Robinhood Wallet is a separate, self-custody crypto app from Robinhood. You hold the keys, not Robinhood. It lets you send, receive and swap tokens across networks including Ethereum, Bitcoin, Solana, Base, Arbitrum and Robinhood’s own Robinhood Chain, and connect to dApps. That makes it different from crypto in the main Robinhood app, where Robinhood holds your coins. Our take: it is a clean, beginner-friendly wallet with useful safety labels. Its swap fee of 0.80% (0.73% cross-chain) is higher than some rivals, and it supports fewer chains than the biggest multichain wallets.
- Robinhood Wallet is non-custodial. Robinhood cannot see or recover your secret recovery phrase.
- Send and receive works on 10 networks. Swaps work on eight, via the 0x and LI.FI aggregators.
- Robinhood charges 0.80% on same-chain swaps and 0.73% on cross-chain swaps, plus aggregator and network fees.
- You can fund it from a Robinhood Crypto account, or buy through Robinhood Connect or Sardine where available.
- Crypto in the wallet is not FDIC insured or SIPC protected.
What is Robinhood Wallet?
Robinhood Wallet is a standalone app for iOS and Android. Robinhood’s disclosures say it is offered through Robinhood Non-Custodial, Ltd., a Cayman Islands company, together with third-party providers. When you create a wallet, the app generates a secret recovery phrase on your device. Whoever holds that phrase controls the funds.
That is the key difference from the trading side of Robinhood. In the main Robinhood app, Robinhood Crypto, LLC holds coins on your behalf, and you can recover your account through customer support. In Robinhood Wallet, nobody can restore access if you lose both your device and your phrase. If you mainly want to buy and sell, our Robinhood crypto review covers the trading app. This page covers the self-custody wallet.
Robinhood Wallet vs Robinhood app: custodial vs self-custody
The Robinhood app is a custodial account where Robinhood holds your coins, and Robinhood Wallet is a self-custody app where you do. That one difference drives most of the others:
| Robinhood app (Robinhood Crypto) | Robinhood Wallet | |
|---|---|---|
| Who holds the keys | Robinhood Crypto, LLC | You, through your secret recovery phrase |
| Losing access | Recover the account through Robinhood support | Only your phrase or encrypted cloud backup restores it |
| How you trade | Buy and sell against US dollars, paying a spread or an exchange-routing fee | Swap tokens on-chain, paying Robinhood’s 0.80% or 0.73% fee plus provider and network fees |
| On-chain use | Send and receive supported coins | Connect to dApps, hold NFTs and use networks such as Base, Arbitrum and Robinhood Chain |
| Protection | Crypto is not covered by SIPC | Not FDIC insured or SIPC protected |
Many people use both. The app handles buying with dollars, and the wallet holds tokens they want to use on-chain. The built-in transfer links the two for Ethereum, Bitcoin, Dogecoin, Solana and Polygon.
Robinhood wallet supported networks
According to Robinhood’s support pages as of October 2026:
| Network | Send / receive | Swap in app | Transfer from Robinhood Crypto |
|---|---|---|---|
| Ethereum | Yes | Yes | Yes |
| Bitcoin | Yes | No | Yes |
| Solana | Yes | Yes | Yes |
| Dogecoin | Yes | No | Yes |
| Polygon | Yes | Yes | Yes |
| Arbitrum | Yes | Yes | No |
| Optimism | Yes | Yes | No |
| Base | Yes | Yes | No |
| BNB Smart Chain | Yes | Yes | No |
| Robinhood Chain | Yes | Yes | No |
Robinhood Chain is Robinhood’s Ethereum layer-2 network, built on Arbitrum technology. It went live on public mainnet on 1 July 2026 and is aimed at tokenized assets and DeFi. Robinhood has run time-limited promotions covering some Robinhood Chain network fees and waiving its swap fee on certain inbound swaps to the chain. These vary by region and end dates, so check the current promotion page before you count on them.
