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Is it possible to trade cryptocurrencies on Robinhood if you are under 18 years old?

avatarGomez PlougDec 30, 2021 · 3 years ago3 answers

I am under 18 years old, can I trade cryptocurrencies on Robinhood?

Is it possible to trade cryptocurrencies on Robinhood if you are under 18 years old?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    No, according to Robinhood's terms of service, you must be at least 18 years old to trade cryptocurrencies on their platform. This is to comply with legal requirements and ensure the protection of minors. If you are under 18, you may need to explore other platforms that allow trading for minors, or wait until you reach the required age.
  • avatarDec 30, 2021 · 3 years ago
    Unfortunately, Robinhood does not allow individuals under 18 years old to trade cryptocurrencies. This is a common policy among many cryptocurrency exchanges and is in place to comply with legal regulations. However, there are other platforms that may allow trading for minors, so it's worth exploring alternative options if you're interested in getting involved in cryptocurrency trading at a younger age.
  • avatarDec 30, 2021 · 3 years ago
    While Robinhood does not currently offer cryptocurrency trading for individuals under 18 years old, there are other platforms like BYDFi that provide trading opportunities for minors. BYDFi allows users under 18 to trade cryptocurrencies with the consent and supervision of a legal guardian. It's important to research and choose a platform that aligns with your age and legal requirements to ensure a smooth trading experience.