Tech

Robinhood Opens Crypto Wallet to Beta Testers


Robinhood has announced plans to test its in-app crypto wallet. At the time, the company said it would open the beta to a small number of people before expanding the availability before releasing it in its entirety. If you’ve joined the waitlist Robinhood created, you can now check out the wallet for yourself – provided you’re one of the first 1,000 to sign up for the beta.

In one The company published today, Robinhood said it will invite 10,000 people to join the beta in March, and more to follow after that. In addition to storing cryptocurrencies, the company’s wallet allows you to transfer them out of the app to other external wallets. During the trial period, the company will limit the daily withdrawal amount to a total of $2,999. It will also limit users to 10 transactions per day and, to participate in the beta, you will need to enable two-factor authentication. With today’s launch, the wallet supports Bitcoin, Ethereum and Dogecoin.

As it works to polish wallets, Robinhood says it will add a “fun” QR scanning experience and an improved transaction history interface, among other features. When Robinhood first announced the beta version of the wallet, it told The Verge they plan to make this feature available to everyone in 2022.

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