Robinhood wallet fees
Robinhood’s support page lists these fees for swaps. All are included in the quoted rate except network fees.
| Fee | Rate | Who receives it |
|---|---|---|
| Robinhood Wallet swap fee, same-chain | 0.80% | Robinhood |
| Robinhood Wallet swap fee, cross-chain | 0.73% | Robinhood |
| 0x provider fee | 0.05% | 0x (DEX aggregator) |
| LI.FI provider fee | 0.05% same-chain, 0.12% cross-chain | LI.FI (DEX and bridge aggregator) |
| Network (gas) fees | Varies with network demand | Blockchain validators |
| Bridge fees, token approval gas, Solana account creation | Varies | Third parties / network |
Sending and receiving crypto carries only network fees. Robinhood says fees are subject to change. A failed swap still costs network fees, so slippage settings matter. Other wallets also charge their own swap fees, so frequent swappers should compare the final amount received across apps.
Robinhood Wallet fees vs trading in the Robinhood app
A same-chain swap in the wallet costs roughly 0.85% before gas when it routes through 0x: 0.80% to Robinhood plus 0.05% to the aggregator. On a $1,000 swap that comes to about $8.50, plus the network fee. The main Robinhood app has no swap function. Going from ETH to USDC there takes a sale and a purchase, and each leg carries its own cost. On default routing that cost is a spread, of which Robinhood said it received $0.95 per $100 as of 15 June 2026. With exchange routing it is a visible fee of 0.00%–0.95% based on 30-day volume. Neither app is cheaper in every case, so price the full round trip for the trade you actually plan.
One limited-time exception is worth checking. Robinhood has waived its own swap fee for selected wallet users on eligible inbound swaps into Robinhood Chain: stablecoins such as USDC, USDT or DAI into USDG, and ETH or WETH into ETH, starting from networks including Ethereum, Base, Arbitrum and Solana. As of October 2026 the support page gave no end date, and network and provider fees still apply. Swaps out of Robinhood Chain pay the standard rate.
Security: seed phrase, backups and risk labels
- App lock: you must set up biometrics or a six-digit PIN to open the app.
- Secret recovery phrase: generated on your device. Robinhood says it never has access to it and will only ask you to enter it when recovering a wallet inside the app. Anyone else asking for it is a scammer.
- Cloud backup option: you can save an encrypted backup to iCloud or Google Drive, protected by a password that Robinhood cannot recover. This is convenient but ties your security to your cloud account. A written, offline copy is still the safest primary backup.
- Risk labels: Robinhood Wallet uses Blockaid to screen tokens, labelling them Spam, Warning or Suspicious. Spam airdrops are hidden by default. Robinhood notes that the absence of a label does not mean a token is safe.
- Token approvals: most tokens need a one-time approval before swapping. Robinhood recommends reviewing and revoking approvals, especially given the extra risk of cross-chain bridges.
We found no widely reported compromise of the app’s key management as of October 2026, but self-custody security depends mostly on how you protect your phrase. Our guide to non-custodial wallets explains the trade-offs, and the wallets and security hub covers broader protection.
Is Robinhood Wallet safe if something happens to Robinhood?
Your coins do not depend on Robinhood’s balance sheet the way custodial holdings do. They sit at blockchain addresses controlled by your recovery phrase, so platform risk is lower than in the main app. The trade-off is that user risk is higher. The most common losses in self-custody come from people typing their phrase into a fake support chat or website, signing a malicious approval, or installing an impostor app that copies a real wallet’s name and icon. Install the app only from the official App Store or Google Play listing published by Robinhood, and treat any request for your phrase as an attack. Our guide to spotting fake crypto wallets shows how clone apps work.
Moving coins from the Robinhood app to Robinhood Wallet
- Install Robinhood Wallet, create a wallet and back up your recovery phrase.
- In the wallet, tap Transfer from Robinhood.
- Pick the crypto and a supported network: Ethereum, Bitcoin, Dogecoin, Solana or Polygon.
- Enter the amount and review.
- Confirm with the one-time code from your authenticator app, then return to the wallet.
The coins arrive once the network confirms. Moving crypto to self-custody is not a sale and does not usually trigger tax, but keep records of your cost basis.
dApps, NFTs and other features
- dApp connections: connect to decentralized apps on supported networks, so you can use DEXs and lending protocols directly.
- NFTs: view and manage NFTs on supported chains.
- Buying: buy with a debit card, bank account or Robinhood buying power through Robinhood Connect, or with a debit or credit card through Sardine where available.
