Can You Send Crypto From Robinhood? A Complete Guide

Robinhood burst onto the scene as a commission‑free stock trading platform, and later added a suite of cryptocurrencies to attract the new‑generation investor. While the ease of buying Bitcoin, Ethereum, and a handful of altcoins on Robinhood is appealing, many users soon hit a roadblock: they wonder, can you send crypto from Robinhood to an external wallet?

This question isn’t just academic. As you accumulate digital assets, you might want to store them in a hardware wallet for better security, move them to a different exchange for trading, or simply consolidate your holdings. Understanding the limitations, work‑arounds, and future possibilities can save you time, fees, and frustration.

In this article we’ll unpack the current state of Robinhood’s crypto withdrawal capabilities, compare it with other platforms, walk through the steps you can take today, and give you practical tips for managing your crypto portfolio. By the end, you’ll have a clear picture of whether you can send crypto from Robinhood and what your best options are.

Can You Send Crypto From Robinhood? The Short Answer

As of early 2026, Robinhood does not allow direct transfers of cryptocurrency to external wallets or other exchanges. The platform is designed as a custodial service, meaning it holds the assets on your behalf and restricts withdrawals to the internal Robinhood ecosystem.

So, the short answer to “can you send crypto from Robinhood” is: no, not directly. However, there are indirect methods you can explore, such as converting crypto to cash and then re‑purchasing it elsewhere, or using a third‑party service that supports “crypto swaps.” Below we dive deeper into why this limitation exists and what alternatives you have.

Why Robinhood Restricts Crypto Transfers

Robinhood’s original mission was to lower the barrier to entry for retail investors. By keeping the crypto assets within its own ledger, the company can:

• Streamline the user experience with a single‑click “Buy” or “Sell.”
• Reduce regulatory compliance costs associated with AML/KYC for blockchain withdrawals.
• Control the custody and security of assets, limiting exposure to hacks that affect external wallets.

These reasons make sense from a business standpoint, but they clash with the ethos of decentralization that many crypto enthusiasts cherish. The lack of a withdrawal option is one of the most common criticisms lodged against Robinhood, especially when users compare it to platforms that do offer full wallet support.

Current Work‑Arounds to Move Your Crypto

Even though you can’t send crypto directly from Robinhood, there are a few strategies you can employ to get your assets where you want them.

1. Convert to Cash and Re‑Buy on Another Exchange

The simplest method is to sell your crypto on Robinhood, transfer the cash to your bank account, and then deposit that cash into another exchange (e.g., Coinbase, Crypto.com) where you can purchase the same cryptocurrency and withdraw it to your own wallet. This process involves three steps:

1. Sell the crypto on Robinhood.
2. Withdraw the proceeds to your linked bank account (usually takes 2‑3 business days).
3. Deposit the cash into a platform that supports withdrawals, buy the crypto again, and send it to your wallet.

While this method incurs market fees and potential tax events, it’s the most reliable way to move assets out of Robinhood.

2. Use a Crypto‑Swap Service

Some third‑party services allow you to “swap” crypto held on Robinhood for a different token that can be withdrawn. For example, you could exchange Bitcoin for a stablecoin like USDC on Robinhood, then use a service that accepts USDC and sends it to your external wallet. This approach is less common and often involves higher fees, but it can be useful if you’re looking to avoid the cash‑out step.

3. Wait for Future Feature Rollouts

Robinhood has hinted at expanding its crypto capabilities, including the possibility of withdrawals. Keep an eye on official announcements, as the company may eventually enable direct transfers. Subscribing to Robinhood’s newsletter or following their blog can help you stay updated.

Comparing Robinhood With Other Crypto‑Friendly Platforms

If the inability to send crypto from Robinhood feels like a deal‑breaker, you might consider switching to a platform that offers full custodial control. Here’s a quick comparison:

• Coinbase: Provides a built‑in wallet, easy withdrawals, and robust security features.
• Crypto.com: Offers a crypto wallet, debit card, and the ability to transfer assets to external addresses. (Read more in our Is Crypto.com a Good App? In‑Depth Review.)
• Binance: Low fees, extensive coin selection, and direct withdrawals.
• Kraken: Strong security, staking options, and fiat on‑ramps.

