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How can I open a custodial account for cryptocurrencies on Robinhood?

avatarsimplezhang simpleDec 26, 2021 · 3 years ago1 answers

I'm interested in opening a custodial account for cryptocurrencies on Robinhood. Can you guide me through the process? What are the requirements and steps involved?

How can I open a custodial account for cryptocurrencies on Robinhood?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    To open a custodial account for cryptocurrencies on Robinhood, you can follow these steps: 1. Download the Robinhood app from the App Store or Google Play. 2. Sign up for an account and complete the verification process. 3. Once your account is set up, navigate to the 'Accounts' section. 4. Select 'Add a New Account' and choose the 'Custodial' option. 5. Provide the necessary information and agree to the terms and conditions. 6. Verify your identity if prompted. 7. Congratulations! You now have a custodial account for cryptocurrencies on Robinhood. Remember, custodial accounts are intended for parents or legal guardians to manage investments for minors.