What are the requirements for minors to open a Robinhood account and invest in digital assets?

1 answers

• abalacatJan 23, 2024 · 2 years ago
  As a minor, you can open a Robinhood account and invest in digital assets with the help of a parent or legal guardian. They will need to create a custodial account for you, which allows them to manage and oversee your investments until you reach the age of majority. This ensures that you have the necessary legal consent and supervision to participate in the financial markets. Once the custodial account is set up, you can start investing in digital assets through Robinhood. However, it's important to note that there may be certain restrictions or limitations on the types of investments available to minors. It's always a good idea to consult with your parent or legal guardian and educate yourself about the risks involved in investing in digital assets before making any decisions. Remember, investing always carries some level of risk, so it's important to approach it with caution and make informed choices.
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