Robinhood Wallet | Robinhood

Robinhood Wallet

Before you begin

Robinhood Wallet is a separate app from the Robinhood app. Download the Robinhood Wallet app for iOS.

The Robinhood Wallet app is a self-custody wallet that’s your portal to web3 where you can store and manage your crypto on the Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, and Base networks. Robinhood Wallet gives you full control over your crypto, which means you hold the private keys to your assets.

Create a new wallet

  1. Select Create a new wallet
  2. Select Use Face ID/Touch ID or Create a custom PIN
  3. Select Back it up to iCloud, Back it up manually, or Skip to back it up later
  4. Select Turn on notifications or Maybe later to turn on later
  5. Select Let's go

We strongly recommend backing up your wallet because it's the only way you can recover your wallet and crypto if you lose or reset your device. If you don’t back up your wallet when you create it, you can do it later in Backups & security. For step-by-step instructions, see back up your wallet.

Import your existing wallet

You can import an existing Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, or Base wallet to Robinhood Wallet by using your existing wallet’s secret recovery phrase.

  1. Select Import your existing wallet
  2. You can either copy and paste, or manually enter your secret recovery phrase
  3. Select Import
  4. Select Continue
  5. Select Use Face/Touch ID or Create a custom PIN
  6. Select Back it up to iCloud, Back it up manually, or Skip to back it up later
  7. Select Turn on notifications or Maybe later to turn on later
  8. Select Let's go

See step-by-step instructions in Fund your wallet with Robinhood Crypto.

Note

Currently, you can’t choose additional addresses to import from an Ethereum, Arbitrum, Polygon, Optimism, or Base secret recovery phrase, but we’re working on supporting this in the future.

Recover your wallet

If you backed up a wallet to your iCloud in the past, you can recover it.

  1. Select Recover your wallet from iCloud
  2. Enter the password to unlock your backup
  3. Select Recover wallet
  4. Select Use Face/Touch ID or Create a custom PIN
  5. Select Continue

Fund your wallet with Robinhood Crypto

You can transfer crypto from a Robinhood Crypto account to fund your Robinhood Wallet. You'll have the option to transfer supported crypto over Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, or Base. You can see which crypto are supported in Robinhood Wallet when you fund it.

  1. HomeMenuTransfer from Robinhood
  2. Choose crypto to transfer
  3. Choose a network
  4. Enter the amount to transfer
  5. Select ReviewSubmit
  6. Enter your one-time code from your authenticator app
  7. Select Return to Robinhood Wallet

You can also fund Robinhood wallet from another wallet or exchange.

Fees

Robinhood currently doesn't charge service fees on token swaps. Fees are subject to change.

Network fees, or gas fees, are blockchain transaction processing fees. These required fees are submitted to the network along with your transaction. These fees fluctuate based on the volume of transactions, confirmation speed, and transaction size for that network.

Network fees may apply for token approvals, transfers to an external wallet, and interacting with dapps.

Robinhood Wallet doesn’t collect any part of the network fee.

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Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

© 2024 Robinhood. All rights reserved.
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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

© 2024 Robinhood. All rights reserved.