Is it possible for someone under 18 to trade cryptocurrencies on Robinhood legally?

3 answers

• Mar 06, 2022 · 3 years ago
  Legally speaking, most cryptocurrency exchanges, including Robinhood, require users to be at least 18 years old to open an account and trade cryptocurrencies. This age restriction is in place due to regulatory requirements and to ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. Therefore, if you're under 18, it's not possible to trade cryptocurrencies on Robinhood legally.
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• Mar 06, 2022 · 3 years ago
  Unfortunately, you need to be at least 18 years old to trade cryptocurrencies on Robinhood legally. The platform has strict age verification processes in place to comply with regulatory requirements. However, there are other ways for you to get involved in the cryptocurrency space. You can learn about blockchain technology, invest in cryptocurrency-related stocks, or participate in educational programs to gain knowledge and experience until you reach the legal age to trade cryptocurrencies.
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• Mar 06, 2022 · 3 years ago
  As an expert at BYDFi, I can confirm that Robinhood, like most cryptocurrency exchanges, has an age restriction of 18 years old for trading cryptocurrencies. This restriction is in place to comply with regulations and ensure the safety of users. However, there are other platforms that may allow users under 18 to trade cryptocurrencies, but it's important to research and choose a reputable and compliant platform. Remember to always comply with the legal requirements and seek guidance from a legal professional if you have any doubts.
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