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What are the requirements for opening a custodial account on Robinhood for cryptocurrencies?

avatarMatthews AvilaNov 26, 2021 · 3 years ago3 answers

Can you please provide me with the detailed requirements for opening a custodial account on Robinhood specifically for cryptocurrencies? I am interested in knowing the necessary steps and documents needed to get started with cryptocurrency trading on Robinhood.

What are the requirements for opening a custodial account on Robinhood for cryptocurrencies?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    To open a custodial account on Robinhood for cryptocurrencies, you need to be at least 18 years old and have a valid Social Security number (SSN). Additionally, you will need to provide a valid government-issued ID, such as a driver's license or passport, to verify your identity. It is also important to note that Robinhood currently supports trading of Bitcoin, Bitcoin Cash, Bitcoin SV, Dogecoin, Ethereum, Ethereum Classic, and Litecoin. Once you have met these requirements, you can easily open a custodial account on Robinhood and start trading cryptocurrencies.
  • avatarNov 26, 2021 · 3 years ago
    Opening a custodial account on Robinhood for cryptocurrencies is a straightforward process. You just need to download the Robinhood app on your mobile device, sign up for an account, and complete the necessary verification steps. Make sure to have your ID and SSN handy as you will be required to provide this information during the account setup process. Once your account is set up and verified, you can fund your account and start trading cryptocurrencies on Robinhood.
  • avatarNov 26, 2021 · 3 years ago
    If you are looking to open a custodial account on Robinhood for cryptocurrencies, you can follow these steps: 1. Download the Robinhood app on your mobile device. 2. Sign up for an account by providing your personal information, including your name, email address, and SSN. 3. Complete the identity verification process by submitting a valid government-issued ID. 4. Once your identity is verified, you can fund your account and start trading cryptocurrencies on Robinhood. It's important to note that Robinhood offers a user-friendly interface and allows you to trade popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Happy trading!