Crypto transfers
Transferring crypto into and out of your Robinhood Crypto account is fast and easy. You can consolidate your coins into one account so it’s easier to track your portfolio, move supported coins into your Robinhood account so you can trade those coins without commission, and more. When it comes to crypto, it’s important that you—and only you—can transfer coins into or out of your Robinhood Crypto account. To enable crypto transfers, you’ll need to verify your identity and add two-factor authentication to your account. After you complete those steps, it can take up to 5 business days to review your info and enable crypto transfers with Robinhood.
Verify your identity
You’ll need to verify your identity with:
Add two-factor authentication
Two-factor authentication (2FA) provides an additional layer of security to your account. 2FA makes it much harder for attackers to gain access to both of these, which helps protect you in case an attacker learns your password. 2FA is more secure because it requires 2 sources of verification: Something you know (your password) and something you have (the code you generate or receive on your device)
How to send crypto
Transfer limits, fees, and timing
Transfer limits: Transfer limits are determined by individual customer accounts and can vary based on the account's activity. To stay informed about your specific account limits, you can refer to the limits hub within your app. Your account's limits will determine the maximum dollar amount and the number of transfers allowed within a 24-hour period. Crypto bought on Robinhood using Instant cannot be withdrawn until those transactions settle, which can take approximately up to 5 business days. Transfer fees: Every on-chain crypto transaction incurs a network fee— sometimes called a miner fee or gas fee. The amount of the fee depends on, among other things, the coin and how many other transactions are happening on the coin’s network. We’ll always let you know what the network fee estimate is before you finalize a transfer out of your Robinhood Crypto account. When you send a coin on Robinhood, we’ll estimate the network fee and add it to the amount you want to send. For example, if you send 100 DOGE and the network fee is 1 DOGE, a total of 101 DOGE is then sent to the network. When you select the Send All option, the estimated network fee will be deducted from the total amount you send. For example, if you send all 100 DOGE in Robinhood Crypto account and the network fee is 1 DOGE, the recipient address will receive 99 DOGE. We don’t charge any extra fees to receive crypto. ERC-20 transfer fees: You can transfer supported ERC-20 tokens, such as Chainlink (LINK), Compound (COMP), Shiba Inu (SHIB), Uniswap (UNI), and USDC (USDC). When withdrawing ERC-20 tokens on the Ethereum blockchain, you pay the network fee in Ether (ETH). However, with Robinhood, you don’t need an ETH balance to complete an ERC-20 token transfer. Robinhood automatically calculates the ETH equivalent and debits your ERC-20 token balance directly. We’ll estimate the network fee and add it to the amount you want to send. Timing: We require a certain number of network confirmations before crypto is credited to your Robinhood account. The number of confirmations may vary depending on, among other things, network conditions. Under ordinary conditions, this process can take up to a few hours. We also review each transfer for security and safety reasons, which typically takes just a few minutes but on rare occasions it could take longer. We'll let you know in the app as soon as your crypto is available.
Keep in mind
Never send crypto back to a Robinhood address you received it from. The crypto address we use for withdrawals is not the same as your deposit address. Only send crypto to your deposit address, which can be found by selecting Receive on each crypto detail page. Sending crypto to an incompatible address might result in a loss.
How to receive crypto
To transfer crypto into your Robinhood account: You can receive the following coins currently in Robinhood: Make sure you only transfer the coins listed above—any unsupported coins sent to your Robinhood account may be lost and the transactions are irreversible. This includes ERC-20 tokens and NFTs sent to a Robinhood Ethereum address. *Not available for trading in New York. USDC is not available for trading in New York or Texas. IMPORTANT: Addresses on different networks might not be cross-compatible. Before transferring, always confirm that the address and network match, and that the platform receiving the funds supports the network they are sent on.Supported coins
Keep in mind
Never send crypto back to a Robinhood address you received it from. The crypto address we use for withdrawals is not the same as your deposit address. Only send crypto to your deposit address, which can be found by selecting Receive on each crypto detail page. Sending crypto to an incompatible address might result in a loss.
Supported address formats for crypto withdrawals
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 won't be submitted. We’re working on adding support for additional address types. Avalanche (AVAX): We currently support Avalanche addresses with a C-Chain (Contract Chain) address starting with an “0x”. We don't support addresses from the X-Chain (Exchange Chain) or P-Chain (Platform Chain). Bitcoin (BTC): We currently support Bitcoin address formats that start with a “1” (P2PKH), “3” (P2SH) and “bc1q" (Native SegWit/Bech32). We don't currently support lightning network transactions or address formats that start with “bc1p” (taproot). Bitcoin Cash (BCH): We currently support Bitcoin Cash address formats that start with a “1” (Legacy P2PKH), or “q” (Cashaddr P2PKH). Dogecoin (DOGE): We currently support Dogecoin addresses that start with “D” (P2PKH). Ethereum (ETH), Aave (AAVE), Chainlink (LINK), Compound (COMP), Shiba Inu (SHIB), Uniswap (UNI), and USDC (USDC): We currently support withdrawals to Ethereum addresses (EOA) and contract addresses (smart contracts). Ethereum Classic (ETC): We currently support Ethereum Classic addresses that start with “0x” but note that we don't currently support Ethereum Classic withdrawals to smart contracts. If you attempt to withdraw ETC to a smart contract you’ll receive an unsupported address error even if the address starts with “0x.” Litecoin (LTC): We currently support Litecoin address formats that start with an “L” (P2PKH), “M” (P2SH), and “ltc1" (Native SegWit/Bech32). We don't currently support P2SH addresses that begin with "3.” Stellar Lumens (XLM): If a Stellar address begins with a “G” then it's a standard address, in need of a separate memo for custodial accreditation of funds. This memo is provided by the receiving party. Unfortunately, if the address starts with “M” it's a muxed account with the ID included in the address, this address typo isn't currently supported for Stellar withdrawals by Robinhood. Tezos (XTZ): We currently support Tezos address formats that start with a “tz”. USDC (USDC): We currently support Ethereum, Solana, and native USDC addresses.
