How to Signup for Robinhood Web3 Wallet with Non custodial Zero Gas Fee Wallet

I will show you how to signup for Robinhood Web3 wallet via its waiting list. First, what is Robinhood Web3 wallet. As the TradFi and Defi financial sectors continue to blend, popular TradFi stock trading app Robinhood has announced a non-custodial mobile wallet for web3. Non-custodial mean you control and hold the key not Robinhood. The wallet won’t charge “network fees,” according to the company’s blog post on the release — gas fees are often a major pain point in interacting with DeFi protocols. Especially, networks like Ethereum. Also during contested times Avalanch, Fantom and others gas fees can be pricey. If you are doing multiple Defi interactions, you gas fees will add up even in cheaper token networks. If Robinhood Web3 wallet pays them, users will be able to access DeFi with far less friction.

The Web3 wallet will allow users to buy and store NFTs as well as generate yield in the broader open finance ecosystem.

“There’s gotta be a way to get all the security and privacy benefits of self-custody with the low cost, simplicity, and mobile-first design that you’re accustomed to from a TradFi product like Robinhood,” Vlad Tenev, co-founder of Robinhood, said, teasing the wallet before introducing it at Permissionless, a crypto event.

Robinhood has slowly become more “crypto native” over the years. In 2018, Robinhood App launched cryptocurrency trading, but without the ability to transfer tokens to external wallets. In 2021, Robinhood Crypto unveiled plans to enable external withdrawals that allow users to on-ramp into the DeFi ecosystem through Robinhood Crypto while paying Gas fees to withdraw funds to non custodial wallets like Metamask.

With its new Web3 wallet, Robinhood is leaning further into crypto and will be competing with existing non-custodial wallets. Previously, people would need to transfer their assets out of Robinhood to a wallet like Metamask in order to access DeFi. Now, people will be able to stay within the Robinhood ecosystem with more freedom in terms of crypto interaction. When Robinhood Web3 wallet is support on all Defi platforms and protocols, uses can on-ramp into crypto without fees. It is fantastic competition for those like of Coinbase, Binance, FTX, Huobi Global and other Centralized Exchanges that charges large fees to fiat-on ramp as well as to trading fees on their platform.

Robinhood Web3 wallet plans to start beta testing later in the summer 2022 and have the wallet freely available within the year. There is currently a waitlist. I will provide a wailist sign up link below.

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https://robinhood.com/web3-wallet/810a14a3

https://blog.robinhood.com/news/2022/5/17/robinhood-announces-non-custodial-wallet

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Relevant hashtags: #Robinhood #Robinhoodwallet #cryptocurrency #blockchain #crytotrading #Bitcoin #defi #NFT #cryptowallet ... https://www.youtube.com/watch?v=S7QdwI0dshU