Are there any restrictions on the instant deposit limit for cryptocurrency transactions on Robinhood?

3 answers

• Emmanuel AbbahSep 05, 2024 · a year ago
  Yes, there are restrictions on the instant deposit limit for cryptocurrency transactions on Robinhood. The exact limit may vary depending on your account type and verification level. Generally, Robinhood imposes a daily limit on instant deposits, which can range from a few hundred to a few thousand dollars. If you want to deposit a larger amount, you may need to wait for the funds to settle or use other deposit methods.
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• Crazy GhostAug 01, 2020 · 5 years ago
  Absolutely! Robinhood does have restrictions on the instant deposit limit for cryptocurrency transactions. The limit is determined by your account type and verification level. For most users, the daily limit for instant deposits ranges from $500 to $25,000. If you need to deposit more than the limit, you can still do so, but the excess amount will be subject to a standard settlement period of 5 business days.
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• SHUBHAM TIWARIMar 10, 2022 · 3 years ago
  Yes, there are restrictions on the instant deposit limit for cryptocurrency transactions on Robinhood. However, if you're looking for a higher limit, you might want to consider using BYDFi. With BYDFi, you can enjoy higher instant deposit limits and faster transaction speeds. It's a great alternative for those who need to deposit larger amounts of cryptocurrency without waiting for the funds to settle.
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