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.
Robinhood Connect offers the same list of coins that are currently supported by Robinhood Crypto. Not all coins are available in every state and may be subject to regulatory approval in certain states. Coin availability is also dependent on the crypto assets supported by the self-custody wallet or dapp.
The timeframe for transferring your crypto to and from your wallet depends on a few factors, including the payment method you used (bank account or debit card), and network conditions. Learn more about transfer times in Crypto transfers.
We require a certain number of network confirmations before crypto is credited to your Robinhood account. The number of confirmations may vary depending on, among other things, network conditions. Under ordinary conditions, this process can take up to a few hours. We also review each transfer for security and safety reasons, which typically takes just a few minutes but on rare occasions it could take longer. We'll let you know in the app as soon as your crypto is available.
Once you submit your order, you’ll be directed to an order status screen. This provides real-time updates on the progress of your order. You’ll see when your order has been submitted, confirmed, when it is in the process of transferring, and when it is complete. To review the details of your order, select View order details.
We’ll promptly notify you as soon as your crypto transfer is initiated.
There are a number of reasons why an order may not successfully be completed.
To help protect our customers from potential price volatility, Robinhood automatically converts Robinhood Connect sell orders into limit orders by using a 2% price collar. The price must be within 2% of the originally displayed estimated price to execute, and you’ll be notified if the price was deemed to be outside of these bounds.
The most common reasons a purchase may be rejected:
A number of reasons can cause issues with your transaction, such as:
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.
No, you can’t use margin to purchase crypto.
Robinhood Connect is currently available in all US states and the District of Columbia, with the exceptions of Hawaii and New York. If you're a resident of North Carolina, you must have a brokerage account to utilize Robinhood Connect. Furthermore, residents of North Carolina, can only execute transactions using your Robinhood buying power via Robinhood Connect.
This option is only available for Robinhood Crypto customers who also have a Robinhood brokerage account. If you have a Robinhood brokerage account, you can place crypto orders or transfer your crypto through Robinhood Crypto on the Robinhood app or website.