Are there any limitations or restrictions when using instant transfer on Robinhood for digital currency transactions?

1 answers

• 8bitosJul 18, 2023 · 2 years ago
  When using instant transfer on Robinhood for digital currency transactions, it's important to be aware of the limitations and restrictions that may apply. Firstly, there may be a maximum limit on the amount of money you can transfer instantly. This limit can vary depending on factors such as your account history and the specific digital currency you are trading. Additionally, not all digital currencies supported by Robinhood may be eligible for instant transfer. It's recommended to check the availability of instant transfer for the specific digital currency you intend to trade. Lastly, instant transfers may come with fees. The fees can vary depending on the digital currency and the amount being transferred. It's advisable to review Robinhood's fee schedule for more details on the fees associated with instant transfers.
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