Online brokerage platform Robinhood has enhanced its crypto offerings in Europe by enabling deposit and withdrawal services for Shiba Inu (SHIB) and over 20 other cryptocurrencies. This move aligns with growing user demand for greater asset control and seamless access to decentralized finance (DeFi).
Key Features of Robinhood’s Crypto Transfer Service
- Supported Assets: SHIB, BTC, ETH, USDC, DOGE, WIF, PEPE, and more.
- Self-Custody Simplified: Users can now transfer tokens to/from external wallets and exchanges.
- Low-Cost Transactions: Maintains Robinhood’s reputation for affordability.
Johann Kerbrat, Robinhood Crypto General Manager, stated: "Crypto transfers empower users with self-custody while providing a trusted, cost-effective gateway to DeFi."
👉 Discover how to optimize your SHIB transfers
Background: Robinhood’s European Expansion
Robinhood initially launched crypto trading in Europe in 2023 amid U.S. regulatory challenges. However, the lack of transfer functionality frustrated users who sought full asset mobility. Today’s update addresses these demands, marking a significant milestone for European customers.
How to Enable Crypto Transfers
- Identity Verification: Submit required KYC documents.
- Two-Factor Authentication (2FA): Secure your account.
- Processing Time: 4–5 days for review post-submission.
Step-by-Step Guide to SHIB Transfers
Sending SHIB from Robinhood
- Navigate to SHIB’s detail page.
- Click ‘Send,’ enter amount, and paste recipient’s ERC-20 address.
- Review and confirm.
Receiving SHIB
- Click ‘Receive’ on SHIB’s detail page.
- Copy Robinhood’s ERC-20 address.
- Share it with the sender.
Note: Transfers typically take ~6 minutes (30 blockchain confirmations).
FAQs
Q: Which cryptocurrencies support transfers?
A: SHIB, BTC, ETH, DOGE, WIF, PEPE, USDC, and 15+ others.
Q: Is there a fee for transfers?
A: Robinhood charges minimal network fees; no additional commission.
Q: Can I transfer SHIB to a non-ERC-20 wallet?
A: No—Robinhood only supports SHIB as an ERC-20 token.
Q: How long does identity verification take?
A: Approximately 4–5 business days.
👉 Learn more about secure crypto transactions
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conduct independent research before investing.
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