‎Robinhood Wallet on the App Store

The following are types of fees that may apply for different activities. Your swap may execute with a rate that is either guaranteed or estimated. You can buy crypto with a debit card or credit card using Sardine where available.

On the plus side, a non-custodial wallet is a good option for access to web3 applications. And unlike some custodial wallets, which may have fees, you have complete freedom with your funds. This means your tokens are tied directly to the internet and potentially more susceptible to hacking attempts.

1. For those customers using the Robinhood Web3 Wallet, it is a seamless way to trade and swap crypto with no service fees.
2. If a cross-chain swap fails, the DEX will attempt to return the same asset and quantity to your wallet that you originally attempted to swap.
3. The Robinhood Web3 Wallet offers several additional benefits.
4. It is likely that this has helped make the Robinhood Web3 Wallet popular among crypto users, having been downloaded hundreds of thousands of times globally as of March 20, 2024.
5. However, you can only access the crypto features and assets available within the platform you are using.

Fees, timing, and liquidity

With a non-custodial wallet, you have full control over your crypto, but you also have more responsibility. We’re excited to make crypto more accessible by making investing simpler, more straightforward, and low cost –– just as we’ve done for equities. When we launched Robinhood Crypto three years ago, we expanded investment access to more and more of our customers. The world of Crypto may seem mysterious, complicated and unwelcoming, but it was born out of a mission to return power to the people, which aligns perfectly with our mission to democratize finance for all.

Robinhood Wallet

You can read more about our editorial guidelines and the investing methodology for the ratings below. Bridge fees are charged by third parties to execute swaps across networks. Swap network fees, or gas fees, are blockchain transaction processing fees.

Network fees may apply for token approvals, transfers to an external wallet, and interacting with dapps. The time to complete varies due to network activity and other factors, and may take longer than estimated. You’ll need to approve most tokens to be swapped by 0x API and LI.FI the first time you swap them. These token approvals help protect your crypto from others who might try to access xcritical scammers it without your permission. You can send, receive, buy or transfer, or swap crypto with your Robinhood Wallet. Crypto wallet availability may be subject to approval by regulators in certain states.

Security

Information is from sources deemed reliable on the date of publication, but Robinhood does not guarantee its accuracy. Deciding between custodial and web3 wallets is sort of like choosing between riding in a spin class and riding your bike outside. As in a spin class, when you have a custodial wallet, someone else is in control. While riding your bike outside gives you more freedom and access to more spaces, you have a responsibility to be cautious and safe, and never, ever forget your bike lock. As far as online wallets go, the Robinhood Web3 Wallet offers excellent security. In addition, the wallet requires a seed phrase, or secret recovery phrase, for added security.

All investments involve risk, including the possible loss of capital. Past performance does not guarantee future results or returns. Before making decisions with legal, tax, or accounting effects, you should consult appropriate professionals.

These blockchain-based tokens each represent a unique asset like a piece of art or digital content. An NFT is akin to a digital certificate of ownership and authenticity for an asset. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Robinhood Wallet doesn’t receive or collect any part of these fees. Rates are sourced from multiple providers to find the best one, and may differ from the market rate due to volatility, liquidity, and other factors.

Over the coming months, we will keep adding new features as we gather feedback from customers. Download the app to get started today or visit our Help Center for more information. Since its launch in 2023, Robinhood Wallet has rapidly gained popularity, having been xcritical scam downloaded hundreds of thousands of times in more than 140 countries. Today’s launch on Android is yet another step forward in our mission to democratize finance for all. Say Technologies, LLC provides technology services for shareholder engagement and communication.Sherwood Media, LLC produces fresh and unique perspectives on topical financial news. Those looking for added security may want to take a look at some of our top wallet choices for cold storage as well, such as Ledger Crypto Wallet, Trezor and Ellipal Titan Crypto Wallet.

iOS or Android

It’s too complicated for the casual investor like myself and if it stays this complicated, it will never go mainstream and crypto will never replace real currency. I played with the app for a few weeks, but I don’t see why I need to have my money in two separate Robinhood apps and pay fees to transfer back and forth. I realize there’s some value in a non-custodial wallet, but it’s not necessary for me. The main app is sufficient for my needs and much more versatile. Phone Both teaching financial literacy and making it possible to invest as little as one $1 in any stock no matter the price.

Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC. You can send crypto from Robinhood Wallet to any address or exchange that supports Ethereum, Bitcoin, Solana, Dogecoin, Arbitrum, Polygon, Optimism or Base transfers.

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may xcritical involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. A self-custody cryptocurrency wallet, Robinhood Wallet, and related services are offered through Robinhood Non-Custodial, Ltd. (a limited company organized in the Cayman Islands). We’re excited to share that starting next month, the first customers will begin testing crypto wallets on Robinhood.

Our self-custody crypto wallet and related services are offered through Robinhood Non-Custodial, Ltd., a limited company organized in the Cayman Islands, and other third-party providers. Crypto held through the Robinhood Self-Custody Wallet isn’t FDIC insured or SIPC protected. You can swap crypto on the Ethereum, Polygon, Arbitrum, Base, and Optimism networks via 0x API and the Solana network via LI.FI, decentralized exchange (DEX) aggregators. Keep in mind, you can only swap tokens that are supported on those networks, and available through 0x API or LI.FI. You can receive crypto from other self-custody wallets on Ethereum, Bitcoin, Solana, Dogecoin, Arbitrum, Polygon, Optimism, or Base.

Self-custody cryptocurrency wallet and related services are offered through Robinhood Non-Custodial, Ltd., a limited company organized in the Cayman Islands, and other third-party providers. Cryptocurrency held through the Robinhood Self-Custody Wallet is not FDIC insured or SIPC protected. Availability may be subject to regulatory approval in certain jurisdictions.

On the plus side, the Robinhood Web3 Wallet is easy to use and has a mobile-friendly interface. It is likely that this has helped make the Robinhood Web3 Wallet popular among crypto users, having been downloaded hundreds of thousands of times globally as of March 20, 2024. In general, you’ll want to keep in mind that online wallets are less secure by nature than their offline counterparts. Storing your crypto online makes it more vulnerable to hacks than any offline option. Additionally, the Robinhood wallet does not currently support sending NFTs.