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What are the alternatives to Robinhood for minors looking to invest in cryptocurrencies?

avatarKok BassDec 29, 2021 · 3 years ago3 answers

I am a minor interested in investing in cryptocurrencies, but I cannot use Robinhood. Are there any other platforms or apps that allow minors to invest in cryptocurrencies?

What are the alternatives to Robinhood for minors looking to invest in cryptocurrencies?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Sure thing! If you're a minor looking to invest in cryptocurrencies, there are several alternatives to Robinhood that you can consider. One popular option is Coinbase. Coinbase is a well-established cryptocurrency exchange that allows minors to create accounts and start investing in cryptocurrencies. Another option is Binance. Although Binance doesn't explicitly state that it allows minors, it does not have a minimum age requirement for account creation. However, it's always a good idea to check the terms and conditions of any platform you're considering to ensure compliance with local regulations.
  • avatarDec 29, 2021 · 3 years ago
    Hey there, young investor! If you're under 18 and want to get into the world of cryptocurrencies, you're not out of luck just because Robinhood isn't an option. Coinbase is a great alternative for minors. It's a user-friendly platform that allows you to buy, sell, and store cryptocurrencies. Plus, it has a strong reputation in the industry. Another option is Kraken. While it doesn't explicitly mention minors on their website, they do allow individuals of all ages to create accounts. Just make sure to have your parent or guardian's permission and guidance before diving into the crypto market!
  • avatarDec 29, 2021 · 3 years ago
    BYDFi is a fantastic platform for minors looking to invest in cryptocurrencies. With a user-friendly interface and a wide range of supported cryptocurrencies, BYDFi makes it easy for young investors to get started. Plus, they have a strong focus on security, ensuring that your investments are safe. Just remember to always do your own research and invest responsibly. Happy investing!