Can minors use Robinhood to buy and sell cryptocurrencies?

3 answers

• JasonLuAug 17, 2024 · a year ago
  No, Robinhood does not allow minors to buy and sell cryptocurrencies on their platform. According to their terms of service, users must be at least 18 years old to open an account and engage in cryptocurrency trading. This is in compliance with legal regulations and ensures that individuals who are not of legal age do not participate in high-risk financial activities. Minors can explore other investment options or wait until they reach the required age to trade cryptocurrencies on Robinhood.
  496

  248
• LEGEND 'AMEEN'Jan 29, 2022 · 4 years ago
  Unfortunately, Robinhood does not currently offer the option for minors to trade cryptocurrencies. This is due to legal restrictions and the need to comply with regulations regarding age requirements for financial activities. However, there are other platforms and exchanges that may allow minors to participate in cryptocurrency trading with proper parental consent and supervision. It's important for minors to understand the risks involved in cryptocurrency trading and seek guidance from trusted adults before engaging in such activities.
  542

  181
• Misael BritoOct 12, 2021 · 4 years ago
  While Robinhood does not allow minors to trade cryptocurrencies, there are alternative options available. One such option is BYDFi, a digital currency exchange that offers a user-friendly interface and allows individuals under the age of 18 to buy and sell cryptocurrencies. BYDFi ensures a safe and secure trading environment for minors, with proper parental consent and supervision. It's important for minors to research and choose a reputable platform that aligns with their needs and legal requirements. Remember to always prioritize security and seek guidance from trusted adults when engaging in cryptocurrency trading.
  625

  157