Your wallet

How your Robinhood Chain wallet is created, funded and secured inside Sherwood.

Every Sherwood user gets a Robinhood Chain wallet the first time they open the bot. This page covers funding it, reading balances, and how the keys are protected.

Funding

Send ETH to the address shown in /wallet. Robinhood Chain uses ETH for gas, so the same balance covers both your trades and the network fees to execute them.

Balances are read directly from the chain each time you check, not cached, so a deposit shows up as soon as it confirms — usually within a second or two given the chain's ~100ms blocks.

Keep a little ETH in reserve beyond the amount you want to trade. Gas is inexpensive on Robinhood Chain, but a trade with a zero balance left for gas will not go through.

Reading your balance

/wallet shows your ETH balance and address. /positions shows the tokens you hold, their current value, and any pending automated orders.

Because everything is computed from chain state, the numbers you see are the same numbers an explorer would show for your address — there is no separate ledger that can drift out of sync.

How custody works

Sherwood is a custodial bot: it holds the key that signs your transactions so that a single tap in Telegram can place a trade. This is what makes the experience fast — you are not approving each transaction in a separate wallet app.

Keys are never stored in plain text. Each key is wrapped with envelope encryption and only the encrypted form is persisted; the signing key is unwrapped in memory only for the moment a transaction is signed.

Because the bot custodies keys, treat it like a hot wallet: keep only what you are actively trading with, and move longer-term holdings to a wallet you control the keys to. See Staying safe for the full checklist.

Withdrawing

You can send ETH or tokens from your Sherwood wallet to any Robinhood Chain address. Double-check the destination address before confirming — on-chain transfers cannot be reversed once they are mined.