Its cryptocurrency wallet allows the use of QR codes to transmit cryptocurrency and includes address validation and two-factor authentication as standard security features. However, unlike some other wallets, Robinhood’s is custodial, which means the business is ultimately accountable for the keys necessary to access it. While many detractors object to end users losing entire control of their private keys, custodial wallets are advantageous for anybody concerned about losing access to their cash due to misplacing their credentials.
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