Robinhood to release its guaranteed bitcoin wallet– CVBJ

Robinhood to launch its promised bitcoin wallet – CVBJ


Key truths:

The service will just be launched in beta, after a preliminary screening stage has actually concluded.

The designers discuss that it concentrates on user simpleness, security, and experience.

In mid-January, the popular trading platform Robinhood will release the beta variation of its wallet for bitcoin (BTC) and other cryptocurrencies. In combination with the exchange’s application, the brand-new item will supply users with another enhance to purchase, offer, get and send out crypto possessions.

Until now, it was not defined which cryptocurrencies will be offered to keep in the brand-new Robinhood wallet However, it is to be anticipated that those that can be traded on your exchange are likewise those that can be conserved in the wallet. These are bitcoin, ether (ETH), bitcoin money (BCH), flex (FLEX), and ripple (XRP).

According to what was reported by the business itself in a post on its blog site, more than 1.6 million individuals registered to buy their Robinhood wallet More than half of them did so within 30 days of their statement in September, as reported by CriptoNoticias.

This beta variation is the outcome of a previous stage, called alpha. In it, a choose group of users were asked to supply and check the item feedback. In addition, clients on the waiting list were likewise surveyed to discover which performances to designate more attention and resources to.

On her blog site, Robinhood revealed a screenshot of the very first delivery made with the alpha variation of her wallet. Source:Robinhood

Among the most asked for functions, the business highlighted the user interface based upon user experience, the deal of academic material, clearness to reveal the commissions of the network and the possibility of having a single address for all cryptocurrencies. The latter is not possible, because, as described in the letter, each network has its own address to send out and get cryptocurrencies.

Robinhood and a strong requirement for increased security

In the exact same declaration, Robinhood mentions that supplying on-chain wallets to countless clients is an excellent obstacle, which security is the very first thing they want for the ‘methodical’ launch of this wallet To do this, they information, they will integrate functions such as multi-factor authentication in the app and ask for verification of deals.


This is a concern that has actually acquired a lot more value for the business from some episodes that took place throughout 2021. As reported by this media, the platform suffered a hack that resulted in the sale of information from 7 countless its users on the dark web

Before, in 2020, another truth of insecurity impacted the exchange’s customers. On that event, 2,000 individuals suffered the theft of their funds in fiat, bitcoin and other cryptocurrencies.


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