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Are there any restrictions or limitations for non-US residents who want to keep a Robinhood account for cryptocurrency trading?

avatarMatiusJSDec 26, 2021 · 3 years ago3 answers

What are the restrictions or limitations for non-US residents who want to keep a Robinhood account for cryptocurrency trading?

Are there any restrictions or limitations for non-US residents who want to keep a Robinhood account for cryptocurrency trading?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    As a non-US resident, you can open a Robinhood account for cryptocurrency trading. However, there are some limitations. Non-US residents are only allowed to trade cryptocurrencies on Robinhood. They cannot trade stocks, options, or other assets. Additionally, non-US residents may face limitations in terms of deposit and withdrawal methods. It is recommended to check with Robinhood's customer support for the most up-to-date information on restrictions and limitations for non-US residents.
  • avatarDec 26, 2021 · 3 years ago
    Yes, non-US residents can have a Robinhood account for cryptocurrency trading. However, they may face certain restrictions. Non-US residents are not eligible for Robinhood's full range of services and products. They can only trade cryptocurrencies and are not able to access other investment options available to US residents. It's important for non-US residents to understand these limitations before opening a Robinhood account for cryptocurrency trading.
  • avatarDec 26, 2021 · 3 years ago
    As a non-US resident, you can open a Robinhood account for cryptocurrency trading. However, please note that Robinhood is primarily designed for US residents and there may be certain limitations for non-US residents. It is recommended to carefully review Robinhood's terms and conditions, as well as consult with their customer support, to understand any specific restrictions or limitations that may apply to non-US residents.