Low commission stock and crypto trading platform robinhood‘s crypto arm, Robinhood Crypto, has launched its long-awaited cryptocurrency transfer service for its customers in Europe. This new feature gives customers Bitcoin (BTC) 
$64,067Ethereum (ETH) 
$2,644It makes cryptocurrencies more flexible and controllable by offering the opportunity to deposit and withdraw more than 20 cryptocurrencies such as Solana (SOL) and USD Coin (USDC). This step by Robinhood Crypto allows users to more easily store their assets and step into the world of decentralized finance (DeFi).
Various Advantages of Cryptocurrency Transfers
With the launch of the cryptocurrency transfers service in Europe, it is offering a 1 percent matching bonus on all cryptocurrency investments for a limited time. The bonus will be paid in deposited cryptocurrencies and will be valid within a certain upper limit. Thus, customers will be able to earn additional income for the crypto money they deposit.
Robinhood Crypto offers its users only cryptocurrency transfer but will also offer other advantages. Customers will be able to buy and sell more than 35 cryptocurrencies on the platform at the lowest costs and have the opportunity to store them. For example, it is possible to buy and sell Bitcoin with zero commission and earn $30 worth of BTC when they become a member. Additionally, by staking Solana (SOL), they can earn an annual return of 5.23 percent and increase their staking earnings by 100 percent for a limited time. A 15 percent profit can be made on USDC investments.
Vice President and General Manager of Robinhood Crypto Johann Kerbrat“With the launch of cryptocurrency transfers in Europe, we are making the process of storing their cryptocurrencies and accessing DeFi simpler and more accessible for our customers,” he explained. Kerbrat also stated that these transfers give customers more control while also offering a safe, low-cost and reliable experience.
Security and Protection are in the Foreground
Robinhood Crypto also offers its users comprehensive protection regarding the security of their cryptocurrencies. The company declares that it does not lend cryptocurrencies to other companies or use them for leveraged transactions. The majority of customers’ cryptocurrencies are stored in cold wallets, and these wallets are protected by advanced security measures. In addition, Robinhood provides additional protection to its customers by insuring cryptocurrencies against hacking attacks and theft.
This new service launched by Robinhood Crypto in Europe, cryptocurrency It is considered an important step for users looking for more control, flexibility and security in their world.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
