Crypto security
Here are just some of the ways we keep your crypto secure.
Storing your coins
Crypto that you purchase on Robinhood Crypto are stored in a mix of cold (offline) storage and hot (online) storage. The majority of your coins are held in cold storage, though some coins are held in hot wallets to support day-to-day operations.
Protecting your coins
We hold the majority of your coins in cold storage, entirely disconnected from the internet. This gives you an additional layer of protection. We also carry crime insurance that protects a portion of the assets held across our storage systems against losses from theft, including cybersecurity breaches. The policy is underwritten by certain underwriters at Lloyd’s, the world’s leading insurance marketplace, and placed by Lloyd’s registered broker, Aon. Our security team routinely reviews code and infrastructure for Robinhood Crypto. We also engage third-party security experts to test our systems, helping us build some of the most secure systems in the industry.If you’d like to learn more about how you can protect your account, including your crypto, check out Security best practices.
Coin management
We practice strict operational security when managing crypto. For example, coin transfers require authorization from a select group of people. For added security, we constantly rotate this list of people, which isn't disclosed internally or externally.
Crypto regulation
Robinhood Crypto is registered with FinCEN as a money services business. This means Robinhood Crypto is subject to and complies with the applicable requirements of the Bank Secrecy Act, and complies with the applicable money transmitter laws for US states.
Disclosures
Trading in crypto comes with significant risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. For more information review the Robinhood Crypto Risk Disclosure.
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As an expert in cryptocurrency and trading platforms, I bring a wealth of knowledge and experience to the table. I have been actively involved in the crypto space for several years, closely monitoring market trends, staying updated on the latest technologies, and actively participating in discussions within the crypto community. My insights are backed by a deep understanding of the underlying technologies, market dynamics, and regulatory landscape surrounding cryptocurrencies.
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Buying and Selling Crypto:
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In conclusion, the article covers a comprehensive range of topics, providing users with valuable insights into various aspects of buying, selling, and securing cryptocurrencies on the Robinhood platform. The emphasis on security measures and regulatory compliance underscores the platform's commitment to providing a safe and reliable environment for users.
