Robinhood Wallet: keys, security, fees and reviews
Software wallet
In short
- Key control
- Self-custodial: the user holds the private keys; Robinhood has no access to keys, wallet password or recovery phrase.
- Fees
- Swaps: Robinhood Wallet swap fee 0.80% (same-chain) or 0.73% (cross-chain), plus a DEX provider fee of 0.05%–0.12% and network fees.
- Risks and caveats
- Losing the secret recovery phrase without a backup can mean losing the funds; Robinhood support cannot recover it.
- Checked
- 28 October 2026
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Key facts
- Wallet type
- Software wallet
- Who holds the keys
- the user (self-custody)
- Developer
- Robinhood Markets, Inc.
- Platforms
- iOS
- Official site
- robinhood.com/us/en
Key facts checked on 28 October 2026 against official sources.
What is Robinhood Wallet
Robinhood Wallet is a self-custody mobile wallet for iOS and Android from Robinhood, separate from the main Robinhood app and from Robinhood Crypto accounts. Announced on 17 May 2022 and opened to the public in early 2023, it holds and swaps crypto on Ethereum, Bitcoin, Solana, Dogecoin, Arbitrum, Polygon, Optimism, BNB Smart Chain, Base and Robinhood Chain.
Who holds the keys
| Parameter | Details |
|---|---|
| Key control | Self-custodial: the user holds the private keys; Robinhood has no access to keys, wallet password or recovery phrase. |
| Seed phrase | A secret recovery phrase is the only way to recover the wallet; Robinhood cannot help recover it. |
| Recovery | Back up manually or with a password-protected backup to iCloud or Google Drive. |
| Custodian | None; the wallet is operated by Robinhood Non-Custodial, Ltd. and is separate from custodial Robinhood Crypto accounts. |
Features and supported networks
| Parameter | Details |
|---|---|
| Platforms | Separate mobile app for iOS and Android. |
| Supported networks | Send and receive on Ethereum, Bitcoin, Dogecoin, Solana, Polygon, Arbitrum, Optimism, BNB Smart Chain, Base and Robinhood Chain. |
| Swaps | Same-chain and cross-chain swaps through the 0x API and LI.FI DEX aggregators. |
| Buy / sell | Buy via Robinhood Connect (debit card, bank, buying power) or Sardine where available; transfer from a Robinhood Crypto account. |
| dApp browser | Web3 browser for dApps on Ethereum, Polygon, Arbitrum, Optimism, BNB Smart Chain, Base and Robinhood Chain. |
| NFTs | Receive NFTs on Ethereum and Polygon. |
| Other products | Leveraged perpetual futures settled on-chain from the self-custody wallet. |
Security and audits
- App access is protected by biometrics or a 6-digit PIN.
- Robinhood never supplies recovery phrases; anyone offering one to import is a scammer.
Fees
| Parameter | Details |
|---|---|
| Swaps | Robinhood Wallet swap fee 0.80% (same-chain) or 0.73% (cross-chain), plus a DEX provider fee of 0.05%–0.12% and network fees. |
| Network fees | Network (gas) fees go to the blockchain; Robinhood Wallet takes no part of them. |
History
| Date | Event |
|---|---|
| 17 May 2022 | Robinhood announced a standalone non-custodial web3 wallet. |
| 2023 | Launched to the general public in early 2023. |
| 30 August 2023 | Bitcoin and Dogecoin support added; in-app Ethereum swaps began rolling out. |
Risks and caveats
- Losing the secret recovery phrase without a backup can mean losing the funds; Robinhood support cannot recover it.
- Crypto in the wallet is not FDIC insured or SIPC protected.
- Not available to residents of jurisdictions sanctioned under US law; availability may depend on local regulatory approval.
- Perpetual futures use leverage; small price moves can wipe out the posted margin.
About the developer
- Legal entity
- Robinhood Non-Custodial, Ltd., a limited company organized in the Cayman Islands (with third-party providers).
- Parent company
- Robinhood, headquartered at 85 Willow Road, Menlo Park, California.
- Licence / registration
- In the UK the wallet is not authorised or regulated by the FCA and is not provided by Robinhood UK Ltd.
Official links
- Website: robinhood.com/us/en/crypto/wallet
- Support: robinhood.com/us/en/support/articles/robinhood-wallet
- Docs: robinhood.com/us/en/support/articles/robinhood-wallet-faqs
Questions and answers
Is Robinhood Wallet self-custodial?
Yes. The user holds the private keys and recovery phrase; Robinhood has no access to them and cannot recover them.
Is Robinhood Wallet the same as Robinhood Crypto?
No. Robinhood Wallet is a separate self-custody app run by Robinhood Non-Custodial, Ltd.; Robinhood Crypto is a custodial account from Robinhood Crypto, LLC.
Which networks does Robinhood Wallet support?
Ethereum, Bitcoin, Dogecoin, Solana, Polygon, Arbitrum, Optimism, BNB Smart Chain, Base and Robinhood Chain.
Does Robinhood Wallet charge fees?
Swaps carry a Robinhood Wallet fee of 0.80% same-chain or 0.73% cross-chain, plus DEX provider and network fees.
Sources
- apps.apple.com
- Robinhood — Robinhood Wallet page
- Robinhood Help — Robinhood Wallet
- Robinhood Help — Robinhood Wallet FAQ
- Robinhood Help — Send, receive, and swap crypto
- Robinhood Help — Protect your wallet
- Robinhood Help — Robinhood Wallet perpetual futures
- Robinhood Newsroom — Robinhood Announces Non-Custodial Wallet (17 May 2022)
- Robinhood Newsroom — Robinhood Wallet adds Bitcoin and Dogecoin (30 August 2023)
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