How to Move Cryptocurrency Out of Robinhood to Another Wallet or Exchange
You cannot transfer crypto directly out of Robinhood to an external wallet or another exchange
Robinhood does not let you move cryptocurrency to a wallet you control elsewhere. You can buy and sell crypto on Robinhood's platform, and you can withdraw the dollars from a sale back to your bank account, but there is no option to send Bitcoin, Ethereum, or other coins to an external address.
This is a significant limitation if you want to hold crypto in your own wallet, use it on another platform, or move it to a different exchange. Your only path is to sell your holdings on Robinhood, withdraw the cash, and then buy the same crypto again on a platform that does support transfers.
Understanding this constraint before you buy matters, because selling and rebuying means you will pay trading fees twice and may face tax consequences depending on how long you held the coins.
Key Takeaways
- Robinhood does not offer a withdrawal or transfer feature for cryptocurrency — you cannot move coins to an external wallet or another exchange.
- To move your money out, you must sell your crypto on Robinhood, which triggers a taxable event if the price has changed since you bought it.
- After selling, you can withdraw the dollars to your linked bank account, then buy crypto on a different platform if you want to hold it elsewhere.
- Each buy and sell on Robinhood incurs trading fees, so moving your crypto this way costs more than a direct transfer would on other platforms.
- If you plan to hold crypto long-term or move it between platforms, consider starting on an exchange that supports wallet transfers instead.
Why Robinhood does not let you transfer crypto out
Robinhood treats cryptocurrency as an asset you can trade on their platform, not as something you own outright in a wallet. When you buy Bitcoin or Ethereum on Robinhood, the company holds it in custody — you do not receive a private key or control an address on the blockchain.
This custody model simplifies the user experience for people who want to buy and sell quickly, but it also means Robinhood keeps all the coins in their own wallets. They do not offer a way to move those holdings to you or to another service.
Other platforms like Kraken, Coinbase, and Gemini do let you withdraw crypto to an external wallet, which gives you more control but also makes you responsible for keeping your private keys safe. Robinhood has chosen not to offer this feature.
The process for moving your money: sell, withdraw, rebuy
If you want your crypto elsewhere, follow these steps in order:
- Open the Robinhood app and go to your crypto holdings.
- Select the coin you want to move (Bitcoin, Ethereum, or whichever you hold).
- Tap the sell button and enter the amount you want to sell.
- Review the price and any fees, then confirm the sale.
- Wait for the sale to settle — this usually takes one business day.
- Go to your account menu and select "Transfers" or "Withdraw".
- Choose your linked bank account and enter the dollar amount you want to withdraw.
- Confirm the withdrawal and wait for the funds to arrive in your bank (typically two to three business days).
- Once the money is in your bank, log into the other exchange or wallet service where you want to hold the crypto.
- Buy the same amount of crypto on that platform.
The entire process takes at least three to five business days from start to finish, depending on how quickly your bank processes the withdrawal.
Tax and fee costs of moving your crypto
Selling crypto on Robinhood is a taxable event. If the price of Bitcoin or Ethereum has risen since you bought it, you owe capital gains tax on the profit. If the price has fallen, you may be able to claim a capital loss. Either way, you will need to report the sale on your tax return.
When you sell on Robinhood, you pay a trading fee — Robinhood's rates vary by coin but typically range from 1% to 2% of the transaction. When you buy the same crypto again on another platform, you pay another trading fee. Over a full cycle of sell-and-rebuy, you could pay 2% to 4% in fees alone.
If you bought the crypto less than a year ago and the price has risen, you will owe short-term capital gains tax at your ordinary income tax rate, which can be as high as 37% depending on your income. If you held it for more than a year, long-term capital gains rates apply (0%, 15%, or 20% depending on income). The tax bill can easily exceed the trading fees.
Before you sell, calculate what you will owe in taxes and fees. Sometimes it makes sense to leave the crypto on Robinhood rather than move it if the tax hit is large.
Alternatives if you want to hold crypto elsewhere
If you have not yet bought crypto on Robinhood, consider starting on a platform that supports wallet transfers instead. Kraken, Coinbase Pro, Gemini, and Kraken all let you withdraw coins to an external wallet or another exchange without selling first.
If you already hold crypto on Robinhood and want to move it, you have three realistic options: sell and rebuy (accepting the fees and taxes), hold it on Robinhood indefinitely, or buy new crypto on a different platform going forward and leave your Robinhood holdings alone.
Some people use Robinhood for short-term trading and a separate platform for long-term holdings. This approach lets you keep your existing Robinhood positions while building a portfolio elsewhere that you control more directly.
What happens if Robinhood adds transfer features in the future
Robinhood has not announced plans to add crypto withdrawal features. The company's business model relies on keeping users on the platform, and allowing transfers would make it easier for people to move their money elsewhere.
If Robinhood ever does add this feature, it would likely apply only to new purchases or require a waiting period before you could transfer. Existing holdings might remain locked in custody indefinitely.
Do not count on this changing. Make your decision about where to hold crypto based on what Robinhood offers today, not on features that may never arrive.
Frequently Asked Questions
Can I transfer crypto from Robinhood to Coinbase or another exchange?
No. Robinhood does not support direct transfers to any other platform. You must sell your crypto on Robinhood, withdraw the dollars to your bank, and then buy the crypto again on Coinbase or another exchange. This process takes several business days and incurs trading fees and potential tax liability.
What if I want to move my Bitcoin to a hardware wallet?
You cannot move it directly from Robinhood. You would need to sell the Bitcoin on Robinhood, withdraw the cash, buy Bitcoin again on an exchange that supports withdrawals (like Kraken or Coinbase), and then transfer it from that exchange to your hardware wallet. This adds extra steps, fees, and time.
Do I have to pay taxes when I sell crypto on Robinhood to move it?
Yes. Selling crypto is a taxable event. If the price has risen since you bought it, you owe capital gains tax on the profit. If it has fallen, you may claim a capital loss. You will need to report the sale on your tax return regardless of whether you immediately rebuy the same crypto elsewhere.
Is there a way to avoid the trading fees when moving crypto off Robinhood?
No. You must sell on Robinhood (which charges a fee) and buy on another platform (which also charges a fee). There is no way to transfer without paying fees twice. Some platforms offer lower fees than others, so comparing rates before you rebuy can help reduce the total cost.
Can I transfer only part of my crypto holdings out of Robinhood?
Yes. You can sell any amount of crypto you want on Robinhood, from a small portion to your entire holding. Sell only what you want to move, withdraw that amount in dollars, and rebuy it elsewhere. Your remaining Robinhood holdings stay on the platform.