Robinhood stops instant deposit access for crypto, Gold customers OK

Robinhood just halted Instant Deposits for cryptocurrency purchases, but it's all good if you're a Gold customer -- don't worry.

@anthony256
Published Fri, Jan 29 2021 4:47 AM CST   |   Updated Fri, Mar 5 2021 5:31 AM CST

It's not like Robinhood wasn't already knee-deep in a pile of DOGE sh*t, the company is piling on -- making changes where it has made Instant Deposits "temporarily unavailable for crypto purchases".

The company emails that this means you "won't be able to buy crypto with funds from a deposit until it settles (which can take up to 5 business days to complete). Your Crypto Buying Power will also not reflect your deposit until it settles". So if you've been trying to use Instant Deposits for the last couple of hours and couldn't figure out why -- now you do.

But never fear! If you are a Gold customer, Robinhood has your back as "you will still be able to use Instant Deposits to crypto purchases". The tweets from 'Doopie' who added that "I hear they're also limiting stocks tomorrow, so like 5 shares max for specific stocks which in guessing will be the big ones. GME, NOK, BB, etc".

We need to wait a few more hours to see how Robinhood goes in terms of limiting the purchases of key volatile stock, so I'll update you as that happens.

Robinhood stops instant deposit access for crypto, Gold customers OK 07 | TweakTown.com
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Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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