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Only send crypto to your deposit address, which can be found by tapping Receive on each crypto detail page. Sending crypto to an incompatible address might result in a loss. Crypto can have different types of address formats depending on the receiving wallet.
Robinhood currently supports the following address formats for withdrawals. If you try to use an unsupported address format, your transaction will not be submitted. Byron wallet address formats that start with "Ae2" and "DdzFF," and Shelley wallet address formats that start with "addr1. We don't currently support P2SH addresses that begin with "3. This memo is provided by the receiving party. Only send crypto to the same blockchain for example, only bitcoin can be sent to a Bitcoin address.
Your deposit addresses can change for some of the crypto with Robinhood. We do this for privacy, so that a third party cannot easily associate your activity to your address. The following coin addresses change each time you send a deposit.
Unless otherwise indicated, all deposit addresses we provide to you are unique and will remain attributed to your account, meaning deposits sent to any previous deposit addresses will be credited if the deposit is accepted. However, we suggest using a new address for each deposit to Robinhood wherever possible for your financial privacy.
Any crypto deposited to these legacy addresses may not be recoverable. This is because of the unique account-based model shared by these blockchains. Get more information about address and QR code safety in Security best practices. Crypto transfers are irreversible and unauthorized activity can result in the loss of funds.
By following the tips above, you can reduce the risk of loss due to account security issues. Each blockchain transaction has a unique identifier otherwise known as a transaction hash TxID. When looking at your transaction hash, the most relevant pieces of information are:. The number of confirmations the transaction has received.
This is a key indicator of approximately how long it will take until your transaction is finalized. We require crypto deposits to reach a certain number of blockchain confirmations before being credited to your account. The recipients of the transaction.
If depositing crypto to Robinhood, one or more of the receiving addresses will be your address. If withdrawing, one or more of the receiving addresses will be the intended receiving party. The sender of the transaction.
If depositing crypto into Robinhood, this will be your crypto address or that of a third party. If you're withdrawing from Robinhood, the sending address will show up on the blockchain as a Robinhood managed crypto address. Never send crypto back to a Robinhood crypto address that you received a withdrawal from. If you send crypto back to that listed address, the crypto won't reach your account. The address shown there is part of a safeguard to protect your assets.
Check out Block Explorer Disclosure for details. Not all senders and recipients sometimes known as inputs and outputs of a blockchain transaction will be you.
Due to the way that many crypto trading platforms batch multiple withdrawals at a time, many transactions may be included in a single transaction hash. Robinhood requires crypto deposits to reach a certain number of references confirmations on the blockchain, before being credited to your account. Processing times for crypto deposits vary based on the type of crypto. The following lists the confirmation requirements by crypto type and an estimated completion time based on the respective blockchain.
The amount of confirmations required for a crypto deposit are subject to change. If you want to secure your own crypto and have your own private keys, you can send your coins to an external non-custodial wallet, like Robinhood Wallet. Keep in mind that keeping your private keys secure is incredibly importantï¿½if someone accesses your private keys, they can access your crypto. Any unsupported coins sent to a Robinhood crypto address may be lost with no way to reverse the transaction.
You should also avoid using the send address generated by Robinhood as a deposit address. For example, if you send BTC from your Robinhood account to a non-custodial wallet, the sender address used by Robinhood is associated with our operational crypto accounts and not necessarily your personal crypto account. If you try to send BTC back to that sender address, it might not be credited to your account.
When you receive crypto, the generated address is tied to only your account. However, every crypto transaction incurs a network feeï¿½sometimes called a miner fee or gas fee. You'll see what the network fee is before you finalize a send transaction. Once the transaction is verified, the coins will be credited to your account and you can sell, hold, or send them. Not at this time. If you want to participate in an airdrop, fork, or ICO, we recommend you send the associated coins to an external wallet that supports them.
No, you can't pay for the transfer using your ETH balance. We strongly recommend only transferring to addresses on the same network because you risk losing the crypto if the networks are not cross-compatible.
This is not investment advice, a recommendation, an offer to sell, or a solicitation of an offer to buy any security or crypto. Trading in crypto comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks.
In addition, crypto markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing.
Several federal agencies have also published advisory documents surrounding the risks of virtual currency. Getting started. My account and login. Buying and selling crypto. Crypto Account Funding. Buying a Cryptocurrency.
Selling a Cryptocurrency. Cryptocurrency education. Crypto Learn and Earn. Crypto transfers. Non-Custodial Wallet Waitlist. Crypto Order Routing. Crypto wallet availability may be subject to approval by regulators in certain states. Securities trading is offered to self-directed customers by Robinhood Financial. Explanatory brochure available upon request or at www.
Cryptocurrency trading is offered through an account with Robinhood Crypto. Please see the Fee Schedule. Robinhood Financial is currently registered in the following jurisdictions.
This is not an offer, solicitation of an offer, or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Robinhood Financial is not registered. Additional information about your broker can be found by clicking here. Margin trading involves interest charges and risks, including the potential to lose more than any amounts deposited or the need to deposit additional collateral in a falling market.
Before using margin, customers must determine whether this type of trading strategy is right for them given their specific investment objectives, experience, risk tolerance, and financial situation.
Investors should consider the investment objectives and unique risk profile of Exchange Traded Funds ETFs carefully before investing. ETFs are subject to risks similar to those of other diversified portfolios. Leveraged and Inverse ETFs may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. Although ETFs are designed to provide investment results that generally correspond to the performance of their respective underlying indices, they may not be able to exactly replicate the performance of the indices because of expenses and other factors.
A prospectus contains this and other information about the ETF and should be read carefully before investing. ETFs are required to distribute portfolio gains to shareholders at year end.
These gains may be generated by portfolio rebalancing or the need to meet diversification requirements. ETF trading will also generate tax consequences. Additional regulatory guidance on Exchange Traded Products can be found by clicking here.
Options transactions may involve a high degree of risk. Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns.
There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing.
WebSep 22, ï¿½ï¿½ Your crypto in one place with wallets: simple, secure, and low-cost Robinhood crypto wallets will allow you to move your crypto in and out of your app in a . WebRobinhood doesn't let you transfer "your" coins outside of their online wallet, so you can't use them for anything. It would be better to buy from an exchange that lets you transfer . WebYou can give eligible users cryptocurrencies that are available through Robinhood Crypto. Robinhood Crypto supports gifting, buying, selling, and real-time market data for: Bitcoin .