Robinhood begins rolling out crypto wallets to pick out clients

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Trading platform Robinhood has started rolling out crypto wallets to 1,000 clients. Users can send and receive their cryptocurrencies from Robinhood to external crypto wallets, the company explained, adding that by March 10,000 customers will test the wallets before they are transferred to the rest of the waiting list.

Robinhood has 1,000 customers testing its crypto wallets

Popular trading platform Robinhood announced on Thursday that its “crypto wallet beta program” is now live. The announcement details:

Starting today, we will begin rolling out crypto wallets to 1,000 customers from the top of the wallet waiting list (subject to owning an external wallet for testing and some security checks).

“By March, we will expand the program to 10,000 customers before expanding to the rest of the Wenwallets waiting list,” the announcement adds.

The company explained that in the beta testing phase, its customers will be able to send and receive their cryptocurrencies from Robinhood to external crypto wallets. There is a daily limit of $2,999 in total withdrawals and 10 transactions for beta testers.

Robinhood also revealed that for the duration of the beta program, it will “complete the send and receive operations, add delightful QR scanning experiences, improve the transaction history interface, and add block explorer support to provide more insight into their on- to provide chain transactions. ”

In addition, the company noted:

We will also add the ability for customers to calculate the dollar amount of crypto to be sent/received in dollar amounts.

Earlier this month, Robinhood said that 1.6 million people have signed up for its crypto wallets so far.

The trading platform currently supports buying, selling and real-time market data for Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC ).

Shiba-inu crypto supporters have petitioned Robinhood on Change.org to list SHIB. However, the company said: “We are a highly regulated company in a highly regulated industry and we think it’s important that we get a little more clarity from regulators.”

tags in this story

Robinhood, Robinhood Bitcoin Wallet, Robinhood Crypto, Robinhood Crypto Wallets, Robinhood Cryptocurrencies, Robinhood Cryptocurrency, Robinhood Doge, Robinhood Dogecoin Wallet, Robinhood Shib, Robinhood Shiba Inu, Robinhood Wallets

What do you think of Robinhood launching crypto wallets? Let us know in the comment section below.

Kevin Helms

As an Austrian economics student, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the interface between economics and cryptography.

Photo credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer, or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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