Withdrawing money from Robinhood is a simple process, whether you're cashing out your stocks, transferring funds to a bank, or moving cryptocurrency to another platform like Coinbase. In this comprehensive guide, we’ll walk you through the various methods to withdraw money from your Robinhood account, transfer stocks, and more. Following these steps will ensure a smooth and secure experience for getting your funds where they need to be.

How Do I Get My Money Out of Robinhood?

To withdraw money from Robinhood, you'll need to follow these steps:

Funds typically take 3 to 5 business days to reflect in your bank account. If you require faster access to your funds, Robinhood Instant Transfer may be available for eligible users.

Transfer Crypto from Robinhood to Coinbase?

Transferring cryptocurrency from Robinhood to Coinbase is another common request. As of now, Robinhood supports the ability to transfer cryptocurrency out of the platform, making it possible for users to transfer crypto assets like Bitcoin, Ethereum, and others to external wallets like Coinbase.

Here's how to transfer crypto from Robinhood to Coinbase:

How Long Does It Take to Transfer Crypto from Robinhood to Coinbase?

The transfer of crypto from Robinhood to Coinbase is typically completed within minutes, but it can sometimes take a few hours depending on network congestion. Robinhood does not charge a fee for these crypto transfers, which is a key benefit.

How to Transfer Money from Robinhood to Bank?

To transfer money from Robinhood to a bank account:

Robinhood does not charge any fees for bank transfers. The typical withdrawal process takes about 3-5 business days unless you are eligible for an instant transfer.

How to Transfer Buying Power from Robinhood to Bank?

Buying power refers to the amount of money available to buy stocks or crypto in your Robinhood account. If you want to transfer your Robinhood buying power to your bank account, you will first need to sell your investments.

Here's the process:

How to Transfer Brokerage Cash from Robinhood?

Transferring brokerage cash—the cash available in your Robinhood brokerage account—is straightforward. Here's how you do it:

How to Transfer Stocks from Robinhood to Fidelity?

To transfer stocks from Robinhood to Fidelity, you will need to initiate an Automated Customer Account Transfer Service (ACATS) transfer. Fidelity supports the transfer of assets from Robinhood, but keep in mind there is a $75 Robinhood transfer out fee for transferring your assets to another brokerage.

Here's how you can transfer stocks from Robinhood to Fidelity:

This process can take anywhere from 5 to 7 business days to complete.

How to Transfer Stocks from Robinhood?

Transferring stocks from Robinhood to another brokerage, like Fidelity, Charles Schwab, or others, follows the same ACATS transfer process outlined above. Remember, Robinhood will charge a $75 fee for outgoing transfers of stocks or other assets.

Simply contact your new brokerage, fill out the transfer request form, and they will handle the process of transferring your stocks.

Conclusion

Withdrawing money or transferring assets from Robinhood is a simple but structured process. Whether you want to withdraw cash, transfer stocks, or move crypto to another wallet like Coinbase, the steps outlined above will help you navigate these transactions seamlessly. Always be sure to follow best practices, such as double-checking account details, to ensure smooth transactions without any errors.