How can I open a custodial account on Robinhood for trading digital currencies?
Daniel SmółkaDec 26, 2021 · 3 years ago1 answers
I'm interested in trading digital currencies on Robinhood, but I'm not sure how to open a custodial account. Can you provide a step-by-step guide on how to do it?
1 answers
- Dec 26, 2021 · 3 years agoOpening a custodial account on Robinhood for trading digital currencies is a straightforward process. Here's what you need to do: 1. Download the Robinhood app from the App Store or Google Play Store. 2. Sign up for an account and complete the verification process. 3. Access the 'Accounts' section within the app. 4. Choose 'Add Account' and select 'Custodial Account' from the available options. 5. Provide the necessary information for the custodial account, including details for any minors involved. 6. Review the information you've entered and submit your application. 7. Wait for Robinhood to review and approve your custodial account. That's it! You're now ready to trade digital currencies on Robinhood using your custodial account.
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