The Robinhood Crypto Wallet is a free wallet that allows you to store, trade and invest in cryptocurrencies through your smart phone. The platform has been around since 2015 but only recently did they announce the launch of their crypto wallet.
What Is Robinhood’s Crypto Wallet Beta Program?
Robinhood Crypto Wallet beta is a new service that allows you to purchase cryptocurrencies without the need for a credit card or bank account. This means you can buy and sell cryptocurrencies on Robinhood’s platform, but it does not involve trading them like Coinbase or Binance. The only way to use this program is through Robinhood Gold.
How To Sign Up For Robinhood’s Crypto Wallet
To set up an account and get your first $10 worth of Bitcoin or Ethereum, follow these steps:
1) Go to robinhood.com/crypto-wallet
2) Sign up for a new Robinhood account (you will need a valid email address).
3) Click “Start Trading” under the green arrow at the top right of your screen. The next page asks you to select between BTC and ETH as your base currency. Select “BTC”.
You can then enter dollars or euros in the amount field if you want to buy more than $10 worth of crypto. You will be asked if you have an existing Coinbase account; if not, click “No”. If you do have an existing Coinbase account, click “Yes.” For security reasons, they ask that you verify your phone number with them by entering it into the box below this message in order to complete registration.
How do I transfer my cryptocurrencies from Coinbase to Robinhood Crypto Wallet?
You must have an existing Robinhood account in order for this to work. Go to H2, then scroll down and click on “Transfer Funds”. From there you will be able to select the amount of BTC or ETH that you want sent to your new wallet. Click “Start Transfer” and follow the instructions on how to complete the transaction with the other platform’s website.
Can I take out money from Robinhood Crypto Wallet?
No, unfortunately not at this time as it is only available within Robinhood Gold right now (you cannot withdraw cryptocurrency).
Can I use my existing Coinbase account?
No, only new accounts can use their existing Coinbase account at this time (the current limit per day is $2000 USD worth of cryptocurrency).
How To Make A Deposit Into Robinhood Crypto?
You can make deposits into your account via bank transfer or credit card (Visa, Mastercard, American Express). If you plan to sign up for Robinhood Crypto with a new phone number that does not yet have an existing Robinhood account, click “Yes,” then choose a method of payment from the list on the next page.