Quick Answer: To send Bitcoin from Robinhood to an external Bitcoin address, open Robinhood, go to Crypto, select Bitcoin, tap Send, paste the recipient Bitcoin address, enter the amount, review the network fee and Bitcoin network, then submit. You cannot send Bitcoin directly to a bank account. To get cash, sell your Bitcoin first, then withdraw cash to your linked bank.
This guide covers three different tasks: moving Bitcoin out of Robinhood to a wallet, moving it to another exchange, and converting it to cash in your bank account. They look similar, but they are not the same path.
Who this is for: Robinhood Crypto users who already own Bitcoin and want to send it to an external address or cash out. The steps below are for the main Robinhood app, not the separate Robinhood Wallet app.
Before You Start
- A verified Robinhood Crypto account.
- Bitcoin balance shown as available in your Robinhood Crypto account.
- A Bitcoin address from the receiving wallet or exchange.
- Enough Bitcoin to cover the network fee.
- Two-factor authentication enabled on your Robinhood account.
If you just bought Bitcoin with money that has not fully settled, your BTC may not be available to send yet. The Send button may be greyed out or missing until the balance is available.
How To Transfer Bitcoin From Robinhood to a Wallet
Step 1: Open Bitcoin in Robinhood
Open the Robinhood app and tap Crypto in the bottom navigation. On the web, select Crypto from the left-side menu. Open Bitcoin.
Step 2: Tap Send or Withdraw
On the Bitcoin page, look for Send or Withdraw. The exact label can change between versions. If it is not visible, open the Bitcoin page and check for a menu icon or a Transfer option. If you cannot find it, the asset may not be eligible for transfer, or your account may have a restriction.
Step 3: Paste the receiving Bitcoin address
In your external wallet, choose Receive, select Bitcoin, and copy the address. Paste the address into Robinhood instead of typing it. Verify the beginning and end of the address carefully. If even one character changes, the transfer can be lost.
Use only a Bitcoin address on the Bitcoin network. Do not paste an address meant for Wrapped Bitcoin on another network. Native Bitcoin must stay on the Bitcoin network.
Step 4: Enter the amount
Enter how much Bitcoin you want to send. The Bitcoin network fee is normally deducted from the transfer amount. If you try to send your entire available balance, the transfer may fail because there is not enough Bitcoin left to pay the fee.
Step 5: Review network, fee, and address
Robinhood shows a review screen before submission. Check that the network says Bitcoin, the network fee is acceptable, and the destination address is exactly correct. Fix any mistake now, before you submit.
Step 6: Submit and save the transaction ID
Tap Submit and complete any two-factor authentication step. After the transfer is submitted, copy the transaction ID TXID shown in the confirmation or from your crypto activity. You will use it to track the transfer.
How To Transfer Bitcoin From Robinhood to Another Exchange
If your goal is to move BTC to another exchange, the sending side works the same way, but the receiving address comes from that exchange.
- Log in to the receiving exchange.
- Go to Deposit or Receive.
- Choose Bitcoin, not a token version of BTC.
- Select the Bitcoin network if the exchange asks.
- Copy the BTC deposit address.
- Use the Robinhood Send flow above and paste that address.
After the transfer, use the exchange deposit history to watch for confirmations. Some non-Bitcoin assets require a memo or destination tag. For Bitcoin, usually no memo is needed, but if the exchange asks for one, follow the exchange instructions.
How To Transfer Bitcoin From Robinhood to a Bank Account
You cannot send Bitcoin directly to a bank account. Bitcoin is not a bank balance. You must first sell Bitcoin for cash, then withdraw the cash. In the United States and many other countries, selling Bitcoin is a taxable event even if you plan to keep the cash in a bank.
Sell Bitcoin to cash
- Open Bitcoin in Robinhood.
- Tap Sell.
- Enter the amount in BTC or in cash value.
- Review the order and submit it.
After the sell order fills, the cash is in your Robinhood account. That cash can then be withdrawn to your linked bank account.
Withdraw cash to your bank
- Tap the Account icon.
- Choose Cash, Banking, or Transfers, depending on your version.
- Choose Withdraw or Transfer to Bank.
- Select your linked bank account.
- Enter the amount and submit.
The cash usually arrives within a few business days. Exact timing depends on Robinhood processing and your bank.
