The basic steps to withdraw crypto from Robinhood

To withdraw cryptocurrency from Robinhood, you convert your holdings to cash in the app, then transfer that cash to your linked bank account. Robinhood does not let you send crypto directly to an external wallet — you must sell first, wait for the cash to settle, and then move the dollars out.

The process takes three to five business days total. The crypto sells when ready when you place the order, but the cash takes one to two business days to settle in your Robinhood account, and then another one to three business days to reach your bank depending on your bank's processing speed.

You can only withdraw to a bank account you have already linked to your Robinhood account. If you have not linked one yet, you will need to add it before you can move money out.

Key Takeaways

  • Robinhood requires you to sell crypto to cash before withdrawing — you cannot send coins directly to an external wallet.
  • The entire process from sale to bank deposit takes three to five business days because of settlement delays on both Robinhood's side and your bank's side.
  • You can only withdraw to a bank account linked to your Robinhood account, and you must have verified that account before the withdrawal goes through.
  • Robinhood charges no withdrawal fee, but your bank may charge a fee for incoming transfers depending on your account type.

Step-by-step: selling crypto and moving the cash

Open the Robinhood app and navigate to the crypto holdings tab. Find the cryptocurrency you want to withdraw and tap it to open the position details.

Tap the sell button. Enter the amount you want to sell — you can sell a partial position or all of it. Review the price and confirm the sale. The order executes when ready at the market price shown.

Once the sale is complete, the cash appears in your Robinhood account as "Buying Power" or "Cash Available to Withdraw" depending on your account type. This cash is now settled and ready to move, though Robinhood may hold it for one to two business days before allowing withdrawal.

Go to the Account tab, select Transfers, and choose Withdraw. Select your linked bank account and enter the amount. Confirm the withdrawal. Robinhood will send the cash to your bank, which typically takes one to three business days to arrive.

Why Robinhood does not support direct crypto transfers

Robinhood's crypto offering is a custodial service, meaning Robinhood holds the actual coins in its own wallets on your behalf. You own the crypto, but you do not control the private keys or the wallet address. This is different from a non-custodial exchange where you can send coins to your own external wallet.

This setup means Robinhood can offer crypto trading to US customers without the regulatory complexity of letting users hold private keys. The trade-off is that you cannot move coins out directly — you must convert to cash first.

If you need to send crypto to another wallet or exchange, you will have to sell on Robinhood, withdraw the cash to your bank, and then buy the same crypto on a different platform that supports withdrawals to external wallets.

Settlement timing: when your cash actually arrives

The sale itself is when ready — when you hit confirm, the order executes at the current market price. But the cash does not when ready appear as withdrawable funds.

Robinhood holds the proceeds for one to two business days while the transaction settles on the blockchain and in their internal systems. During this time, the cash shows in your account but may be marked as "unsettled" or unavailable for withdrawal.

Once Robinhood releases the cash, you initiate the withdrawal to your bank. Your bank then takes one to three business days to process the incoming transfer, depending on whether it is a same-day ACH transfer, a standard ACH transfer, or a wire. Most Robinhood withdrawals go through as standard ACH, which takes one to three business days.

Weekends and holidays extend these timelines. If you sell on a Friday afternoon, the cash may not settle until Tuesday, and your bank may not receive it until Thursday or Friday.

Linked bank accounts and verification requirements

Before you can withdraw, your bank account must be linked to Robinhood and verified. Robinhood verifies accounts by depositing two small amounts (usually under one dollar each) into your account and asking you to confirm the exact amounts.

This verification process takes one to two business days. If you have not yet linked your bank account, add it in the Account settings under Transfers, then wait for the verification deposits to arrive before attempting a withdrawal.

You can link multiple bank accounts to Robinhood, but each one must be verified separately. Once verified, you can withdraw to any of them.

Fees and limits on withdrawals

Robinhood charges no fee to withdraw cash from your account. However, your bank may charge a fee for receiving an ACH transfer, depending on your account type and bank. Check your bank's fee schedule or contact them directly if you are unsure.

Robinhood does not publish a maximum withdrawal amount, but your bank may have limits on how much it will accept in a single ACH transfer. Most banks allow ACH transfers up to $10,000 or $25,000 per day, though this varies. If you need to withdraw more than your bank allows in one transaction, you can make multiple withdrawals on different days.

There is no minimum withdrawal amount, though Robinhood may not process withdrawals smaller than a few dollars.

What to do if your withdrawal is delayed or stuck

If your cash has not arrived in your bank account within five business days of initiating the withdrawal, contact Robinhood support through the app. Go to Account, then Help, and select the withdrawal issue. Robinhood support can check the status of the transfer and confirm whether it has left their system.

If Robinhood confirms the transfer was sent, the delay is on your bank's side. Contact your bank's customer service with the transfer date and amount, and ask them to trace the ACH transfer. Provide them with Robinhood's name as the sending institution.

If the withdrawal was cancelled or rejected, Robinhood will return the cash to your account within one to two business days. Check that your linked bank account information is correct — mismatched account numbers or routing numbers are the most common reason for rejections.

Frequently Asked Questions

Can I withdraw crypto directly to another wallet or exchange?

No. Robinhood does not support sending crypto to external wallets. You must sell your crypto for cash, withdraw the cash to your bank account, and then buy the same crypto on another platform if you need it in an external wallet.

How long does it take from selling crypto to having cash in my bank account?

Three to five business days is typical. The sale executes when ready, but Robinhood holds the cash for one to two business days while it settles, and your bank takes one to three business days to process the incoming transfer. Weekends and holidays add extra time.

What if I sell crypto but then change my mind before the withdrawal?

Once you sell, the crypto is gone and converted to cash. You can cancel a pending withdrawal before it leaves Robinhood, but you cannot undo the sale itself. If you want the crypto back, you would need to buy it again at the current market price.

Can I withdraw to a bank account that is not in my name?

No. Robinhood requires that the linked bank account be in the same name as your Robinhood account for compliance reasons. You can only withdraw to accounts you own.

Does Robinhood charge a fee to withdraw?

Robinhood charges no withdrawal fee. Your bank may charge a fee for receiving the transfer, depending on your account type. Contact your bank to confirm their policy on incoming ACH transfers.