![]() In general, you’ll want to keep in mind that by nature online wallets are less secure than their offline counterparts since storing your crypto online makes it more vulnerable to hacks than any offline option. The wallet also requires a seed phrase (or secret recovery phrase) for added security. All customers use either a face/touch ID or a custom pin. SecurityĪs far as online wallets go, Robinhood Wallet offers excellent security. The article covers topics such as how to create a wallet, how to import an existing wallet, wallet recovery and protection as well as backing up and funding your wallet. There is also an article about the wallet in the support section of the Robinhood website. Robinhood offers 24/7 customer support via live chat, email support and phone support. These aggregators enable users to swap tokens within the wallet.Īccording to Robinhood’s website: “You can swap one type of crypto token for another on the Polygon network via 0x API, a decentralized exchange (DEX) aggregator.” Customer Service In terms of usability, Robinhood’s app wallet is integrated with decentralized exchanges, or DEXes. You still own your ETH, it’s just not accessible via the Robinhood Wallet.Īccording to Robinhood, “While Robinhood Wallet beta launched exclusively with Polygon, it will eventually be a multichain wallet that supports a wide number of blockchains.” For example, if you import an Ethereum wallet with your stash of ETH, you won’t be able to view or transact with your ETH using the Robinhood Wallet. Tokens you own on other networks may not be accessible in Robinhood Wallet. Robinhood’s Wallet only supports swapping tokens that are compatible with Polygon and 0x API. For one, users aren’t charged transfer fees.Ĭustomers can choose either a face/touch ID or a pin, as well as a secret passphrase or seed phrase, to help keep their crypto secure. There are several benefits of the Robinhood Wallet. This ease of use translates to its crypto wallet. Robinhood made its name with an easy-to-use stock trading platform. But for those customers testing out the Robinhood Web3 Wallet, it’s a seamless way to trade and swap crypto with no network fees.īecause the wallet is supported by the Polygon ( MATIC) network, customers can easily transfer their MATIC tokens over to Robinhood’s wallet. Robinhood Wallet is a crypto wallet offered by the Robinhood trading platform.
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