What are the steps to set up a Robinhood account for trading cryptocurrencies if you are under 18?

3 answers

• Michael GillFeb 03, 2022 · 4 years ago
  Sure! Setting up a Robinhood account as a minor is possible, but there are a few extra steps involved. First, you'll need to have a legal guardian or parent create a custodial account for you. They will be the primary account holder, and you will be the beneficiary. Once the custodial account is set up, your guardian can download the Robinhood app and go through the regular account creation process. During the account creation, they will need to provide your personal information and link a bank account for funding. Once the account is set up, you can start trading cryptocurrencies under their supervision. Keep in mind that you won't have full control over the account until you reach the age of majority in your jurisdiction.
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• Chappell CamposNov 10, 2020 · 6 years ago
  No worries! If you're under 18 and want to trade cryptocurrencies on Robinhood, you can still do it with the help of a custodial account. A custodial account is created by a parent or legal guardian on your behalf. They will be the primary account holder, and you will be the beneficiary. To get started, your guardian needs to download the Robinhood app and follow the account creation process. They will need to provide your personal information and link a bank account for funding. Once the account is set up, you can start trading cryptocurrencies under their guidance. Just remember that you won't have full control over the account until you come of age.
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• Nivriti JainNov 28, 2021 · 5 years ago
  Absolutely! If you're under 18 and want to trade cryptocurrencies on Robinhood, you can open a custodial account. A custodial account allows a parent or legal guardian to manage the account on your behalf until you reach the age of majority. To set up a custodial account on Robinhood, your guardian needs to download the app and follow the account creation process. They will need to provide your personal details and link a bank account for funding. Once the account is created, you can start trading cryptocurrencies under their supervision. Remember, it's important to have open communication with your guardian about your trading activities and decisions.
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