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What are the steps to set up a custodial account for trading cryptocurrencies on Robinhood?

avatarAdjoaDec 27, 2021 · 3 years ago3 answers

Can you guide me through the process of setting up a custodial account on Robinhood for trading cryptocurrencies? I'm new to this and would appreciate a step-by-step explanation.

What are the steps to set up a custodial account for trading cryptocurrencies on Robinhood?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure, I'd be happy to help you set up a custodial account on Robinhood for trading cryptocurrencies. Here are the steps: 1. Download the Robinhood app from the App Store or Google Play Store. 2. Open the app and sign up for an account using your email address. 3. Complete the verification process by providing the required personal information. 4. Once your account is verified, navigate to the 'Settings' section in the app. 5. Select 'Account' and then 'Add a Custodial Account'. 6. Follow the prompts to provide the necessary information for the custodial account. 7. Once your custodial account is set up, you can start trading cryptocurrencies on Robinhood. I hope this helps! Let me know if you have any further questions.
  • avatarDec 27, 2021 · 3 years ago
    No problem! Setting up a custodial account on Robinhood for trading cryptocurrencies is a straightforward process. Here's what you need to do: 1. Install the Robinhood app on your mobile device. 2. Sign up for an account by providing your email address and creating a password. 3. Complete the verification process by submitting the required identification documents. 4. Once your account is verified, go to the 'Settings' menu in the app. 5. Select 'Account' and then 'Add a Custodial Account'. 6. Follow the on-screen instructions to set up your custodial account. 7. Once your custodial account is ready, you can start trading cryptocurrencies on Robinhood. If you need any further assistance, feel free to ask!
  • avatarDec 27, 2021 · 3 years ago
    Setting up a custodial account for trading cryptocurrencies on Robinhood is a breeze! Just follow these steps: 1. Download the Robinhood app from the App Store or Google Play Store. 2. Sign up for an account using your email address. 3. Complete the verification process by providing the necessary information. 4. Navigate to the 'Settings' section in the app. 5. Select 'Account' and then 'Add a Custodial Account'. 6. Fill in the required details for the custodial account. 7. Once your custodial account is set up, you're good to go! Remember, custodial accounts allow you to trade cryptocurrencies on behalf of a minor. Enjoy trading on Robinhood!