Everything You Need to Know About Robinhood’s NFT & Crypto Wallet

Early this week, online brokerage platform Robinhood announced its upcoming Web3 wallet, which will give users complete control over their NFT and crypto assets.

Make no mistake, the platform launched its first cryptocurrency wallet in April of this year. However, users can only trade a limited number of cryptos with that wallet. So, what’s new in Robinhood’s latest Web3 wallet? Let us investigate!

What are your options with Robinhood’s new Web3 wallet?

To begin, Robinhood promises that the new NFT and cryptocurrency wallet will be non-custodial. That is, instead of the platform, you will be the one holding the private keys to your wallet. Furthermore, the wallet will be available as a standalone app on multichain.

Aside from storing the keys to your own NFT and crypto assets, the Web3 wallet by Robinhood allows you to do so much more. To begin with, you can trade and swap cryptos with no network costs. This is undoubtedly one of Robinhood’s most important features, as the app also provides commission-free stock trading services to its consumers.

Following that, you can use the wallet to store your valuable NFTs and connect them to NFT marketplaces. Furthermore, the wallet will give you access to various crypto assets on the market. Additionally, those who choose to keep their coins in their wallet will earn returns on their assets.

That’s really cool! So, where can I get the Web3 wallet?

Just relax! As of this writing, Robinhood’s Web3 wallet is not yet available to the general public. But don’t worry, anon. You may now sign up to be first on the waitlist.