How can minors with a Citibank account get started with investing in cryptocurrencies?

2 answers

• handa handanAug 06, 2022 · 3 years ago
  Great question! As a minor with a Citibank account, you have a few options for getting started with investing in cryptocurrencies. One option is to open a custodial account with Citibank, which will allow you to invest in cryptocurrencies under the supervision of your parents or legal guardian. Another option is to use a cryptocurrency exchange that allows minors to invest, such as Coinbase or Binance. These exchanges typically require parental consent and may have additional requirements for minors. It's important to do your research and understand the risks involved in investing in cryptocurrencies before getting started. Good luck!
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• Chappell KudskJul 27, 2022 · 3 years ago
  At BYDFi, we understand the interest minors have in investing in cryptocurrencies. While we don't offer services specifically for minors, there are steps you can take to get started. First, seek parental consent and explain your interest in cryptocurrencies. Next, open a custodial account with Citibank, which will allow your parents to manage your investments. Once your account is set up, you can choose a reputable cryptocurrency exchange that allows minors to invest, such as Coinbase or Binance. These exchanges will guide you through the account setup process and provide you with the necessary tools to start investing. Remember to always do your own research and invest responsibly. Happy investing!
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