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Sending Bitcoin

How to send bitcoin from robinhood to external wallet?

Robinhood, the popular trading app, allows you to buy and sell Bitcoin and other cryptocurrencies. However, if you want to send your Bitcoin to an external wallet, you’ll need to follow some steps. In this article, we’ll explain how to send Bitcoin from Robinhood to an external wallet.Step 1: Choose an External WalletBefore you can…

Robinhood, the popular trading app, allows you to buy and sell Bitcoin and other cryptocurrencies. However, if you want to send your Bitcoin to an external wallet, you’ll need to follow some steps. In this article, we’ll explain how to send Bitcoin from Robinhood to an external wallet.

Step 1: Choose an External Wallet

Before you can send Bitcoin from Robinhood, you’ll need to choose an external wallet to send it to. There are many wallets to choose from, both hardware and software. Some popular options include Electrum, Exodus, and Trezor. Once you’ve selected an external wallet, you’ll need to obtain the wallet address.

Step 2: Obtain the Wallet Address

The wallet address is a long string of characters that identifies the destination of the Bitcoin. To obtain the wallet address, you’ll need to log into your external wallet and navigate to the “Receive” tab. This tab will display the wallet address, which you can copy to your clipboard.

Step 3: Navigate to the Robinhood App

Once you have the wallet address, you’ll need to navigate to the Robinhood app on your smartphone. From there, you’ll need to select the “Account” tab and then select the “Bitcoin” option.

Step 4: Select “Transfer”

Once you’ve selected the “Bitcoin” option, you’ll see a screen that displays your Bitcoin holdings. To transfer your Bitcoin to an external wallet, you’ll need to select the “Transfer” button.

Step 5: Enter the Wallet Address

When you select the “Transfer” button, you’ll be asked to enter the wallet address that you obtained earlier. You can simply paste the wallet address into the field provided.

Step 6: Enter the Amount

After you’ve entered the wallet address, you’ll need to enter the amount of Bitcoin that you want to send. Keep in mind that there may be fees associated with the transfer, so be sure to factor those into your calculations.

Step 7: Confirm the Transfer

Once you’ve entered the wallet address and the amount of Bitcoin, you’ll need to confirm the transfer. Robinhood will display a summary of the transfer, including the destination address and the amount of Bitcoin being sent. Review this information carefully to ensure that everything is correct, and then select the “Confirm” button to initiate the transfer.

Step 8: Wait for the Transfer to Complete

After you’ve confirmed the transfer, you’ll need to wait for it to complete. The speed of the transfer will depend on a variety of factors, including network congestion and the fees you paid for the transfer. You can monitor the progress of the transfer by checking your external wallet.

In conclusion, sending Bitcoin from Robinhood to an external wallet is a simple process that can be completed in just a few steps. By following the steps outlined in this article, you can securely transfer your Bitcoin to an external wallet of your choice. Remember to always double-check the wallet address before initiating a transfer, and to factor in any fees associated with the transfer.

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