WARNING – Do not trade or store crypto on Robinhood
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Today during the Bitcoin halving, I converted some balance to Crypto and tried withdrawing withdrawing ($5,000) to my own Ledger self-custody address. I've had over quarter million in Bitcoin stocks/ETFs, but the moment my account tries actually withdrawing some Crypto, all my funds get frozen and my short-term options are stuck. Even after 2FA, my account was frozen. Thought the Crypto Wallet provided on Robinhood was owned by me, but apparently not. Any access to customer support is now blocked and their phone line directs me to livechat (which is blocked). Good reminder to use Coinbase, Kraken, or any other exchange, just not Robinhood. You can buy Crypto for months on end from ETFs/stocks, but the moment you try to withdraw, they freeze your account. submitted by /u/MineETH |
