Send, receive, and swap crypto | Robinhood

Send, receive, and swap crypto

You can send, receive, buy or transfer, or swap crypto with your Robinhood Wallet.

Send crypto

You can send crypto from Robinhood Wallet to any address or exchange that supports Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism or Base transfers. Make sure you transfer crypto over the same network. For example, only send crypto on Polygon to another wallet or exchange that supports Polygon.

iOS or Android

  1. HomeMenuSend
  2. Scan the code or enter the address manually
  3. Choose crypto to send
  4. Enter the amount you’d like to send
  5. Select ReviewAccept and ContinueSubmit
  6. Use biometrics, Face ID or PIN
  7. Select Done

Remember to only send crypto to people and entities you know and trust. For more safety tips, review how to identify and report scams.

Receive crypto

You can receive crypto from other self-custody wallets on Ethereum, Bitcoin, Dogecoin, Arbitrum, Polygon, Optimism, or Base. To receive crypto from an exchange, make sure you verify that the exchange supports withdrawals for that crypto on one of the supported networks.

iOS or Android

  1. HomeMenuReceive
  2. Scan the QR code or enter the address manually
  3. Send to My Wallet

Remember to only receive crypto from people and entities you know and trust. For more safety tips, see how to identify and report scams.

Buy and transfer crypto

iOS or Android

  1. HomeMenuTransfer from Robinhood
  2. Choose a crypto to transfer
  3. Choose the network if the crypto is available on multiple networks
  4. Complete you transfer with Robinhood Crypto
  5. Select Return to Robinhood Wallet

To buy crypto through Sardine on iOS or Android:

  1. HomeMenuBuy
  2. Choose a crypto to buy
  3. Choose the network if the crypto is available on multiple networks
  4. Continue with your transaction on Sardine
  5. Once you confirm your order on Sardine, you’ll be taken back to Robinhood Wallet

Swap crypto

You can swap crypto on the Ethereum and Polygon networks via 0x API and LI.FI, decentralized exchange (DEX) aggregators, and the Arbitrum network via LI.FI. Keep in mind, you can only swap tokens that are supported on those networks, and available through 0x API or LI.FI.

Learn how to swap crypto across networks.

iOS or Android

  1. Search for the token you’d like to swap
  2. Select SwapSwap to or Swap from
  3. Enter the amount you’d like to swap
  4. Select the token to swap
  5. Select ReviewSwipe to swap

Your swap may execute with a rate that is either guaranteed or estimated.

A rate that is guaranteed is locked in for 30 seconds before they automatically refresh. 0x API or LI.FI try to fill your order by routing to a market maker. If a market maker is offering a competitive quote, it’s a guaranteed rate. When rates are guaranteed, there’s no difference, or slippage, between the quoted price and the execution price.

Keep in mind, orders will only execute if they fall above or below the slippage tolerance (a percentage of the total swap value) that you choose.

A rate that is estimated is continually refreshed to give you the best price possible. If no market makers have a quote available, 0x API or LI.FI route your order to a network of automated market makers (AMM) to find the best available rate. Your order will execute if it falls within the slippage tolerance that you select, which means the executed price may differ from the quoted price. The order won’t execute if the rate goes beyond that threshold above or below the quoted price.

Your balances will automatically update after your transaction has been processed on the blockchain.

Keep in mind

You’ll need to approve most tokens to be swapped by 0x API and LI.FI the first time you swap them. These token approvals help protect your crypto from others who might try to access it without your permission.

Swap crypto across networks

Cross-chain swaps allow you to swap crypto across different EVM (Ethereum virtual machine) networks including Ethereum, Arbitrum, Polygon, Optimism, and Base networks. Learn more about cross-chain swap security risks.

To swap crypto across networks from the homepage:

  1. Select Swap
  2. Choose the network and crypto to swap to
  3. Choose the network and crypto to swap from
  4. Enter the amount
  5. Select Review
  6. Swipe to swap

You can also swap crypto across networks from a crypto detail page:

  1. Select Swap
  2. Choose Swap to... or Swap from...
  3. Choose the network and crypto
  • Your token pair will automatically update to a token on the same network. You’ll need to perform the following steps to swap across networks:
  1. From the token selector, select the token you want to change
  2. Choose the network and crypto to swap
  3. Enter the amount
  4. Select Review
  5. Swipe to swap
Note

The time to complete varies due to network activity and other factors, and may take longer than estimated. You can view this when reviewing your order. Keep in mind, cross-chain swaps typically take longer.

Fees, timing, and liquidity

The following are types of fees that may apply for different activities. Fees are subject to change.

Estimated fees are the breakdown of the individual fees that are not included in the swap rate that will be paid from the native token balance.

Rates are sourced from multiple providers to find the best one, and may differ from the market rate due to volatility, liquidity, and other factors.

Estimated total is the value of crypto you receive, which accounts for fees that may be included in the swap rate. This estimate may differ from the final total at execution due to volatility and slippage.

Swap 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.

Partner fees are paid to decentralized exchange (DEX) aggregators to process the transaction.

Bridge fees are charged by third parties to execute swaps across networks.

Token approval network fees may be required the first time you swap a token on each DEX.

Robinhood Wallet doesn’t receive or collect any part of these fees.

Time to complete

While Robinhood Wallet makes a best effort to get the swap complete as fast as possible, the time to complete a cross-chain is typically longer than a same-chain swap and can be difficult to accurately predict due to many factors like bridge liquidity, network fee volatility, etc.

Limited liquidity

Bridging assets to new networks doesn't guarantee access to necessary liquidity for functions like borrowing, lending, and swapping. Before doing a cross-chain swap, check that the token is supported on the destination network. In some circumstances, a cross-chain swap may fail because of limited liquidity or inadequate slippage. If a cross-chain swap fails, the DEX will attempt to return the same asset and quantity to your wallet that you originally attempted to swap. However, it’s possible that you receive a different token and non-exact quantity in your wallet. You should receive a push notification and in-app notification when this occurs.

Disclosures

Our self-custody crypto wallet and related services are offered through Robinhood Non-Custodial, Ltd., a limited company organized in the Cayman Islands, and other third-party providers. Crypto held through the Robinhood Self-Custody Wallet isn't FDIC insured or SIPC protected. Availability may be subject to regulatory approval in certain jurisdictions.

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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). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. 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. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood 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.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.