Beta version of Robinhood crypto wallet is live

Robinhood successfully launched its beta version of its crypto wallet. Right now only 1,000 users can use it. 

Robinhood is a popular stock and crypto exchange. US-based Robinhood exchange is popularly known for its services under full compliance. This exchange is allowing only flagship crypto assets trading including Dogecoin. After the Coinbase exchange, this is Robinhood which is a priority among the US citizens.

Robinhood exchange had been planning its official crypto wallet since the mid of 2021. After better development, Exchange launched a beta version of its crypto wallet. 

Before the launching of this wallet, Robinhood allowed people to sign up to access the early launch of Robinhood’s crypto wallet. So right now only 1,000 users are allowed to use it, who sign-up in early 1,000 users. 

In this initial phase, beta testers are restricted to a maximum of 10 transactions per day and a maximum withdrawal of $2,999 per day.

Right now crypto services of Robinhood exchange are limited to the Robinhood platform, which means users can not deposit or withdraw the assets from/to third party exchange. So this newly launched crypto wallet of Robinhood exchange will give a better option to the Robinhood exchange users to save the crypto assets outside the exchange. 

On 20 January, the Robinhood exchange confirmed the launch of the crypto wallet. The company also said that they are planning to allow 10,000 users by March in this beta phase of the wallet. 

“Beta testers will help us test core functionality and provide critical feedback to inform the final version of the product.,” Official statement read

Christine Brown, COO of Robinhood crypto exchange, showed eagerness for the newly launched crypto wallet through Twitter. 

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