Table Of Content
Robinhood now allows crypto transfers, making it easier to move assets like Bitcoin or Ethereum to external wallets.
Whether you're planning to self-custody or use another trading platform, understanding the process—and the limitations—is essential before initiating a withdrawal.
Transfer Bitcoin from Robinhood to an External Wallet
Transferring Bitcoin from Robinhood involves a few key steps to ensure security and accuracy.
Enable Crypto Transfers in Settings: Go to your Robinhood app settings and verify your identity. You'll need to enable crypto withdrawals and set up two-factor authentication.
Confirm Wallet Address Compatibility: Use a Bitcoin address from a supported wallet (like Ledger, Trezor, or Coinbase). Robinhood doesn’t support sending to incompatible or unsupported networks.
Initiate the Withdrawal: Select Bitcoin from your crypto holdings, tap “Send,” enter the wallet address, and specify the amount. Double-check everything before confirming.
Review Fees and Network Status: Robinhood covers network fees, but congestion can cause delays. You’ll see an estimated arrival time before submitting.
Track the Transfer Status: Once submitted, you can monitor the transaction’s progress on Robinhood. For transparency, Robinhood provides the transaction hash you can track on a blockchain explorer.
How to Transfer Ethereum, Dogecoin, and Other Cryptos?
The process for Ethereum, Dogecoin, and supported altcoins is similar, but it’s important to be aware of token-specific requirements.
Check Supported Networks: For example, Ethereum must be sent to an ERC-20 compatible address, while Dogecoin needs a native Dogecoin wallet. Using the wrong network can result in permanent loss.
Verify Transfer Limits: Robinhood enforces a daily withdrawal limit and withdrawal cap which can change based on your account. Larger transfers may require multiple days.
Prepare Your External Wallet: Whether you're using MetaMask, Trust Wallet, or a hardware device, ensure it's ready to receive the specific coin and that you control the private key.
Send and Monitor the Transfer: Choose the asset, tap “Send,” and follow on-screen instructions. Robinhood will notify you once the transaction is confirmed and sent to the blockchain.
What Are the Fees and Limits for Withdrawing Crypto?
Robinhood does not charge any extra fees to send or receive crypto.
However, like all blockchain transactions, a network (miner or gas) fee applies, which depends on the specific coin and the current activity on that blockchain.
This fee is automatically estimated and shown to you before confirming a transfer.
When using the “Send All” option, the fee is deducted from your total balance. For ERC-20 tokens, you don’t need ETH to pay gas—Robinhood debits the token directly.
Withdrawal limits vary by user and depend on your verification level and transaction history. You can check or monitor your personal limits in the app.
-
How Long Do Robinhood Crypto Transfers Take?
After you’ve completed identity verification, it can take up to five business days for Robinhood to enable crypto transfers on your account.
Once transfers are active, most withdrawals are processed within minutes, though some may take longer depending on network congestion and security reviews.
Robinhood also requires a certain number of network confirmations before crediting deposits or finalizing withdrawals—this varies by asset.
Reasons Why Crypto Withdrawals May Fail on Robinhood
Sometimes, withdrawals don’t go through—here’s why. Robinhood reviews each transfer for compliance and safety, and several triggers can cause a hold or rejection.
Uncleared funds: Crypto bought with instant bank transfers may be locked until the deposit clears.
Bonus or promotional funds: Coins bought using Robinhood’s bonus campaigns (like ACATS rewards) may be restricted during the holding period.
Network or address issues: Attempting to send crypto to an unsupported address format (e.g., Taproot BTC or Lightning Network) can cause the transaction to be blocked.
Exceeded limits: Daily withdrawal limits apply— depending on account status.
To avoid issues, always verify address compatibility and funding source before initiating a transfer.
How to Check the Status of a Robinhood Crypto Transfer
After you send crypto, Robinhood gives you a transaction hash (TxID) that you can use to track the progress on a block explorer.
Open the crypto’s detail page, then tap on the withdrawal record to view its TxID.
Select the provided link to view the live status on a third-party blockchain explorer like Etherscan or Blockchair.
Look for the number of confirmations—this shows how far along your transaction is in the validation process.
If you don’t see movement within an hour (especially for major coins like BTC or ETH), Robinhood may still be completing internal security reviews.
These tools let you independently monitor blockchain activity and confirm delivery, even before Robinhood marks it complete.
