I'm baffled in seeing that people still use Robinhood after all the events that occurred this past year. The fact that they require KYC is already bad but they seem to be trying to make it even worse regarding their crypto wallet[1]:
In August, the company’s CEO promised that wallets would be coming and said that the company wanted its security to be “bulletproof.” Robinhood now says that wallets will have identity verification and multifactor authentication (which will sometimes include asking for a picture of your ID or a selfie to ensure that it’s actually you trying to carry out a transaction), as well as email and phone verification.
basically my plan is to transfer my BTC and ETH from Robinhood using the wallets feature (whenever it finally is available) to Celsius so I will earn interest 5-6% on BTC and ETH on top of the hopefully appreciating value of bitcoin.
Do realize that you're basically going from a wallet where you
don't know your private keys (Robinhood) to another wallet that you also
don't know your private keys (Celsius). So, in essence, you're still basically in the same system, the only thing that changes is the service that you're using. I do know that the perks that Celsius offers may seem enticing but proceed with caution. If I were on your shoes I would first try to understand how is it that Celsius manages to provide such high interest rates,which would look highly suspicious on the "standard" financial market. This[2] article provides some information, but for sure do even more investigation before you decide to do whatever you end up doing.
[1]
https://www.theverge.com/2021/9/22/22686377/robinhood-crypto-wallet-currency-bitcoin-ethereum[2]
https://blog.celsius.network/celsius-network-interest-rates-explained-a336a52e163d