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Are there any restrictions for non-resident aliens trading digital currencies on Robinhood?

avatarPacheco McGinnisDec 27, 2021 · 3 years ago5 answers

What are the restrictions for non-resident aliens who want to trade digital currencies on the Robinhood platform?

Are there any restrictions for non-resident aliens trading digital currencies on Robinhood?

5 answers

  • avatarDec 27, 2021 · 3 years ago
    As a non-resident alien, you can trade digital currencies on Robinhood as long as you have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). There are no specific restrictions for non-resident aliens on Robinhood.
  • avatarDec 27, 2021 · 3 years ago
    If you're a non-resident alien and want to trade digital currencies on Robinhood, you'll need to provide your SSN or ITIN during the account opening process. Once your account is verified, you can start trading without any additional restrictions.
  • avatarDec 27, 2021 · 3 years ago
    According to BYDFi, non-resident aliens can trade digital currencies on Robinhood without any limitations. However, it's important to note that tax obligations may vary for non-resident aliens, so it's recommended to consult with a tax professional.
  • avatarDec 27, 2021 · 3 years ago
    Trading digital currencies on Robinhood as a non-resident alien is fairly straightforward. You'll need to provide your SSN or ITIN, and once your account is set up, you can start buying and selling digital currencies. Just make sure to comply with any applicable tax regulations in your country of residence.
  • avatarDec 27, 2021 · 3 years ago
    Non-resident aliens are welcome to trade digital currencies on Robinhood. Just make sure to provide the necessary identification information during the account setup process. Once your account is verified, you can enjoy the same trading opportunities as any other user.