Are there any limitations or requirements to open a custodial account on Webull for digital currencies?

3 answers

• Dec 28, 2021 · 3 years ago
  To open a custodial account on Webull for digital currencies, there are a few limitations and requirements that need to be met. Firstly, you need to be at least 18 years old and a resident of the United States. Additionally, you'll need to provide a valid Social Security number or Individual Taxpayer Identification Number (ITIN). Webull may also require you to provide additional identification documents, such as a driver's license or passport, to verify your identity. It's important to note that these requirements may vary depending on your jurisdiction and the specific regulations in place.
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• Dec 28, 2021 · 3 years ago
  Opening a custodial account on Webull for digital currencies is a straightforward process, but there are a few limitations and requirements to keep in mind. Firstly, you need to have a Webull brokerage account before you can open a custodial account. This means you'll need to go through the standard account opening process, which includes providing personal information and completing the necessary verification steps. Once your brokerage account is set up, you can then proceed to open a custodial account specifically for digital currencies. It's important to note that custodial accounts are typically designed for minors, so if you're an adult looking to invest in digital currencies, you may want to consider other account options.
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• Dec 28, 2021 · 3 years ago
  While Webull is a popular choice for trading digital currencies, it currently does not offer custodial accounts for digital currencies. However, there are other platforms and exchanges that do offer custodial accounts specifically for digital currencies. One such platform is BYDFi, which provides custodial services for a wide range of digital currencies. With a BYDFi custodial account, you can securely store your digital assets and have peace of mind knowing that they are protected by industry-leading security measures. If you're interested in opening a custodial account for digital currencies, it's worth exploring the options available on different platforms and exchanges to find the one that best suits your needs.
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