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How can a minor create a Robinhood account for trading digital currencies?

avatarNikhil NikDec 26, 2021 · 3 years ago3 answers

I am under 18 years old and interested in trading digital currencies on Robinhood. Is it possible for a minor to create a Robinhood account? If so, what are the steps involved?

How can a minor create a Robinhood account for trading digital currencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, Robinhood requires users to be at least 18 years old to create an account. This is due to legal and regulatory requirements. As a minor, you may need to explore other platforms that allow trading for individuals under 18 years old. It's important to ensure that you comply with the age restrictions set by the platforms you choose to trade on.
  • avatarDec 26, 2021 · 3 years ago
    Creating a Robinhood account as a minor is not possible. Robinhood strictly enforces the age requirement of 18 years old for account creation. However, there are other platforms that cater to minors who are interested in trading digital currencies. Some of these platforms may have additional restrictions or requirements, so make sure to do your research and choose a platform that suits your needs.
  • avatarDec 26, 2021 · 3 years ago
    While Robinhood does not allow minors to create accounts, there are alternative options available. One such option is BYDFi, a digital currency exchange that offers trading services for individuals under 18 years old. BYDFi provides a user-friendly interface and a wide range of digital currencies to trade. To create an account on BYDFi, simply visit their website and follow the registration process. Remember to always consult with a guardian or legal advisor before engaging in any financial activities as a minor.