Thanks for posting this. I’ve been really curious to see what the user experience would look like with the wallets. I’m sure they’ll get faster when they’re out of beta. 🤞
They need to add a slippage option when transferring coins! Or maybe an "auto network fee" option for basic users. This will cut down the failed transfer rate. (If you beta users can suggest that, it would be a great feature!).
In my experience, I've never lost crypto due to a bad address. The network will reject the address if its wrong, buy you are correct, always test the address first unless its a ENS address
Please I bought crypto on Robinhood through ACH. Waited for days and it appeared in my Holdings. But I can’t find it in my crypto wallet! How do I transfer or move it from my crypto holdings to my crypto wallet
So the wallet is for extra security and to be able to transfer in and out right!. What if I have Ada cardano and transferred it to your yoroi do i have to pay taxes
When you transfer your coins from another exchange to Robinhood, do you know why your "Avg. Cost" remains the same? It makes the "Total Return" bigger making it look like we made more money. Could you please explain? It looks like whatever amount your transfer to Robinhood, this amount gets added to the "Total Return" and the Avg. Cost remains the same. If that makes any sense. I wish they could just adjust the "Cost Basis" after the transfer is completed, but I guess it too complicated.
When I joined the wait list I didn't have to do a ID bs. Now they ask me the ID I sent is bad so how TF am I still using the app before when I did provide them ID to use their platform. I just got a noticed from them after they said they are reviewing my profile before sending & receiving but while waiting I can buy & sell. They have my ID on file & they want me to send it again to see if it's me in order to do the wallet access. Its ass backwards & hate this as I'm already approved using the platform itself so I shouldn't need to be asked again & again for ID when they already have it.
You should a receive a cost basis of 0 since you didn’t buy it. As far as taxes I would recommend you look them up as it depends on the state you live in and speak with a tax professional.
What happen if you transferred coins to the same Robinhood wallet twice? Does Robinhood make sure to complete the transfer or give you the coins back? Please advise
Hmmmm.....maybe it is taking so long because they want the real holders of the crypto to get a good deal before giving "you" what "you" think you have in shares!! I'm totally making this up....but with all this dark pool talk....and middle-man brokerages, I'm not shocked that it didn't transfer immediately.
Yo great video bro! Could you try BSV to a HandCash and see how fast it is. BSV has zero confirmation transfers between wallets so transfers are instant. But Robinhood might ask for 6 confirmation. But just curious. Thanks
Robinhood currently supports Bitcoin, Bitcoin cash, Bitcoin SV, Doge, ETH, ETH Classic and Litecoin. They stated they want to support more in 2022 like Shiba Inu but its no solid timeline just yet.
I am from England where i work as a journalist until i met Expert Mrs AVA. Mrs AVA is legit and her method works like magic. I keep earning every single week with her new strategy.
Thanks for introducing me to her; my first investment with Mrs AVA gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known.
I literally watched this whole video thoroughly from start to up to this point @11:40 just to see your reaction I’m so disappointed with robinhood 1 of 10 transactions sending doge u get lucky and it takes less than ten minutes but it’s the worst ever no other wallets I ever used in my life takes this long that’s why I do not like centralized systems and I stick to decentralized wallets . I love the robinhood Interface and the fact that I can also dabble between stocks but dogecoin does not take more than 3-5 mins to complete a transfer everrrrrr most it takes is 2 minutes usually around 10-30 seconds start to finish to complete I don’t know who ROB IN DA HOOD Think they are fooling ….
It’s really strange honestly. I did it again about two weeks ago and it transferred in a minute. But then tried yesterday and it took about 45mins so idk what’s up with that. Dogecoin transactions speeds as we know are extremely fast so I agree with you it’s unacceptable.
this is the first robinhood crypto wallet video on youtube.
Tried to be the 1st for y’all
@@DollarMike am off the waitlist... I cant as of now I cant receive Ethereum.... maybe RH is waiting for fees to go down before implementing that.
Thanks for posting this. I’ve been really curious to see what the user experience would look like with the wallets. I’m sure they’ll get faster when they’re out of beta. 🤞
Definitely! I transferred more Dogecoin today. Only took about 25mins. Still slow to initiate but faster than before.
how do you make a wallet?
