4.02151 star

Total 21 Negative Reviews

Robinhood Wallet App Complaints & User Negative Comments 2023

Robinhood Wallet app received 21 complaints, negative comments and reviews by users. Have you ever had a bad experience using Robinhood Wallet? Can you share your negative thoughts about robinhood wallet?

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Robinhood Wallet for Negative User Reviews

Risky at bestSent AVAX (avalanche) crypto from my Robinhood account to my Robinhood wallet. The Wallet Address I used was in fact correct, it even has my correct wallet address in the transaction receipt. Here I am day and a half later and it tells me transaction is complete, but nothing is in my wallet. My Crypto went somewhere, but not in my wallet. I would be careful with this one if you value your money. In response to developers response to this review, I did reach out to them and they told me if the wallet address was correct it should have worked, and that I was on my own. The address was in fact correct, even according to the snowflake receipt. But my crypto and money went somewhere, who knows. Someone who got it probably said “I hope this chump sends more.” I won’t use this wallet anymore. This is totally my fault, I should have sent a few pennies over first to see if it worked. Live and learn. This is my suggestion to anyone else using this. Send a little first to see if it works for you. I’m personally done this one..Version: 2023.6.0

Needs more workBe careful with this app. It doesn’t swap tokens at your request , you have to retry and submit order 100 times before it actually does the swap. Very frustrating. Ended up taking my crypto out of the wallet got tired of losing money while trying to submit swap for profits.Version: 2023.6.0

What is the purpose?Seems useless. Also very high transfer fees. I’ll probably change my review when the app has a purpose. I know how big tech works..Version: 2023.11.0

Why 5000$ daily limit?Why is there a daily crypto limit of 5000$ for transferring my crypto from robinhood to robinhood wallet?.Version: 2023.5.0

Not user friendlyToo many things to download / steps are taking too long to complete I don’t have the time to waste.Version: 2023.8.2

I don’t see the pointThe app seems to work fairly smoothly. They make it easy to transfer from Robinhood. However, it’s not quite as easy to transfer back to Robinhood. Considering that I don’t know anyone else who uses crypto besides myself, and especially since this wallet app doesn’t support Bitcoin (which is the only crypto accepted in commercial contexts), it’s unlikely that I’ll ever use this app to send or receive coin. I found it very annoying that I had to purchase MATIC in Robinhood, transfer to Wallet, and use it to pay a network fee to get my other crypto out of wallet, then transfer the MATIC back to Robinhood so I could sell it again and finally delete the wallet app. It’s too complicated for the casual investor like myself and if it stays this complicated, it will never go mainstream and crypto will never replace real currency. Most people prefer simple, and this just isn’t it. I played with the app for a few weeks, but I don’t see why I need to have my money in two separate Robinhood apps and pay fees to transfer back and forth. I realize there’s some value in a non-custodial wallet, but it’s not necessary for me. The main app is sufficient for my needs and much more versatile..Version: 2023.8.3

Fees to move out of walletRequires a separate purchase of matic to transfer. Ridiculous..Version: 2023.8.3

ShadyRobinhood sends an email saying no fees to transfer from Robinhood to Robinhood wallet and what do they do? Charge a fee on the first transfer. Not to mention it is very limited on types of crypto that it accepts. One may think that if I bought the crypto on Robinhood I would be able to transfer it to the Robinhood wallet? Pretty disappointing.Version: 2023.4.1

$10 for 10usdc is a shamAfter reaching out, the answer I was given was to deposit more money, incur ANOTHER $8 in transfer fees, and then I’ll receive the bonus. There are nearly $10 in ‘gas’ fees, so you’ll need to transfer $20 to achieve a $10 deposit. They could have stated that as clearly as I just stated, but they chose instead to run a fine print scam on the same customers who have been waiting patiently for their product. Hopefully this keeps some of you from losing money, as I, a total stranger, care more about your money, than your brokerage. Integrity counts for something.Version: 2023.9.0

Worst wallet never trust robinhoodThey steal money.Version: 2023.10.0

If you are located in NY this is uselessStill no wallets or transferring crypto from Robinhood to ANY wallet in NY. Such a lazy company..Version: 2023.8.3

$10/10 USDC not workingThe "Transfer from Robinhood Crypto: Deposit $10, get 10 USDC" thing does not work..Version: 2023.8.2

Barely a web3 walletHow can this be called a web3 wallet? You can’t connect to dapps, you can’t send your NFTs, you can’t view floor price of NFTs, can’t access an exchange to sell them either. I imagine these features are coming, but as the wallet stands now it’s basically useless.Version: 2023.5.0

Introductory offer is sham!I installed app and it showed me promotion that transfer $10 worth of Crypto from Robinhood and we’ll deposit $10 of USDC. I followed the procedure and started the transfer by following all the prompts. 1) despite having so many Shiba in my Robinhood main app account, it asked me to buy $10 worth saying that I have none. 2) I did using on screen prompts only and then started the transfer. 3) it transferred only $3.95 something and deducted rest as fee. 4) after completing transfer I have still not received $10 of USDC.Version: 2023.8.2

I keep trying to verify my id but it keeps freezingNeeds fixing.Version: 2023.8.2

Lost my moneyWhy is it that everything Robinhood creates and does is half garbage. I transferred coins from my centralized account to robinhood wallet, has been one day and have not received anything. Why on earth I downloaded a robinhood product, knowing that it will be garbage it’s beyond me.Version: 2023.8.3

Lame. No way to use without an 2FA appI. Do not use 2FA apps as I don’t trust them with my data and unfortunately this app won’t let me use any other form of 2FA, so I started super excited, now deleting with a heavy heart. Oh well at least I still have the main application..Version: 2023.11.0

Robinhood lies and stealsChoose other wallets that are truly web3 instead of the web2 thief.Version: 2023.10.0

I just tried it outThe transfer fees are to high or I did something wrong? I transfer just $20 usd to the wallet just to try it out but the fees are insane I only received $11 is it normal this fee?.Version: 2023.8.2

Where’s Bitcoin?This is cool, but you’re missing the King….Version: 2023.8.2

Really cumbersome to set upFirst you have to have crypto supported by the wallet. Second, you have enable and have an authentication app. They list four third party apps, one of them being Microsoft. You can’t utilize this app until you set that up..Version: 2023.9.0

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