Robinhood Opens Cryptocurrency Wallet to Beta Testers

Robinhood has announced plans to test a cryptocurrency wallet on its app. At the time, the company said it would open the beta to a small number of people before expanding availability before the full release. If you join the waiting list created by Robinhood, you can now test the wallet for yourself, provided you are one of the first 1,000 people to sign up for the beta.

In a company statement today, Robinhood said it will invite 10,000 people to beta by March, with more to follow later. In addition to storing cryptocurrencies, the company’s wallet allows you to transfer them from the application to other external wallets. During the testing period, the company will limit daily withdrawals to a total of $2,999. It will also limit users to 10 transactions per day, and to participate in the trial you will need to enable two-factor authentication. With today’s launch, the wallet supports Bitcoin, Ethereum, and Dogecoin.

As it polishes the wallet, Robinhood says it will add “delicious” QR scanning experiences and an improved interface to transaction history, among other features. When Robinhood first announced the wallet’s beta, it said the edge He plans to make the feature available to everyone in 2022.

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