If you’ve recently sold cryptocurrency on Robinhood and you’re asking yourself, “Where is my money?”, you’re not alone. This is a common question for new and experienced users alike. Let’s walk through what happens after a crypto sale on Robinhood, how long it takes to receive your funds, and what to do if your money still hasn’t shown up.
🔄 What Happens When You Sell Crypto on Robinhood?
When you sell crypto on Robinhood, you’re converting it into U.S. dollars. But here’s the key part: that cash doesn’t immediately hit your bank account. First, it becomes part of your Robinhood buying power—meaning the funds are available for you to reinvest in stocks or crypto within the app. To actually get the money into your bank account, you’ll need to initiate a withdrawal.
🕒 How Long Does It Take to Get Your Money?
Here’s a breakdown of the timeline:
- Crypto Sale Settlement:
- Crypto trades settle immediately on Robinhood, unlike stock trades that follow a 2-day settlement cycle.
- Your USD balance is updated right away.
- Withdrawing Funds to Your Bank:
- Standard bank transfers can take up to 5 business days to fully process.
- Instant transfers, if eligible, may give you access to the money sooner (often same-day or within minutes), but could come with fees.
- New Accounts or Large Transfers:
- If your Robinhood account is relatively new or you’re moving a large amount of money, the platform may place a temporary hold to verify the transaction.
💸 Did You Actually Withdraw It?
Many users forget this step: selling crypto does not automatically send the money to your bank account.
Here’s how to check and withdraw:
- Open the Robinhood app or website.
- Tap on your account icon.
- Go to Transfers.
- Select Transfer to Your Bank.
- Enter the amount and confirm.
❗️Why Hasn’t the Money Arrived Yet?
There could be several reasons:
- You didn’t initiate the withdrawal.
- Your bank is taking time to process the funds.
- Robinhood flagged the transaction for review.
- Your bank account on file is incorrect or outdated.
If it’s been more than 5 business days since you requested the withdrawal, you should contact Robinhood Support through the app for an update.
🧠 Final Thoughts
Selling crypto on Robinhood is just step one. If you want that cash in your hands—or in your bank—you’ll need to go through the withdrawal process. Don’t panic if it takes a few days; that’s normal. But always double-check that your bank info is correct and keep track of your transfer history within the app.
Pro Tip: If you plan to sell often and want faster access to your money, consider linking a debit card and enabling instant transfers.
Still stuck? Let me know what you’re seeing and I can help you figure it out.
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