Rabinhood on Wednesday (01/03/2023) announced it self-custodial crypto wallet app is now very much available for all iOS users for them to enjoy. Rabinhood wallet was first introduced last year September with over 10,000 users in beta, without any network charges for swapping Polygon’s MATIC tokens. The company was able to have over 1 million users in the month of January. Rabinhood’s wallet app now available for all iOS users.
The company has added the Ethereum blockchain in fold together with support for ERC tokens that are more than 50, like MATIC, UNI, COMP, SHIB, USDC etc, all these happened when the app was firstly launched massively with Polygon.
Several users has complain about wanting to have more access to coins on the more chains, which is one of the major reasons why support was added for Ethereum. The GM of Robinhood wallet, Johann Kerbrat said in one of his blog post, “while we recognize it’s been a tumultuous few months in the crypto space, we remain committed to our mission to make Robinhood wallet the most trusted, lowest cost, and the easiest-to-use on-ramp to crypto”. This made Rabinhood’s wallet app now available for all iOS users
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The Ranbinhood Wallet also help users in holding their Polygon and Ethereum based NFTs. In addition, they can also access apps like Balancer, Uniswap, and Kyberswap. Also, the company stated that they will not change any of their network fee on the Polygon.
Things needed before using Rabinhood’s wallet
Just for security purpose, fintech company has stated that users will need to supply their FaceID/Touch ID unlock or a unique PIN to gain access to the wallet/app anytime. Users will also need to generate and store a recovery phrase, just like MetaMask and some other wallets.
It is stated that the Robinhood app is available across over 130 countries on the Apple App Store, and they are also working about launching that of the Android version later this year also.
The US Security and the Exchanges Commission (SEC) subpoenaed the company over its crypto dealing earlier this week. Whereas, the robo-adviser company Wealthfront has launched a rival stock trading solution that will make users to invest a minimum of $1.
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