How long does it take for a Robinhood account to be eligible for cryptocurrency trading?
lostvermeerJan 19, 2023 · 3 years ago3 answers
I recently opened a Robinhood account and I'm interested in trading cryptocurrencies. How long does it usually take for a new Robinhood account to become eligible for cryptocurrency trading?
3 answers
- Abdulrahman SarmadMay 31, 2022 · 3 years agoTypically, it takes around 1-3 business days for a new Robinhood account to become eligible for cryptocurrency trading. During this time, Robinhood verifies your identity and performs necessary checks to ensure compliance with regulatory requirements. Once your account is approved, you can start trading cryptocurrencies on the platform.
- Renz AquinoApr 12, 2021 · 4 years agoGetting your Robinhood account eligible for cryptocurrency trading usually doesn't take long. It usually takes 1-3 business days for the verification process to complete. Once your account is verified, you can start buying and selling cryptocurrencies on Robinhood.
- Pritha KawliJan 17, 2023 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, it usually takes 1-3 business days for a new Robinhood account to become eligible for cryptocurrency trading. During this time, Robinhood performs identity verification and compliance checks to ensure a secure trading environment for its users. Once your account is approved, you can start trading cryptocurrencies on Robinhood.
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