Crypto transfers
Transferring crypto into and out of your Robinhood Crypto account is fast and easy. You can consolidate your coins into one account to track your portfolio, move supported coins into your Robinhood Crypto account so you can trade those coins, and more.
When it comes to crypto, it’s important that you—and only you—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 Crypto.
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 the coin and how many other transactions are happening on the coin’s network. We’ll let you know what the network fee estimate is before you finalize a transfer out of your Robinhood Crypto account.
When you send crypto, 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 out of your Robinhood Crypto account with a network fee of 1 DOGE, the recipient address will receive 99 DOGE.
Note, we don’t charge any extra fees to transfer crypto.
ERC-20 transfer fees: You can transfer supported ERC-20 tokens, such as Chainlink (LINK), Compound (COMP), Polygon (POL), 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 Crypto, 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: A certain number of network confirmations is required before crypto transfers—whether deposits or withdrawals—are processed to or from your Robinhood Crypto account. The number of confirmations needed may vary depending on network conditions and the specific crypto being transferred. Under normal circumstances, this process can take up to a few hours. Please note that each transfer also undergoes a security and safety review, which usually takes a few minutes but may occasionally take longer. You will be notified in the app as soon as your crypto transfer is complete.
Never send crypto back to a Robinhood Crypto 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 you can find by selecting Receive on each crypto detail page. Sending crypto to an incompatible or inaccurate address might result in a loss.
Review the full list of supported crypto you can buy, sell, or hold.
Currently, not all coins that are available for trading can be transferred. For a complete list of supported coins and networks that can be transferred on Robinhood Crypto, please see Supported address formats for crypto transfers for details. Before completing a transfer, confirm that the coin and network are supported on Robinhood Crypto. Sending unsupported coins to your Robinhood Crypto account may result in a loss of crypto, and these transactions are irreversible.
IMPORTANT: Addresses on different networks might not be cross-compatible. Before transferring, always confirm that the address and network match.
Crypto can have different types of address formats depending on the receiving wallet.
If you try to use an unsupported address format, your transaction won't be submitted.
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.
Each blockchain transaction has a unique identifier otherwise known as a transaction hash (TxID). 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. When looking at your transaction hash, the most relevant pieces of information are:
Check out Block Explorer Disclosure for details.
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.
Robinhood Crypto 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.
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.
No. Our corporate crypto addresses secure all of our customers’ coins, so we don’t provide customers with the private keys to those addresses.
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.
Any unsupported coins sent to a Robinhood Crypto address may be lost with no way to reverse the transaction.
Also, avoid using the send address generated by Robinhood Crypto as a deposit address. For example, if you send BTC from your Robinhood Crypto account to a non-custodial wallet, the sender address used by Robinhood Crypto is associated with our operational crypto accounts, which is not necessarily associated with your personal crypto account. If you try to send BTC back to that sender address, it might not be credited to your account.
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.
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. For details, review Transfer limits, fees, and timing.
To view your crypto transfer limits at any time, go to Account (person icon) → in the app, Transfer Crypto.
Your deposit addresses can change for some of the crypto with Robinhood Crypto. 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 Crypto wherever possible for your financial privacy.
For ERC20 and ETH your deposit address won't change. This is because of the unique account-based model shared by these blockchains.
Yes. Once the transaction is verified, the coins will be credited to your account and you can sell or hold them.
Not at this time. Any NFTs sent to a Robinhood Ethereum address may be lost and unrecoverable.
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.
For ERC-20 tokens, such as Chainlink (LINK), Compound (COMP), Polygon (POL), Shiba Inu (SHIB), Uniswap (UNI), and USD Coin (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.
No, you cannot use your ETH balance to pay for the transfer.
Crypto markets are highly volatile, and trading or holding crypto can lead to loss of your assets. Crypto is not legal tender, and is not backed by any government or covered by any government compensation scheme.
Crypto services are offered to eligible customers through an account with Robinhood Europe, UAB (company number 306377915), with its registered address at Mėsinių 5, LT-01133 Vilnius, Lithuania (“RHEC”). RHEC is registered according to the regulatory requirements of the Republic of Lithuania as a virtual currency exchange and virtual currency depository wallet operator. RHEC is supervised by the Lithuanian Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. RHEC is registered under No. RDWW-1076 in the register of virtual currency activities, kept by the Director of the Tax Administration Chamber in Katowice, in accordance with the Anti-Money Laundering and Counter-Terrorist Financing Act applicable in Poland. RHEC is also registered according to the regulatory requirements of the Republic of Italy in the special section of the register of bureaux de change (virtual currency and digital wallet services providers) kept by the Organismo Agenti e Mediatori (OAM) under No. PSV153. RHEC is subject to requirements and obligations applicable in the Republic of Italy in accordance with the Legislative Decree No. 231/2007 as to the prevention of the use of the financial system for the purpose of money laundering and terrorist financing and, to this end, is supervised by the Finance Intelligence Unit (Unità di Informazione Finanziaria – UIF) of the Bank of Italy.