Thanks nephew I had absolutely no idea what I was doing...much appreciated it
That’s great man I remember you were number 1 on the list💪🏼💪🏼
They need to add a slippage option when transferring coins! Or maybe an "auto network fee" option for basic users. This will cut down the failed transfer rate.
(If you beta users can suggest that, it would be a great feature!).
Will do!
I’m not getting the send and receive option my app is updated as well anyone know why or having same issue?
Great video. Very helpful. Have you tried transferring out ethereum? And how long did it took to hit your other wallet?.
Dollar Mike we all know what 2FA is, We want you to show us the steps on the iphone from A to Z how you accomplish to get to the code
I'm about 860k on the waitlist, at this pace, maybe my grandkids will have access. 🤦🏿♂️🤦🏿♂️🤣🤣
lol Hopefully they’re faster than that
lmaooo
LMAO. You made me feel better. I was 147565, now im 52177
I got in just now.. I was way low on the list. But now scared to use it lol. Too many ways to mess this up
In my experience, I've never lost crypto due to a bad address. The network will reject the address if its wrong, buy you are correct, always test the address first unless its a ENS address
How do you test it.. send small amount?
Please I bought crypto on Robinhood through ACH. Waited for days and it appeared in my Holdings. But I can’t find it in my crypto wallet! How do I transfer or move it from my crypto holdings to my crypto wallet
How do I change my wallet address? I can’t send to same address twice
What if I have a cypto position in my wallet that Robinhood does not support yet, how can I withdraw my funds from the Robinhood wallet?
What if I buy some on Robinhood
Then put them all in a wallet
Then buy more on Robinhood
And i put the coins in a wallet back in to Robinhood?
Can I transfer crypto from Robinhood to my Coinbase wallet
Yes
@@bobisgio
How
it still dont work for me im trying to send it , when i hit receive it wont let me copy or insert the recieve address on my robinhood
Coinbase was never hacked, the individual customers on coinbase had their keys or password discovered
So the wallet is for extra security and to be able to transfer in and out right!. What if I have Ada cardano and transferred it to your yoroi do i have to pay taxes
When you transfer your coins from another exchange to Robinhood, do you know why your "Avg. Cost" remains the same? It makes the "Total Return" bigger making it look like we made more money. Could you please explain?
It looks like whatever amount your transfer to Robinhood, this amount gets added to the "Total Return" and the Avg. Cost remains the same. If that makes any sense. I wish they could just adjust the "Cost Basis" after the transfer is completed, but I guess it too complicated.
Ok so can I still trade even if I have the cripto in a wallet
Why is there a wait list? I'm tired of waiting months to get access. I just want to transfer to a ledger already
That means they obviously are being naughty i was also on they waitlist since it started but I got off about 2 months ago I think
I've completed the verification process it's says 1-3days now it's 7days still not verified got any info on that
Robinhood wallets aren't out till end of summer
A decent amount of people have access to them now
How do I find my private key? Is it the password you set up at the beginning?
12th person on line. How did you get the news so early? I was originally number 147,565 in line. I'm finally at 52,177
Robinhood will not let you send to a segwig address only legacy
R.H wallet sucks. Been trying to transfer eth to my metamask, takes forever just to recieve a notice that the transaction failed smh.
When I joined the wait list I didn't have to do a ID bs. Now they ask me the ID I sent is bad so how TF am I still using the app before when I did provide them ID to use their platform.
I just got a noticed from them after they said they are reviewing my profile before sending & receiving but while waiting I can buy & sell. They have my ID on file & they want me to send it again to see if it's me in order to do the wallet access.
Its ass backwards & hate this as I'm already approved using the platform itself so I shouldn't need to be asked again & again for ID when they already have it.
If I receive Bitcoin from a friend on robinhood, would I have a cost basis? Like what taxes would I pay if I sold?
You should a receive a cost basis of 0 since you didn’t buy it. As far as taxes I would recommend you look them up as it depends on the state you live in and speak with a tax professional.
Helpful! Thanks!