When evaluating alternatives, ask yourself: “Do I need the convenience of Robinhood’s UI, or do I prioritize full control over my crypto?” The answer will guide you toward the platform that best matches your priorities.

Step‑By‑Step Guide: Converting Robinhood Crypto to Cash

If you decide to use the sell‑and‑re‑buy method, follow these steps to ensure a smooth transaction.

Step 1: Sell Your Crypto on Robinhood

1. Open the Robinhood app and navigate to the “Crypto” tab.
2. Select the cryptocurrency you wish to sell.
3. Enter the amount you want to liquidate and confirm the trade.

Make sure you review the price and any fees before confirming. Robinhood typically charges a spread rather than a fixed commission.

Step 2: Withdraw Cash to Your Bank

1. Go to the “Cash Management” section of the app.
2. Tap “Transfer to Your Bank” and select the linked account.
3. Enter the amount and confirm. Expect a 2‑3 business day processing time.

Robinhood may limit the withdrawal amount based on your account verification level, so check your limits in the app settings.

Step 3: Deposit Cash Into a New Exchange

Log in to your chosen exchange (e.g., Crypto.com) and follow their deposit instructions. Most platforms allow ACH transfers, which can take 1‑2 business days.

Step 4: Re‑Buy the Crypto and Withdraw

Once the cash appears in your new exchange account, purchase the same cryptocurrency and use the platform’s withdrawal function to send it to your external wallet address.

Tax Implications of Moving Crypto

Every time you sell crypto, the transaction is a taxable event in the United States. This means that when you answer the question “can you send crypto from Robinhood” by converting to cash, you must report any capital gains or losses on your tax return.

• Short‑term gains: If you held the crypto for less than a year, gains are taxed as ordinary income.
• Long‑term gains: Holding for over a year qualifies for lower capital gains rates.
• Loss harvesting: Selling at a loss can offset other capital gains, reducing your tax liability.

Keep detailed records of each trade, including timestamps, amounts, and prices, to simplify tax reporting. Many users rely on third‑party tax software that integrates with Robinhood and other exchanges.

Security Considerations When Using Multiple Platforms

Transferring assets across different services expands your attack surface. Here are a few best practices to keep your crypto safe:

• Enable two‑factor authentication (2FA) on every exchange and email account.
• Use a hardware wallet (e.g., Ledger or Trezor) for long‑term storage.
• Regularly review account activity and set up login alerts.
• Never share your private keys or seed phrases with anyone.

By following these steps, you reduce the risk of hacks, phishing attacks, and accidental loss of funds.

Frequently Asked Questions

Can you send crypto from Robinhood to a friend’s wallet?

No. Robinhood does not support peer‑to‑peer transfers. You would need to sell the crypto, withdraw cash, and have your friend purchase the crypto on their own platform.

Will Robinhood ever allow crypto withdrawals?

The company has signaled interest in expanding its crypto services, but no official timeline has been released. Keep an eye on updates in the app or on the Robinhood blog.

Is there a fee for selling crypto on Robinhood?

Robinhood does not charge a commission, but it does incorporate a spread in the price, which effectively acts as a fee.

Can I use a crypto debit card with Robinhood?

Robinhood offers a cash‑back debit card linked to your brokerage account, but it does not function like a crypto‑backed card that can spend on‑chain assets directly.

What’s the best alternative if I need full control?

Platforms like Coinbase and Crypto.com provide built‑in wallets and easy withdrawals, making them solid choices for users who prioritize flexibility.

In summary, while the answer to “can you send crypto from Robinhood” is currently no, you have viable paths to move your assets by converting to cash or using swap services. Keep informed about future feature rollouts, and consider platforms that align better with your long‑term crypto strategy if direct withdrawals are essential for you.

Whether you stay with Robinhood for its simplicity or transition to a more open‑ended service, understanding the mechanics, costs, and tax implications will empower you to manage your digital wealth responsibly.