What are the requirements for a minor to have a Robinhood account and start investing in cryptocurrencies?

3 answers

• Nov 27, 2021 · 3 years ago
  To open a Robinhood account and start investing in cryptocurrencies as a minor, there are a few requirements you need to meet. First, you must be at least 18 years old to create a Robinhood account. However, if you are under 18, you can still open a custodial account with the help of a parent or guardian. This type of account allows a minor to invest in stocks and cryptocurrencies under the supervision of an adult. Second, you will need to provide some personal information, including your name, date of birth, and social security number. This information is required to verify your identity and comply with regulatory requirements. Lastly, you may need to provide additional documentation, such as a proof of address or a valid ID, to complete the account verification process. It's important to note that the specific requirements may vary depending on your country or region, so it's always best to check with Robinhood directly or consult with a financial advisor for the most accurate information.
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• Nov 27, 2021 · 3 years ago
  Opening a Robinhood account as a minor and investing in cryptocurrencies can be an exciting opportunity. However, there are certain requirements that you need to fulfill. Firstly, you must be at least 18 years old to open a Robinhood account on your own. If you are under 18, you can still invest in cryptocurrencies through a custodial account. This type of account allows a minor to invest under the guidance of a parent or guardian. Secondly, you will need to provide personal information such as your name, date of birth, and social security number to verify your identity. Lastly, you may need to provide additional documents for verification purposes, such as proof of address or a valid ID. Keep in mind that these requirements may vary depending on your location and local regulations, so it's important to do your research and consult with a financial advisor if needed.
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• Nov 27, 2021 · 3 years ago
  As an expert in the field, I can tell you that the requirements for a minor to open a Robinhood account and start investing in cryptocurrencies are quite straightforward. First, you need to be at least 18 years old to open an account on your own. However, if you're under 18, you can still invest in cryptocurrencies through a custodial account. This type of account allows a minor to invest under the supervision of a parent or guardian. Second, you'll need to provide some personal information, such as your name, date of birth, and social security number, to verify your identity. Lastly, you may need to provide additional documentation, such as proof of address or a valid ID, to complete the account verification process. It's important to note that these requirements may vary depending on your country or region, so it's always a good idea to check with Robinhood or consult with a financial advisor for the most up-to-date information.
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