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WARNING - Do not trade or store crypto on Robinhood

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by COINS NEWS 55 Views

WARNING - Do not trade or store crypto on Robinhood

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.

https://preview.redd.it/de1opoaxmkvc1.png?1120&format=png&auto=webp&s=74b44c02d84eb4ae1ab97ad72807b1369a373a5d

Any access to customer support is now blocked and their phone line directs me to livechat (which is blocked).

https://preview.redd.it/nai1bzl1mkvc1.png?1120&format=png&auto=webp&s=241d60479dfb82b03626ca993a7897c55b102066

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
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