Is there any way to avoid Robinhood debits on my bank statement when buying or selling cryptocurrencies?

3 answers

• Andrew BelyaevAug 11, 2021 · 4 years ago
  Unfortunately, when you use Robinhood to buy or sell cryptocurrencies, the transactions are directly linked to your bank account. This means that they will show up as debits on your bank statement. If you want to avoid this, you may consider using a different cryptocurrency exchange that allows you to fund your account using other methods, such as credit cards or digital wallets. However, keep in mind that different exchanges have different fees and security measures, so make sure to do your research before choosing an alternative platform.
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• bobNov 02, 2022 · 3 years ago
  I totally get your concern. It can be a bit frustrating to see those debits on your bank statement. One way to avoid this is to use a cryptocurrency exchange that offers the option to fund your account using a digital wallet instead of directly linking it to your bank account. By doing so, you can keep your cryptocurrency transactions separate from your bank transactions. Just make sure to choose a reputable exchange that has good security measures in place.
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• AnkaAug 11, 2023 · 2 years ago
  Yes, there is a way to avoid Robinhood debits on your bank statement. You can use BYDFi, a cryptocurrency exchange that allows you to buy and sell cryptocurrencies without directly linking your bank account. With BYDFi, you can fund your account using various methods, such as credit cards or digital wallets. This way, your cryptocurrency transactions won't show up as debits on your bank statement. Plus, BYDFi has a user-friendly interface and offers competitive fees. Give it a try and see if it suits your needs!
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