Crypto Account Funding

If you have a Robinhood Instant account, you will typically get instant access to your funds up to $1,000 to trade cryptocurrency.

If applicable, remaining funds not instantly available will land in your account after normal settlement times.

If you have a Robinhood Gold account, you’ll have instant access to your funds up to your Gold tier amount, and any additional funds will land in your account after normal settlement times.

For Robinhood Crypto, funds from stock, ETF, and options sales become available for buying within 3 business days. However, limited cash deposits and all proceeds from cryptocurrency sales are generally available to instant accounts immediately. See Crypto Buying Power on our Cryptocurrency Investing page for more details.

Please note: Robinhood Crypto may limit access to instant deposits at any time. We’ll communicate with affected customers if and when we make updates to instant deposit availability.

Cost basis is used to calculate capital gains taxes, it is typically the amount that you paid when buying an asset or the value determined at the time of receipt or transaction (via the FIFO valuation method). Received crypto and gifted cash redeemed for crypto will use a cost basis at fair market value calculated at the time of receipt or redemption for tax purposes.

Fair market value is what an asset would reasonably sell for when a willing buyer and seller aren’t forced into the deal and know the relevant facts during a determined period of time.

First In, First Out (FIFO), is a valuation method in which coins that were acquired first (either through deposited or buys) are used first (either through selling or withdrawals)

Crypto bought with instant funds can be transferred after normal settlement times, unless there are equivalent holdings in the account. You can see your transfer history, pending transfers, and their estimated landing dates in Account → History.

Learn more about Instant Deposits.

Digital currency held as a capital asset will be taxed as property, and subject to capital gains and losses. We’ll provide you with your tax documents during tax season. Check out our Tax Center for more information on Robinhood’s tax documents, and please consult your tax advisor on account-specific tax filing information.

Funds from stock, ETF, and options sales become available for buying cryptocurrency within 3 business days. However, limited cash deposits and all proceeds from cryptocurrency sales are generally available to instant accounts immediately. Please note: Robinhood Crypto may limit access to instant deposits at any time. We’ll communicate with affected customers if and when we make updates to instant deposit availability.