Robinhood Connect | Robinhood

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.

Supported crypto assets

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.

FAQ

How long do transactions take through Robinhood Connect?

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.

Why did my Robinhood Connect crypto sell order not take place?

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.

Why was my Robinhood Connect crypto purchase rejected?

The most common reasons a purchase may be rejected:

  • Your order is greater than your Robinhood buying power
  • Insufficient funds for your bank account
  • Insufficient funds for your debit card account

Why is my transaction pending, unconfirmed, or failed?

A number of reasons can cause issues with your transaction, such as:

  • You haven’t signed the transfer confirmation in the originating dapp
  • Crypto transfer network congestion

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.

Can I use margin to purchase crypto?

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

Why can't I use Robinhood Connect?

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.

Why can't I place an order or transfer request?

This option is only available for Robinhood Crypto customers who also have a Robinhood investing account. If you have a Robinhood investing account, you can place crypto orders or transfer your crypto through Robinhood Crypto on the Robinhood app or website.

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All investing involves risk.

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). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from 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. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money 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. Please see Robinhood Financial's Fee Schedule to learn more.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.
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All investing involves risk.

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). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from 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. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money 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. Please see Robinhood Financial's Fee Schedule to learn more.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.