Robinhood Connect

Robinhood Connect is an easy way to buy and transfer crypto directly to self-custody wallets and dApps. You can make fast purchases with low fees using your debit card, bank account, or Robinhood account.

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Supported crypto assets

Robinhood Connect offers the same list of coins that are currently supported by Robinhood Crypto. Coin availability is dependent on the crypto assets supported by the self-custody wallet or dApp.

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How to fund your wallet

You can transfer crypto directly from your Robinhood Crypto account to your wallet with no Robinhood fee — only network fees. Additionally, you can use your existing brokerage buying power to purchase crypto without any Robinhood fees.

You can also use your debit card or bank account with Robinhood Connect. Check out deposit money into your Robinhood account for steps and details.

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Network fee

Every on-chain crypto transaction incurs a network fee — sometimes called a miner fee or gas fee. The fee amount depends on, among other things, the coin and how many other transactions are happening on the coin’s network. We’ll always let you know what the network fee estimate is before finalizing your transaction. Check out transfer limits and fees for more information.

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Robinhood fee

This fee covers the following transaction costs for Robinhood Connect as listed on the Robinhood Crypto Fee Schedule.

  • Crypto transfers: 0%
  • Debit cards: 1.5%
  • Bank accounts: 1.5%
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Limits

  • Crypto transfers: You can send up to $5,000 worth of crypto or make up to 10 transfers total in a 24-hour period
  • Debit cards: You can purchase up to $1,000 using your debit card per business day
  • Bank accounts: You can use up to $1,000 instant funds per business day
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FAQ

How long does it take to receive crypto?

This depends on both the payment method (bank account or debit card) and the standard withdrawal timelines. We also review each transfer for security and safety reasons, which typically takes just a few minutes but on rare occasions up to 24 hours. We'll let you know in the app as soon as your crypto is available. Check out Crypto transfers for more details on transfer times.

Can I use margin to purchase crypto?

No, you can’t use margin to purchase crypto.

Why was my purchase rejected?

The most common reasons a purchase may be rejected:

  • Insufficient funds for your bank account
  • Insufficient funds for your debit card account
  • Pending orders
  • Crypto withdrawal failures

Why is my transaction pending, unconfirmed, or failed?

A number of reasons can cause issues with your transaction. Check out supported addresses for crypto withdrawals, tips for staying safe when transferring crypto, and reading your transaction in a block explorer for more information regarding transaction issues.

Reference No. 2860017
Still have questions? Contact Robinhood Support

Brokerage services are offered through Robinhood Financial LLC, (RHF) a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (RHS) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (RHC) (NMLS ID: 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The Robinhood spending account is offered through Robinhood Money, LLC (RHY) (NMLS ID: 1990968), a licensed money transmitter. A list of our licenses has more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC is not a member of FINRA and accounts are not FDIC insured or protected by SIPC. RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Check out Robinhood Financial’s Fee Schedule for details.

© 2023 Robinhood. All rights reserved.
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Brokerage services are offered through Robinhood Financial LLC, (RHF) a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (RHS) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (RHC) (NMLS ID: 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The Robinhood spending account is offered through Robinhood Money, LLC (RHY) (NMLS ID: 1990968), a licensed money transmitter. A list of our licenses has more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC is not a member of FINRA and accounts are not FDIC insured or protected by SIPC. RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Check out Robinhood Financial’s Fee Schedule for details.

© 2023 Robinhood. All rights reserved.