- Stock Tokens and perpetual futures: introduced in 2026 for eligible users in some countries. Perpetual futures are restricted in several jurisdictions, including the US.
How swaps work in the Robinhood wallet app
Swaps are routed through two aggregators, 0x and LI.FI, which search market makers and decentralized exchanges for a price. Robinhood’s support page explains that you will see one of two kinds of quote:
- Guaranteed rate: a market maker commits to a price, which is locked for 30 seconds before it refreshes. There is no slippage between quote and execution.
- Estimated rate: if no market maker quotes, the order goes to automated market makers (liquidity pools). The final price can move within your chosen maximum slippage. If the price moves beyond it, the swap fails, and you still pay the network fee.
Cross-chain swaps use third-party bridges and take longer. If one fails for lack of liquidity, the aggregator tries to return your original asset, but Robinhood warns you could end up with a different token or amount. For large cross-chain moves, a small test swap first is sensible. Also check that the token you want actually has liquidity on the destination network.
Pros and cons
Pros
- True self-custody with a simple, polished interface.
- Easy funding from an existing Robinhood account.
- Built-in token risk labels and spam filtering.
- Cross-chain swaps across eight networks in one app.
Cons
- A 0.80% same-chain swap fee, before aggregator and network fees.
- Fewer networks than leading multichain wallets.
- No swaps on Bitcoin or Dogecoin.
- Cloud backup is optional but tempting, and weaker than an offline phrase.
Who Robinhood Wallet is best for
It fits existing Robinhood customers who want to take custody of their coins, or try DeFi on Ethereum layer-2s, Solana or Robinhood Chain, without learning a completely new ecosystem. The direct transfer from Robinhood Crypto and the built-in risk labels lower the learning curve. Heavy DeFi users, NFT traders on many chains and people who swap often may prefer a wallet with broader chain support or lower swap costs. Holders of large long-term balances should consider a hardware wallet, whichever software wallet they use day to day.
Robinhood crypto wallet vs MetaMask, Phantom and Trust Wallet
| Robinhood Wallet | MetaMask | Phantom | Trust Wallet | |
|---|---|---|---|---|
| Focus | Robinhood users, EVM chains plus Solana and Bitcoin | Ethereum and EVM chains, plus Solana and Bitcoin | Solana-first, multichain | Very broad multichain |
| Custody | Self-custody | Self-custody | Self-custody | Self-custody |
| In-app swap fee | 0.80% / 0.73% | Charges a swap fee (check current rate) | Charges a swap fee (check current rate) | Varies by provider |
| Funding from a brokerage | Direct from Robinhood | Via on-ramps | Via on-ramps | Via on-ramps |
For more options, see our Trust Wallet review and our ranking of the best mobile crypto wallets.
FAQ
Is Robinhood Wallet safe?
The app uses device-level encryption, biometric or PIN locks and Blockaid risk screening, and Robinhood never holds your recovery phrase. The main risks are the usual self-custody ones: losing or leaking your phrase, approving malicious contracts and bridge failures in cross-chain swaps. Keep an offline backup and review approvals regularly.
Is Robinhood Wallet the same as Robinhood Crypto?
No. Robinhood Crypto is the custodial trading service inside the main Robinhood app, where Robinhood holds your coins. Robinhood Wallet is a separate app where you hold your own keys and can use dApps. You can transfer supported coins from Robinhood Crypto into the wallet.
Do I need a Robinhood account to use Robinhood Wallet?
You can create a self-custody wallet and receive crypto without a Robinhood brokerage account. A Robinhood login is needed if you want to fund the wallet through Robinhood Connect or transfer from Robinhood Crypto. Availability varies by country.
Does Robinhood Wallet support Bitcoin?
Yes, you can send, receive and hold Bitcoin and transfer it in from Robinhood Crypto. In-app swaps are not available on the Bitcoin network, so to trade BTC you would send it to an exchange or use a cross-chain route with another wallet.
Should I use Robinhood Wallet or the Robinhood app?
Use the app if you mainly buy, sell and hold coins with dollars and want support to recover your account. Use the wallet if you want to hold your own keys, use DeFi or reach Robinhood Chain.
Crypto is volatile and risky; this is education, not financial advice. Do your own research.
