencies directly on external platforms. But, you can use the another platform which supports Robinhood deposits for sending your crypto.
Select the Destination
Now, the first step is your decision. This means you have to decide where you wish to send your crypto deposits. So, you can think for another trading exchange, or a hardware wallet (for long-term deposits). Also, you can send to your friend wallet, or any other destination of your choice.
Choose your Cryptocurrency
Now, you need to open the Robinhood wallet app on your device. Choose your desired crypto asset that you wish to send. Many popular crypto assets are present here, like Ethereum, Bitcoin, Dogecoin, and many others.
Click on the Cryptocurrency
Have you choosen the cryptocurrency that you like to send. Now, tap on the cryptocurrency’s name. The details for that cryptocurrency will get open.
Look for the “Transfer” Option
Browse and check the option for “Send” or “Transfer.” Mainly, you can find this option present on the cryptocurrency’s detail page. The icon for this contains an arrow pointing out of the box.
Enter the Receiving Wallet Address
Now a dialog box will get appear on your screen. Enter the amount details that you wish to transfer. After that, enter the destination address. After entering amount and address, double-check the details. For example, you are sending Bitcoin from your Robinhood wallet; ensure you enter the details for Bitcoin address.
Review and Confirm the Details
Do not finalize the transfer just after putting the details. First, review all the details carefully. Confirm that the destination address and the amount are correct. Now, if you are confident for every details, click on the Confirm tab.
Read Also: How to Get Robinhood Crypto Wallet?
Now, Robinhood wallet will process your crypto transfer request. Depending on network business, process time may vary. Be patient for the process time.
Check for the Endpoint (Destination)
After some time you will get the confirmation of the transferred crypto. Now, check with the receiving wallet for confirmation. But, you might need to wait again for the confirmation. It means once you will get the confirmation, you can use your available crypto.
Check for the Transfer Fees
As per the information, Robinhood does not charge any fees for transferring your cryptocurrencies. But, another platform might can ask for fees. Therefore, check all the details for the platform on which you are sending crypto assets from your Robinhood wallet.
Security Check
The first and the last thing for which you must be crucial is security factor. Therefore, you must be ensure that you are using the trusted destination wallet. Also, check that the address you are using for exchange is correct.
Read Also: How to Contact Robinhood Immediately for Urgent Support
In addition, do not forget to enable 2FA (two-factor authentication) on your Robinhood wallet platform. This adds an extra layer of protection.
Keep Records
The best practice of trading is keeping records. Hence, you must keep records for amounts send, the destination address, and time & date details for the amount you are transferring. This will help you in tracking all your spent assets. Also, you can use these digital currencies records for the tax reporting purposes.
Conclusion
You cannot withdraw your cryptocurrencies from your Robinhood wallet to external wallets. However, you can send your crypto assets from your Robinhood wallet to other platforms that supports Crypto deposits. All the details for the steps for this process are stated in the above post.
