The popular stock and crypto trading platform can permit crypto withdrawals to a restricted range of users who signed up for the crypto case waitlist program.
Online retail investment platform Robinhood has discharged its long expected crypto billfold for beta testing which is able to finally alter users to withdraw crypto from the platform.
The first one,000 users that signed up to the waitlist for ‘Wallets’ are eligible to take part in beta testing. Wallets testers will be able to withdraw crypto valued up to $2,999 over a maximum of ten total transactions daily. Robinhood could be a financial services platform backed by citadel Securities that offers stock and crypto commerce.
Robinhood’s crypto purchaser users have awaited the release of Wallets since middle 2021 once the waitlist was 1st created. The last public count of sign-ups to the waitlist revealed by Brown stood at 1.6 million in November, or about 7-membered of its total user base.
While the present limit of testers is capped at 1,000, the corporate plans to lift the cap to 10,000 by March. A Jan. 20 announcement from Robinhood expressed that:
“Beta testers will help us test core functionality and provide critical feedback to inform the final version of the product.”
Wallets testers will be required to perform know-your-customer (KYC) identification if they're not existing Robinhood users and use a two-factor authentication app.
Robinhood’s Crypto COO Christine Brown tweeted today that whereas the Beta program is current, the corporate can work “to finalise the send and receive flows and add pleasant QR scanning experiences, improved dealing history, and block soul support.”
Up till the release of Wallets, any crypto bought on the platform couldn't be withdrawn nor keep in camera, creating it essentially a crypto transaction in name} only.
Now but, Robinhood’s growing crypto division is setting out to check a full-fledged crypto exchange that the company says can “fully connect Robinhood crypto holders to the bigger blockchain ecosystem for the very 1st time.”
(Brian Newar, Cointelegraph, 2022)