Robinhood Starts To Allow Bitcoin Withdrawals

• Some users tin present retreat their bitcoin from Robinhood.
• The diagnostic is rolling retired successful phases to those connected the waitlist.
• Robinhood said it expects to rotation retired the diagnostic to 10,000 customers by March.

Robinhood has started rolling retired its long-awaited bitcoin withdrawal feature. The institution said successful a Thursday statement that immoderate users successful the WenWallets waitlist person begun taking portion successful the functionality arsenic beta testers, trying retired the caller cryptocurrency wallets.

“This is the 2nd large milestone successful our Wallets rollout, which volition alteration Robinhood customers to nonstop and person their crypto from Robinhood to outer crypto wallets, and afloat link Robinhood crypto holders to the greater blockchain ecosystem for the precise archetypal time,” per the statement.

The diagnostic is halfway to the acquisition of owning bitcoin due to the fact that self-custody is the lone existent mode for a idiosyncratic to person power implicit their funds.

Robinhood said it started rolling retired the cryptocurrency wallets connected Thursday to 1,000 users from the apical of the waitlist, incrementally inviting much users until reaching the 10,000 testers people by March, astatine which constituent the institution plans to rotation retired the diagnostic to the remainder of the users successful the waitlist.

“Beta testers volition assistance america trial halfway functionality and supply captious feedback to pass the last mentation of the product,” per the statement. “Over the duration of the Beta program, we volition finalize the nonstop and person flows, adhd delightful QR scanning experiences, amended the transaction past interface, and adhd artifact explorer enactment to supply much insights into their on-chain transactions.”

Robinhood said it would besides see the quality for a idiosyncratic to cipher dollar amounts of their cryptocurrency holdings erstwhile sending and receiving funds. However, beta testers volition person a regular bounds of $2999 worthy of bitcoin to retreat successful astatine astir 10 transactions. Two-factor authentication volition besides beryllium required.