What are the steps to open a custodial account on Robinhood for trading digital currencies?

1 answers

• Cold WinterApr 04, 2025 · 4 months ago
  No worries! I've got you covered. Here's a step-by-step guide to open a custodial account on Robinhood for trading digital currencies: 1. Download the Robinhood app from the App Store or Google Play Store. 2. Sign up for an account using your email and create a secure password. 3. Complete the identity verification process by providing your personal details and uploading a photo of your ID. 4. Once your identity is verified, you can fund your account by linking your bank account or depositing cryptocurrencies. 5. Head over to the 'Accounts' tab and select 'Add a New Account'. Choose 'Custodial Account' and follow the on-screen instructions. 6. Carefully read and agree to the terms and conditions for the custodial account. 7. Congratulations! You've successfully opened a custodial account on Robinhood for trading digital currencies. Please note that you must be at least 18 years old to open a custodial account on Robinhood.
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