Fees, Limits, and Timing
Network fee: Sending Bitcoin from Robinhood to an external address requires a Bitcoin network fee. The fee changes constantly based on Bitcoin network traffic. Robinhood shows an estimated network fee before you finalize an outbound transfer. There is usually no separate Robinhood fee for supporting crypto transfers, but always check the final screen.
Limits: Transfer limits can depend on account status, verification, and compliance reviews. If a limit applies, it is normally shown on the amount screen. Check the official Robinhood Help Center for current transfer limits.
Timing: A Bitcoin transfer goes through the Bitcoin blockchain, so it is not complete when you hit Submit. The transaction must be confirmed in a block. In normal conditions this can take minutes to a few hours. During heavy Bitcoin traffic, it can take longer. A fixed 24-hour estimate is not a useful rule for Bitcoin transfers.
How To Confirm the Transfer Worked
- Check Robinhood history: Crypto, Bitcoin, then Activity or History. Look for a completed or sent status.
- Use the TXID in a Bitcoin block explorer. If the transaction shows confirmed, the Bitcoin network has accepted it.
- Check the destination wallet or exchange. If the destination exchange has not credited you but the TXID shows confirmed, contact the exchange support team with that ID.
Common Problems and Fixes
- Send button is missing or greyed out. The Bitcoin may not be available, the asset may not be eligible, or your account may have a restriction. Update the app, wait for settlement, then check the official help center.
- You pasted the wrong address. Once the transfer is submitted, Robinhood cannot reverse it. There is no guaranteed recovery for a wrong Bitcoin address. Be extra careful on the review screen.
- The exchange has not credited your BTC. Wait for network confirmations, then check the TXID. If it is confirmed, the issue is on the exchange side.
- The network fee looks high. Bitcoin fees rise during congested periods. You can cancel before submitting and try again later. Robinhood generally does not let you set the network fee manually.
- You tried to send your full balance and the transfer failed. The network fee is taken from the transfer amount. Leave enough BTC to cover the fee, or send slightly less than your total balance.
- You want cash, not crypto. Do not send BTC to a bank-style address; that does not exist. Sell Bitcoin first, then withdraw cash.
Safety Checklist Before You Submit
- Copy the address instead of typing it.
- Verify the full receiving address on the review screen, not just the beginning.
- Confirm the network is Bitcoin.
- Confirm the network fee before submitting.
- Keep enough BTC in the account to cover the fee.
- Consider sending a small test transfer first when moving a large amount.
- Never share your recovery phrase or private keys with anyone.
When These Steps Are Not the Right Path
- If you need money to spend, sell Bitcoin and withdraw cash.
- If your balance is very small, the network fee could be larger than the transfer value.
- If you are using the separate Robinhood Wallet app, its menus and transfer flow are different.
- If you are transferring another cryptocurrency, the process may be similar, but do not assume the network and memo rules are the same as Bitcoin.
FAQ
Does Robinhood charge a fee to transfer Bitcoin?
You normally pay the Bitcoin network fee. Robinhood shows the estimate before you finalize. There is usually no separate Robinhood fee for supported crypto transfers.
Can I transfer Bitcoin from Robinhood to Coinbase or another exchange?
Yes, if your Robinhood account is eligible and the receiving exchange supports native Bitcoin deposits. Copy the BTC deposit address from the exchange, then use the Send flow.
How long does a Bitcoin transfer from Robinhood take?
It depends on the Bitcoin network. Most normal transactions confirm in minutes to a few hours, not on a fixed 24-hour schedule.
Is transferring Bitcoin from Robinhood to my own wallet taxable?
Moving your own crypto to a wallet you control is generally not a taxable sale. Selling Bitcoin for fiat can be a taxable event depending on your jurisdiction.
Can I deposit Bitcoin into Robinhood from another wallet?
Yes, Robinhood supports receiving or depositing supported crypto. The flow is different: in Robinhood, choose Receive or Deposit under Bitcoin, copy your BTC address, then send from the external wallet.
Why this guide exists:
Many Robinhood users still think crypto is locked inside the app. This guide is here to help you move your Bitcoin safely, verify that the transfer worked, and avoid the irreversible mistakes that can send funds to the wrong place.
By Jerry McNeill. Jerry is a journalist covering cryptocurrency and personal finance. She has written for financial and cryptocurrency media. Disclosure: she holds Bitcoin, Ethereum, Solana, and PAXG.
Current Robinhood interfaces, supported assets, fees, and limits can change. Before your transfer, check the official Robinhood Help Center.
