Robinhood’s Web3 wallet beta is live

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Illustration showing three phones displaying separate parts of the Robinhood web3 wallet app, one with a chart on it, one with a QR code, and another with a purchase screen to buy crypto.
Currently, the wallet only supports Polygon — no relation to Vox Media’s gaming-focused publication. | Image: Robinhood

Robinhood has launched the beta for its “Web3 wallet” for 10,000 iOS users who signed up for the waitlist. The company teased this product earlier this year after making an earlier crypto wallet more broadly available. Unlike its existing cryptocurrency wallet, the Web3 wallet isn’t just for storing cryptocurrencies that can be traded on the financial platform — it can also be used to “seamlessly access the decentralized web,” as Robinhood’s press release puts it. The wallet will also let people trade cryptocurrencies without any fees.

The Web3 wallet also differs from the company’s other crypto wallet in that it’s self-custody, meaning you’re responsible for keeping the keys for it secure. In practical terms, that gives you a bit more...

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