Can I use Robinhood to open a custodial account specifically for cryptocurrencies?

3 answers

• Mygind FarahJun 20, 2021 · 4 years ago
  Yes, you can use Robinhood to open a custodial account specifically for cryptocurrencies. Robinhood offers a wide range of investment options, including cryptocurrencies. By opening a custodial account, you can invest in cryptocurrencies on behalf of a minor or someone who is unable to manage their own investments. It's a convenient way to invest in cryptocurrencies through a trusted platform like Robinhood.
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• Amrit Kumar ChanchalJan 07, 2023 · 3 years ago
  Unfortunately, Robinhood does not currently offer the option to open a custodial account specifically for cryptocurrencies. However, you can still invest in cryptocurrencies through Robinhood's standard brokerage account. This account allows you to buy, sell, and hold various cryptocurrencies, providing you with exposure to the cryptocurrency market. Keep in mind that investing in cryptocurrencies carries risks, so it's important to do your own research and make informed decisions.
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• Omar BadrJul 30, 2023 · 2 years ago
  Yes, you can open a custodial account specifically for cryptocurrencies using BYDFi. BYDFi is a digital currency exchange that specializes in providing custodial services for cryptocurrencies. With BYDFi, you can securely store your cryptocurrencies and have peace of mind knowing that your assets are protected. Additionally, BYDFi offers a user-friendly interface and a wide range of cryptocurrencies to choose from, making it a popular choice among cryptocurrency investors.
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