Cryptocurrencies that you purchase on Robinhood Crypto are stored in a mix of cold (offline) storage and hot (online) storage. The majority of your coins are held in cold storage, though some coins are held in hot wallets to support day-to-day operations.
We hold the majority of your coins in cold storage, entirely disconnected from the internet. This gives you an additional layer of protection.
We also carry crime insurance that protects a portion of the assets held across our storage systems against losses from theft, including cybersecurity breaches. The policy is underwritten by certain underwriters at Lloyd’s, the world’s leading insurance marketplace, and placed by Lloyd’s registered broker, Aon.
Our Security Team routinely reviews code and infrastructure powering Robinhood Crypto. We also engage third-party security experts to test our systems, helping us build some of the most secure systems in the industry. If you’d like to learn more about how you can protect your account, including your cryptocurrencies, check out our Help Center article on security best practices.
We practice strict operational security when managing cryptocurrencies. For example, coin transfers require authorization from a select group of people. For added security, we constantly rotate this list of people, which is not disclosed internally or externally.
Robinhood Crypto is registered with FinCEN as a money services business. As such, Robinhood Crypto is subject to and complies with the applicable requirements of the Bank Secrecy Act, and complies with the applicable money transmitter laws of U.S. states.
Trading in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. For more information see the Robinhood Crypto Risk Disclosure.