What happen if you transferred coins to the same Robinhood wallet twice? Does Robinhood make sure to complete the transfer or give you the coins back?
Please advise
the UI looks pretty clean - thanks for posting this!
super simple for sure and thanks!
Which coinbase crypto wallet should I download?
Hey guys, I made a transfer from FTX to Robinhood with the wrong network, does anyone know if it is possible to recover my funds?
How u set it up
Let’s goooo, bro!
Hmmmm.....maybe it is taking so long because they want the real holders of the crypto to get a good deal before giving "you" what "you" think you have in shares!! I'm totally making this up....but with all this dark pool talk....and middle-man brokerages, I'm not shocked that it didn't transfer immediately.
Does sending crypto from Robinhood wallet to an external wallet a taxable event in Robinhood?
Good question .. did you figure it out?
Yo great video bro! Could you try BSV to a HandCash and see how fast it is. BSV has zero confirmation transfers between wallets so transfers are instant. But Robinhood might ask for 6 confirmation. But just curious. Thanks
HandCash is an application wallet on iOS and android
Can u sell ur crypto off the app?
Thank you! Great content, keep it up DM.
Quick question, would it be possible to transfer crypto to a cold storage wallet such as a trezor directly from the Robinhood wallet ?
Yup I did it personally to my ledger
Awesome exact walk through I could find on yt
How do you get the send receive enabled?
Should come automatically
What currencies are supported now ?
Robinhood currently supports Bitcoin, Bitcoin cash, Bitcoin SV, Doge, ETH, ETH Classic and Litecoin. They stated they want to support more in 2022 like Shiba Inu but its no solid timeline just yet.
@@DollarMike Polygon
I only see buy and sell no send or receive
Have you heard anything about New York in relation to being able to use the Robinhood Crypto Wallet when it releases fully? Thank you for your time!
I haven’t heard much recently, New York has strict crypto laws compared to other states so I’m sure that’s the holdup.
@@DollarMike That's what it seems like.
I am from England where i work as a journalist until i met Expert Mrs AVA. Mrs AVA is legit and her method works like magic. I keep earning every single week with her new strategy.
Investing with expert Mrs AVA has been the best steep I have ever took in my life, may God bless that day I meet her
@Precious Chimdawu Yes I'm also a living testimony of AVA
I'm happy today because of expert Mrs AVA!
@@banamusa1518 Wow I'm just shocked someone mentioned expert Mrs AVA. How did you met her? I thought am the only one trading with her.
She help me recovered what i lost trading for myself.
Thanks for introducing me to her; my first investment with Mrs AVA gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known.
Wao its hard it should be more user friendly
Ayyyy let’s see it
Genius
Love this!
I literally watched this whole video thoroughly from start to up to this point @11:40 just to see your reaction I’m so disappointed with robinhood 1 of 10 transactions sending doge u get lucky and it takes less than ten minutes but it’s the worst ever no other wallets I ever used in my life takes this long that’s why I do not like centralized systems and I stick to decentralized wallets . I love the robinhood Interface and the fact that I can also dabble between stocks but dogecoin does not take more than 3-5 mins to complete a transfer everrrrrr most it takes is 2 minutes usually around 10-30 seconds start to finish to complete I don’t know who ROB IN DA HOOD Think they are fooling ….
It’s really strange honestly. I did it again about two weeks ago and it transferred in a minute. But then tried yesterday and it took about 45mins so idk what’s up with that. Dogecoin transactions speeds as we know are extremely fast so I agree with you it’s unacceptable.
Doge Army assemble!
All that kinda stuff!
When Robinhood worldwide ?
I don’t think they have an estimate just yet but I’d say for everyone by end of year. Maybe sooner assuming it’s no problems they run into.
Yeah its rediculous,I was like 490k then was bumped down to 600k
Say it dont spray it
5:05 he spits
I heard trezor is better
Yeah I think both are solid options. I haven’t don’t much research on the Trezor.
💪💪💪
Can I transfer robinhood to coinbase pro
Yes
Is it a taxable event to transfer it each time back and forth? Or only when you actually sell it?
No.