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Written by Ryan Scribner on February 15, 2024
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How To Transfer Crypto From Robinhood To External Address 2024

If you're looking to send your crypto assets out of your Robinhood account and to an external wallet address, this guide will show you how.

Robinhood Crypto is a separate entity from Robinhood, and it's important to understand the process involved.

Let's dive in!

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Robinhood IRA Boost

Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotions

BrokeragePromotionLink
Robinhood Logo1 Free Fractional Share Worth Up To $200Learn More
Webull LogoEarn Up To 75 Free Fractional SharesLearn More
Moomoo Logo5 Free Stocks When You Deposit $100+Learn More
Acorns Logo$20 Bonus When You Invest $5+Learn More

1. Verify Identity & Enable 2FA

Before initiating any transfers, it's crucial to verify your identity and enhance the security of your Robinhood account with two-factor authentication (2FA).

This process typically involves submitting a photo of your government-issued ID and a live photo of yourself.

Once verified, enable 2FA through an authenticator app for an additional layer of protection.

2. Record Emergency Back Up Code

Upon enabling 2FA, Robinhood will provide you with an emergency backup code.

Store this code securely in a password manager or a protected location.

This code serves as a failsafe for accessing your account in case you lose your device.

3. Send Crypto

Once you've completed the above steps, here's how to send crypto to an external address:

  1. Open the Robinhood app and navigate to the detail page of the cryptocurrency you wish to transfer.
  2. Select the "Send" option.
  3. Enter the amount of crypto you intend to send.
  4. Paste the recipient's wallet address into the provided field.
  5. Review the transaction details carefully, then confirm and submit the transfer.
Article written by Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use commission free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below. Limitations Apply.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
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Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

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