Robinhood starts rolling out crypto wallets to select clients – Wallets Bitcoin News

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Trading platform Robinhood has started rolling out crypto wallets to 1,000 customers. 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 rolling them out to the rest of the waiting list.

Robinhood Lets 1,000 Clients Test Its Crypto Wallets

Popular trading platform Robinhood announced on Thursday that its “Crypto Wallet Beta Program” is now live. Advertisement details:

Starting today, we will begin rolling out crypto wallets to 1,000 clients from the top of the wallet waitlist (subject to having an external wallet for testing and certain security checks).

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

The company explained that in the beta testing phase, its customers can 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 “finalize send and receive flows, add delightful QR scanning experiences, improve the transaction history interface, and add support for ‘block explorer to provide more information about their on-chain transactions.

Additionally, the company noted:

We will also add the ability for customers to calculate the dollar amount of crypto to send/receive in terms of 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 real-time buy, sell and market data for bitcoin (BTC), bitcoin cash (BCH), bitcoin sv (BSV), dogecoin (DOGE), l ethereum (ETH), ethereum classic (ETC), and litecoin (LTC).

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

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

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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