[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 443 KB, 750x737, E5359F9E-D32B-420D-81C1-FB3DF0B84654.jpg [View same] [iqdb] [saucenao] [google]
23957517 No.23957517 [Reply] [Original]

Pulled an absolute rookie move and bought bitcoin and eth on robinhood. How can I transfer my crypto out of this piece of shit app without getting fucked by the tax man? I’ve made about $20k scooping these coins up during the March crash not thinking about how robinhood doesn’t provide a wallet or the ability to transfer

>> No.23957535

Just pay your taxes

>> No.23957543

>>23957517
Sorry anon, you can't transfer crypto from Robinhood, you have to sell if you want those funds.

>> No.23957549

You can't LMAO

>> No.23957555

>>23957517
NOT YOUR KEYS NOT YOUR WALLET

>> No.23957579

so this brings up the question for a coinbase pro noob, what’s the best way to cash out gains... or does this train not stop? meaning if i want to get back to usd i need to go through judebase

>> No.23957584

>>23957555
checked and rekt

>> No.23957600

>>23957517
Same bro, it hurts

>> No.23957601

>>23957517
I did the exact same. Bought 15 eth in March and sold Friday night when the price was 473. I knew it was going to dip since it couldn't crack 475 and btc was falling. Youre just gonna have to bite the bullet and cash out and take the tax hit.

>> No.23957622

HOW DOES IT NOT LET YOU TRANSFER HAHAHA IDIOT

>> No.23957632

>>23957579
I cash out to gold/silver to avoid getting jew'd

>> No.23957679

>>23957517
You can hope that RobinHood offers a withdraw option in the future. Wouldn't be the craziest thing to happen.

Otherwise either leave it in or pay taxes now.

The likelihood that Robin Hood confiscates or loses your Bitcoin would be significantly bearish news for Bitcoin anyways, so may be a non-issue.

>> No.23957697

>>23957555
Not sure if you're being cute, but it's not your keys not your crypto.

>> No.23958135

>>23957517
I did the same mistake anon.

If you keep it in RH you're gonna have to deal with not actually owning it. If not you are goinging to have to sell, transfer to your bank, and then rebuy on a better platform asap and hope the price doesn't moon as the money is transferring around. The process took me about 3 or 4 days to move it.

>> No.23958901

>>23957517
you can't. sell and use a proper exchange next time.

wait for UNN sale 11/22.

>> No.23958942
File: 6 KB, 249x220, 1604685544208.jpg [View same] [iqdb] [saucenao] [google]
23958942

>>23957517
You don't actually own any bitcoin or eth at all if you bought on RH

>> No.23958963

this was why i didn't do anything on RH.

>> No.23959046
File: 2.87 MB, 3264x2448, 20200623_234741.jpg [View same] [iqdb] [saucenao] [google]
23959046

The Robinhood app is that what most people should know is a "custodian" account.
The bank owns the keys.
Welcome to a brave new world where the globalists systematically implement methods of trade to which the plebs are to own NOTHING.

>> No.23959072

>>23957517
you can’t

>> No.23959108

>>23957517
sorry, you messed up this time anon. I have no idea why, aside from ease of use, people use that app to "buy" crypto

>> No.23959122

>>23959046
>sinister globalist plot
>shitty Robinhood app for scamming retards
ok then

>> No.23959135

>>23957517
What a idiot fag