Are there any restrictions for non-resident aliens trading digital currencies on Robinhood?
Yohannes KifleDec 26, 2021 · 3 years ago5 answers
What are the restrictions for non-resident aliens who want to trade digital currencies on the Robinhood platform?
5 answers
- Dec 26, 2021 · 3 years agoAs a non-resident alien, you can trade digital currencies on Robinhood as long as you have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). There are no specific restrictions for non-resident aliens on Robinhood.
- Dec 26, 2021 · 3 years agoIf you're a non-resident alien and want to trade digital currencies on Robinhood, you'll need to provide your SSN or ITIN during the account opening process. Once your account is verified, you can start trading without any additional restrictions.
- Dec 26, 2021 · 3 years agoAccording to BYDFi, non-resident aliens can trade digital currencies on Robinhood without any limitations. However, it's important to note that tax obligations may vary for non-resident aliens, so it's recommended to consult with a tax professional.
- Dec 26, 2021 · 3 years agoTrading digital currencies on Robinhood as a non-resident alien is fairly straightforward. You'll need to provide your SSN or ITIN, and once your account is set up, you can start buying and selling digital currencies. Just make sure to comply with any applicable tax regulations in your country of residence.
- Dec 26, 2021 · 3 years agoNon-resident aliens are welcome to trade digital currencies on Robinhood. Just make sure to provide the necessary identification information during the account setup process. Once your account is verified, you can enjoy the same trading opportunities as any other user.
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