Is Robinhood custodial? Who holds your funds?
Yes. Robinhood is custodial: the venue holds your funds on your behalf.
Checked 2026-10-17 · 3 sources- Robinhood Crypto holds app balances. Robinhood Wallet is a separate self-custody app run by Robinhood Non-Custodial, Ltd. (Cayman Islands).
- With a custodial venue you rely on it to stay solvent and to honour withdrawals.
- We list 3 reported incidents for Robinhood on its legit check.
Sources: Robinhood - Crypto fee tiers promo terms (range 0.85%-0.03% in Nov 2025) · Robinhood Wallet - Send, receive, and swap crypto (swap fees) · Robinhood Wallet FAQ. The venue's own page wins if it disagrees with ours.
Robinhood
Exchange · 1.9% round trip. Robinhood is a US brokerage app whose crypto unit (Robinhood Crypto, LLC) began live trading in February 2018 and now sells ~90 coins, including memecoins such as DOGE, SHIB, PEPE, BONK, WIF and TRUMP. Default trades have no explicit fee: Robinhood is paid inside the spread, keeping 0.95% of notional from its market makers as of June 2026. Optional exchange routing instead charges 0.00%-0.95% fee tiers. A separate non-custodial Robinhood Wallet app charges a 0.80% swap fee.
Full Robinhood sheet: fees, custody, incidents →