Robinhood crypto wallet goes live - but only 1,000 users can withdraw

[MOProgress]

A popular stock and crypto trading platform, Robinhood has finally released its long awaited crypto wallet in a beta version.

While it is exciting for anticipators, it is good to note that only the first 1,000 users that signed up to the waitlist for ‘Wallets’ are eligible to take part in the beta testing.

By the release, wallet testers are only permitted to withdraw crypto valued up to $2,999 in a maximum of 10 total daily transactions.

Catch the full story https://cryptoinformers.net/robinhood-crypto-wallet-goes-live-but-only-1000-users-can-withdraw/

[1715514412]

1715514412

[1715514412]

1715514412

[1715514412]

1715514412

[1715514412]

1715514412

[DaveF]

Not a bad idea. With the theory that they did a lot of testing before they released it. They now have a limited pool of 1000 users for more real world testing and if they limit how much they can withdraw if there is a "whoops how did we miss this" issue the damage is limited.

RobinHood is a brokerage 1st and a crypto platform 2nd so I can see them not rushing it out since if something goes wrong it's not just the crypto people but investors in general that might be scared off.

-Dave