Robinhood Crypto, the crypto arm of low-fee stock and crypto trading platform Robinhood, has launched its long-awaited crypto transfer service for its customers in Europe. The new feature allows customers to deposit and withdraw over 20 cryptocurrencies, including Bitcoin (BTC) $63,886, Ethereum (ETH) $2,639, Solana (SOL), and USD Coin (USDC), making their cryptocurrencies more flexible and controllable. Robinhood Crypto’s move allows users to more easily store their assets and enter the world of decentralized finance (DeFi).

Various Advantages of Cryptocurrency Transfers

With the launch of the cryptocurrency transfer service in Europe, it offers a 1% match bonus on all cryptocurrency investments for a limited time. The bonus will be paid in the cryptocurrency deposited and will be valid within a certain upper limit. Thus, customers will be able to earn additional income on the cryptocurrency they deposit.

Robinhood Crypto will offer its users not only cryptocurrency transfers, but also other advantages. Customers will be able to buy and sell more than 35 cryptocurrencies on the platform at the lowest costs, and will have the opportunity to store them. For example, it is possible to buy and sell Bitcoin with zero commission and earn $ 30 worth of BTC when they become a member. In addition, Solana (SOL) staking will earn 5.23 percent annual return and will be able to increase staking earnings by 100 percent for a limited time. USDC investments will earn 15 percent.

“With the launch of crypto transfers in Europe, we are making it simpler and more accessible for our customers to store their crypto and access DeFi,” said Johann Kerbrat, Vice President and General Manager of Robinhood Crypto. Kerbrat also noted that these transfers offer customers more control while also providing a secure, low-cost, and reliable experience.

Security and Protection at the Forefront

Robinhood Crypto also offers its users comprehensive protection for the security of their cryptocurrencies. The company states that it does not lend cryptocurrencies to other companies or use them for leveraged transactions. The vast majority of customers’ cryptocurrencies are stored in cold wallets, which are protected by advanced security measures. Robinhood also provides additional protection to its customers by insuring cryptocurrencies against hacking attacks and theft.

This new service launched by Robinhood Crypto in Europe is considered an important step for users looking for more control, flexibility and security in the cryptocurrency world.