Robinhood will present crypto wallets for 1,000 users in the first phase

Robinhood will present crypto wallets for 1,000 users in the first phase

Robinhood is conducting a beta test of its new crypto wallet program. The first will get access to 1,000 people at the top of the waiting list. On the other hand, in March 2022, this will increase the number of 10,000 individuals who will be able to use these wallets with digital currency at any time before the registration opens for all remaining available places.

Last year, Robinhood planned to start crypto wallet testing, and one goal is a wider introduction by 2022.

Robinhood is connecting cryptocurrency owners with a block ecosystem for the first time. They allow people with cryptocurrencies such as EthereumBitcoin and Litecoin on their Robinhood accounts to move them freely between external wallets without any problems or costs imposed by third parties such as banks.

Bitcoin is below $37K first time ever in 4 months | Source: BTCUSD at Tradingview.com

In addition, they are also testing some key features that will shape the way we use these coins in general. If you don’t like something about it, just let them know – beta testers love feedback, so give yours today.

The Robinhood Wallet Beta phase follows months of “alpha phases” for development and testing.

Company he said,

“Through our alpha program, we sought feedback from a close-knit group of customers on our wallet waiting list.”

Robinhood users can trade cryptocurrencies through the platform, but cannot store, modify or manage digital assets. Crypto Wallet will now allow users to manage all their crypto stocks within the app.

Robinhood Crypto Wallet Daily Limit

Users can withdraw $ 2,999 per day in ten transactions. They must also enable two-factor authentication.

Some people call Robinhood the “Amazon of Finance” because of its disruptive business model and banking-like characteristics. For example, the company offers stock trading with no commission and cash management accounts.

However, not everyone is excited about this new app on their device as several regulators have been checking them out over the past year regarding ‘gamification‘Schemes that seemed too good are probably not real.

               Featured image from Pixabay, chart from TradingView.com



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