What are the requirements to open a minor brokerage account for buying and selling cryptocurrencies?

3 answers

• Mansour Diagne JuniorMay 02, 2024 · a year ago
  To open a minor brokerage account for buying and selling cryptocurrencies, there are a few requirements that need to be met. Firstly, the minor must have a legal guardian or parent who will be responsible for overseeing the account. The guardian or parent will need to provide their identification documents and complete the necessary paperwork to open the account. Additionally, some brokerages may require a minimum age for the minor, typically around 18 years old. It's important to check with the specific brokerage for their age requirements. Once the account is opened, the minor will be able to buy and sell cryptocurrencies under the supervision of their guardian or parent.
  682

  341
• maryam mirzaeiMar 18, 2022 · 3 years ago
  Opening a minor brokerage account for trading cryptocurrencies involves a few steps. The first requirement is to have a legal guardian or parent who will act as the custodian of the account. The guardian or parent will need to provide their identification documents and complete the account opening process on behalf of the minor. Some brokerages may also require a minimum age for the minor, usually 18 years old. Once the account is set up, the minor can start buying and selling cryptocurrencies with the guidance and supervision of their guardian or parent. It's important to note that the specific requirements may vary between different brokerages, so it's advisable to check with the chosen brokerage for their specific procedures.
  738

  246
• Parth MouryaJul 28, 2022 · 3 years ago
  To open a minor brokerage account for buying and selling cryptocurrencies, you will need to follow the requirements set by the brokerage you choose. Each brokerage may have slightly different procedures, but generally, you will need a legal guardian or parent to act as the custodian of the account. The guardian or parent will need to provide their identification documents and complete the necessary paperwork to open the account. Some brokerages may also require the minor to reach a certain age, usually around 18 years old. Once the account is open, the minor can start trading cryptocurrencies under the supervision of their guardian or parent. It's important to choose a reputable brokerage that offers a secure and user-friendly platform for trading cryptocurrencies.
  775

  194