Robin Hood, a popular cryptocurrency and equity trading platform, will enter the NFT space with a stand-alone multi-chain Ethereum wallet similar to Web3-focused products like Coinbase and Metamask.
The non-fungible cryptocurrency wallet enables storage of various NFTs designed to be compatible with the NFT marketplace.
With Robin Hood’s waiting list, crypto wallets that will be available by the end of the year will be available to the first 1,000 registered users of the waiting list.
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Robinhood assures new users that their crypto wallet is user-friendly and secure (Crypto News Flash).
Full control with Robin Hood Wallet
With this new standalone crypto wallet, customers have full control over their NFTs and digital assets.
Best of all, this new wallet allows users to enjoy normal crypto trading activities without gas charges.
Robinhood CTO Johann Kerbat said the new cryptocurrency wallet is trying to duplicate the free model well known in Robinhood. Since its main product is stocks, crypto exchange is relatively new to the adoption of crypto.
Robin Hood certainly aims to gain its competitive advantage by leveraging Customer Experience (CX). The company has spoken to many crypto users and has expressed disappointment with the ridiculous transaction fees when buying NFTs or cryptos.
Renewed wallet experience – zero gas charges
This makeshift model is innovative and attractive to more cryptocurrency holders. Robin Hood wants to renew the customer’s wallet experience. Ethereum blockchain users are uncertain how to implement it, as it is heavily congested and requires high fees or $ 100 or more to speed up transactions.
Carbat also said he is committed to working with liquidity partners to get the best deals.
Ethereum is switching to a low-cost proof of stake network, but Robin Hood says he’s not focusing on one option to achieve his vision, but with a variety of solutions in mind. The company is excited to show you how to do that.
BTC total market cap at $570.76 billion on the daily chart | Source: TradingView.com
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How safe is the wallet?
Robin Hood is known for its intuitive design and seamless interface, incorporating these qualities into the new Ethereum wallet.
Robin Hood ensures that new users will find their cryptocurrency wallet user-friendly and secure. There are security protocols that ensure that users receive cryptocurrency funds and NFT-worthy protection.
However, if you lose your private key, the risk of losing your funds is low.
With its design and security features, Robin Hood’s Ethereum wallet stands out next to its competitors without looking like a thumb.
The exchange will release a beta version in the summer and will test the body of water before official takeoff by the end of the year.
Featured image from MarketFeed News, chart from TradingView.com
