What are the benefits of using custodial accounts for cryptocurrency on Robinhood?

3 answers

• lin zhengFeb 18, 2025 · 7 months ago
  Custodial accounts offer a secure way to store your cryptocurrency on Robinhood. With custodial accounts, Robinhood takes responsibility for safeguarding your assets, reducing the risk of theft or loss. Additionally, custodial accounts provide easy access to your funds, allowing you to buy, sell, and trade cryptocurrencies seamlessly.
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• Jason IsufajAug 23, 2021 · 4 years ago
  Using custodial accounts on Robinhood for cryptocurrency offers convenience and peace of mind. You don't have to worry about managing private keys or securing your digital assets. Robinhood takes care of the technical aspects, allowing you to focus on your investments.
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• raekyaAug 27, 2020 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, also offers custodial accounts for cryptocurrency storage. With BYDFi's custodial accounts, you can enjoy the same benefits of security and convenience as Robinhood. It's a reliable option for those looking to store their digital assets with a trusted exchange.
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