Keep in mind
Only send crypto to the same blockchain (for example, only bitcoin can be sent to a Bitcoin address). In practice, Bitcoin (BTC) and Bitcoin Cash (BCH) share some of the same address formats, but sending bitcoin to a Bitcoin Cash address will likely result in a loss of funds.
Tips for staying safe when transferring crypto
Keep in mind
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.
Reading your transaction in a block explorer
Each blockchain transaction has a unique identifier otherwise known as a transaction hash (TxID). When transferring crypto, we’ll provide you with a link that allows you to see the status of your transaction on the blockchain. This link goes to a third-party block explorer—a website that allows you to view your transactions’ live status on the blockchain. When navigating a block explorer, you’ll want to make sure that the transaction hash you want to search matches the one shown on the explorer (if you select a block explorer link from Robinhood, your transaction will automatically be populated). 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.
Keep in mind
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.
Crypto deposit processing times
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.
Note
The amount of confirmations required for a crypto deposit are subject to change. The actual processing times can vary from their estimates depending on the network’s status.
FAQ
Which states have access to Robinhood Crypto transfers?
Robinhood Crypto transfers are currently available in every US state and the District of Columbia, except for Hawaii and New York.
Do I have access to my private keys?
No. Our corporate crypto addresses secure all of our customers’ coins, so we don’t provide customers with the private keys to those addresses.
How can I get my own keys?
If you want to secure your own crypto and have your own private keys, you can send your coins to an external self-custody wallet, like Robinhood Wallet. Keep in mind that keeping your private keys secure is incredibly important—if someone accesses your private keys, they can access your crypto. If you forget or lose your private keys, there’s almost no way to recover them.
What happens if I send crypto that isn’t supported on Robinhood?
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.
Can I reuse crypto addresses?
When you receive crypto, the generated address is tied to only your account. While it’s possible to reuse that wallet address for future transactions (excluding deprecated addresses), we recommend requesting and using a new address each time you receive crypto.
Is there a fee to send crypto?
We don’t charge any extra fees to send or receive crypto. However, every crypto transaction incurs a network fee—sometimes called a miner fee or gas fee. The fee amount depends on the coin and how many other transactions are happening on the coin’s network. You'll see what the network fee is before you finalize a send transaction. Robinhood doesn't get any of the network fee—100% of that fee is collected by the crypto network that facilitates the transfer. We’ll estimate the network fee and add it to the amount you want to send, except when using the Send All function, in which case the fee will be deducted from the total amount sent.
How are my limits determined and how can I view them?
You can view your crypto transfer limits at any time within your app. Just go to Account (person icon) → Menu (3 bars) → Crypto. Please be aware, purchase and deposit limits may vary depending on your recent account activity and are subject to change daily.
How can I increase my limits?
Your crypto transfer limits are determined by your account's specific activity and, currently, can’t be manually increased.
Why did my deposit address change?
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. As of March 17, 2023, we no longer support crypto deposit addresses generated before August 1, 2022 for BTC, BCH, DOGE, ETC, and LTC. Any crypto deposited to these legacy addresses may not be recoverable. For ERC20 and ETH your deposit address won't change. 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.
Can I sell crypto that I receive into my Robinhood account?
Yes. Once the transaction is verified, the coins will be credited to your account and you can sell, hold, or send them.
Do you support NFTs?
Not at this time. Any NFTs sent to a Robinhood Ethereum address may be lost and unrecoverable.
Do you support airdrops or forks?
Not at this time. If you want to participate in an airdrop or fork, we recommend you send the associated coins to an external wallet that supports them.
Do I need to hold Ether (ETH) to withdraw ERC-20 tokens from my account?
For ERC-20 tokens, such as Chainlink (LINK), Compound (COMP), Shiba Inu (SHIB), Uniswap (UNI), and USDC (USDC) you don’t need to hold Ether in your account balance to cover the network fee. Robinhood automatically calculates the ETH equivalent and debits your ERC-20 token balance directly.
Can I pay for the transfer using my ETH balance?
No, you can't pay for the transfer using your ETH balance.
Disclosures
This isn't investment advice, a recommendation, an offer to sell, or a solicitation of an offer to buy any security or crypto. Cryptocurrency trading services are offered through an account with Robinhood Crypto (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Our list of licenses has more information. 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 aren't 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. For more information, review the Robinhood Crypto Risk Disclosure, the CFPB's Consumer Advisory, the CFTC’s Customer Advisory, the SEC’s Investor Alert, and FINRA’s Investor Alert.
Was this article helpful?
Reference No. 3372172
Still have questions? Contact Robinhood Support
