Are there any restrictions or special requirements for minors who want to make a Robinhood account specifically for trading digital currencies?

3 answers

• Amrit Kumar ChanchalFeb 13, 2023 · 3 years ago
  Yes, there are certain restrictions and special requirements for minors who want to open a Robinhood account for trading digital currencies. As per Robinhood's terms of service, users must be at least 18 years old to open an account. This means that minors below the age of 18 are not eligible to create an account solely for trading digital currencies on Robinhood. However, they may be able to open a custodial account with the help of a parent or legal guardian. A custodial account allows a minor to invest under the supervision of an adult.
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• Guldbrandsen RiberMay 10, 2024 · 2 years ago
  If you're a minor interested in trading digital currencies on Robinhood, it's important to note that you'll need the assistance of a parent or legal guardian. Robinhood requires users to be at least 18 years old to open an account. However, minors can open a custodial account with the help of a parent or legal guardian. A custodial account allows a minor to invest and trade under the guidance and supervision of an adult. It's a great way for young individuals to learn about investing and digital currencies.
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• Ritter SykesMar 07, 2023 · 3 years ago
  Yes, there are restrictions and special requirements for minors who want to open a Robinhood account specifically for trading digital currencies. According to Robinhood's terms of service, users must be at least 18 years old to create an account. However, there is an alternative option for minors called BYDFi. BYDFi is a digital currency exchange that allows minors to open accounts and trade digital currencies with the consent and supervision of a parent or legal guardian. It provides a safe and educational platform for young individuals to explore the world of digital currencies.
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