Cashing out cryptocurrency from your Robinhood account is not only possible—it’s designed to be user-friendly and efficient. Whether you're looking to convert Bitcoin, Ethereum, or another supported digital asset into fiat currency, Robinhood provides a streamlined process for withdrawing funds to your linked bank account. This guide walks you through every step, from initiating a withdrawal to understanding transfer limits, fees, and processing times.
By the end of this article, you’ll know exactly how to cash out crypto on Robinhood, what to expect during the transfer process, and how to troubleshoot common issues—all while maximizing convenience and minimizing delays.
How to Cash Out Your Crypto on Robinhood
Cashing out crypto on Robinhood involves converting your digital assets into U.S. dollars and transferring them to your connected bank account. Here’s a clear, step-by-step breakdown:
- Log in to your Robinhood account via the mobile app or website.
- Tap on the “Account” icon (person symbol), then select “Transfers.”
- Choose the option labeled “Transfer money.”
- Select the Robinhood account you wish to withdraw from—this could be your brokerage or crypto-specific balance.
- Pick a linked bank account as your destination.
- Enter the amount you’d like to withdraw.
- Carefully review the details, including any applicable fees.
- Confirm by tapping “Transfer.”
Once submitted, your request will be processed according to the selected transfer method. Standard ACH transfers typically take 2–3 business days, while instant options are faster but may come with a fee.
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Understanding Transfer Limits and Fees
One of the most important aspects of cashing out crypto is knowing the financial boundaries and costs involved.
No Fees for Standard Transfers
Robinhood does not charge fees for standard bank transfers using the ACH (Automated Clearing House) network. This makes it a cost-effective option for users who don’t need immediate access to funds.
However, if you opt for instant transfers—available to eligible accounts via debit card or direct bank push—you may incur a fee of up to 1.75% per transaction. These are ideal when you need same-day access to cash.
Daily Withdrawal Limits
Your ability to withdraw money isn't unlimited. Robinhood sets daily withdrawal limits based on:
- Your account type
- Account age and verification level
- Trading activity and history
These limits include both maximum dollar amounts and number of allowed transfers per day. They reset at different times depending on the method:
- Standard ACH transfers: Limits reset at 7 PM Eastern Time
- Instant transfers: Limits reset at 12 AM Eastern Time (midnight ET)
You can always check your current limits before confirming a transfer under the Transfers → Transfer limits section in the app.
Processing Times: When Will You Get Your Money?
Timing matters—especially when planning expenses or investments. Here's what to expect:
| Transfer Type | Estimated Processing Time |
|---|---|
| Standard ACH | 2–3 business days |
| Instant Bank/Debit | 1–2 business days (sometimes minutes) |
Note: Business days exclude weekends and federal holidays. Instant transfers are processed nearly in real-time but depend on your bank’s systems.
If you're relying on funds for time-sensitive purposes, consider initiating an instant transfer—just be aware of the associated fee.
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Frequently Asked Questions (FAQ)
Can I cash out all of my crypto on Robinhood?
Not always. Certain conditions may restrict full withdrawals, including:
- Funds tied up in pending trades or unsettled settlements
- Cash reserved for open orders or options collateral
- Pending deposits that haven’t cleared
- Balances used for margin investing
- Round-up savings or unclaimed referral stock rewards
Always review your available balance before attempting a full withdrawal.
How long does it take to cash out crypto on Robinhood?
Standard withdrawals take 2–3 business days via ACH. Instant transfers typically arrive within 1–2 business days, sometimes within minutes.
Are there fees for withdrawing crypto profits?
No fees apply for standard ACH transfers. However, instant withdrawals carry a fee of up to 1.75%.
What are the daily withdrawal limits?
Limits vary by user and account status. You can view your personalized limit in-app before submitting any transfer request.
Can I cancel a withdrawal after it’s been initiated?
Yes—pending transfers can be canceled. Go to:
Account → Menu → History → Pending → Select transfer → Cancel
Once a transfer is processed, cancellation is no longer possible.
What should I do if I encounter issues cashing out?
If you face errors or delays, contact Robinhood Support directly through the app or visit their help center for troubleshooting guides.
Key Considerations Before Cashing Out
Before finalizing your withdrawal, keep these points in mind:
- Ensure your bank account is verified and active
- Double-check that you’re transferring from the correct Robinhood sub-account (e.g., crypto vs. brokerage)
- Be mindful of tax implications—selling crypto may trigger capital gains taxes
- Monitor market timing if you're selling during high volatility
Additionally, remember that cryptocurrency held in Robinhood Crypto, LLC accounts is not protected by FDIC or SIPC insurance, unlike traditional securities.
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Final Thoughts
Cashing out crypto on Robinhood is a straightforward process suitable for beginners and experienced users alike. With no fees on standard transfers, flexible options for speed, and transparent limit tracking, Robinhood makes it easy to turn digital gains into usable cash.
Whether you're taking profits, rebalancing your portfolio, or funding personal expenses, following the steps outlined here ensures a smooth experience. Just remember to plan around processing times, stay within your limits, and use instant transfers wisely due to associated fees.
As the crypto landscape evolves, so do user needs—making it essential to understand not just how to withdraw funds, but also when and why. Stay informed, stay secure, and make every transaction count.