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Robinhood Wallet, a well-liked Web3 wallet, has added new things because more people are using it. People asked for it, so now Robinhood Wallet lets users hold, send, and get Bitcoin and Dogecoin.
Also, they made it possible to swap Ethereum tokens within the app. Some users can now swap over 200 different tokens on the Ethereum network.
Robinhood Wallet Widens Crypto Coverage
The goal of adding Bitcoin and Dogecoin support to Robinhood Wallet is to give users more choices in the wallet. Robinhood Wallet has been available for about six months, and people from over 140 countries have started using it.
They’ve now made it possible to do Ethereum swaps right in the app. This means users can use decentralized finance (DeFi) without needing to have Ethereum in their wallets. When users swap tokens, the fees are taken from the tokens they already have. This makes swapping easier and makes it simpler to get started.
Johann Kerbrat, who is in charge of Robinhood Crypto, said they want to make using DeFi and different networks and tokens easier.
The design of Robinhood Wallet is meant to help a lot of people understand and use Web3 technology. Their wallet lets you work with networks like Arbitrum, Bitcoin, Ethereum, Dogecoin, Optimism, and Polygon. This way, people can own, send, and get crypto across these networks. The wallet also lets you swap crypto on Ethereum and Polygon networks, so you can use different apps.
With Robinhood Wallet, people are in control of their crypto. They’re the only ones who have the private keys to their crypto.
Using Robinhood Connect for Fiat Onramp
The wallet does more with a Web3 browser, which lets you directly connect to different apps.
On August 30, they said that Robinhood Wallet wants to keep adding networks. They already added Polygon, Arbitrum, and Optimism. They plan to add more Layer 2 networks based on what users want.
For users in the US, they made it easier to buy or move crypto. You can now use Robinhood Connect to do that directly in the wallet.
The rewards program now gives you learning rewards too. This means you can earn USDC by finishing educational lessons.
But you need to make sure your app is safe. You should set up fingerprint or face recognition, or a special PIN. Also, you need to make a secret recovery phrase. This lets you get into your wallet and see your crypto. The company says it’s really important to keep the recovery phrase safe and not share it with anyone. The company can’t see your recovery phrase.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
