Robinhood rolls out beta testing for crypto wallet

Robinhood rolled out beta testing to an initial pool of 1,000 customers that signed up to an early waitlist for the product. It also noted its future ambitions for the beta testing, saying “by March, we will expand the program to 10,000 customers before rolling out to the rest of the WenWallets waitlist.”

The second ‘major milestone’ in the wallet rollout, the feature will now enable Robinhood customers to “send and receive their crypto from Robinhood to external crypto wallets” and access “the greater blockchain ecosystem for the very first time”.

Initial beta testers will help the platform make vital amendments to the final version of the feature via feedback, with additional features including QR scanning and block explorer support to be added over the course of beta testing.

Looking forward, Robinhood will enforce a “Safety First” ethos via a series of “world-class security integrations” designed to monitor all transactions made during testing and ensure customers are able to “safely invest and transfer their crypto”.

Robinhood will also impose a daily limit of $2,999 in total withdrawals and 10 transactions to beta testers, alongside requiring users to enable two-factor authentication.