What is the process for setting up a custodial account on Robinhood for digital assets?

3 answers

• DarwinAwardWinnerApr 08, 2024 · a year ago
  To set up a custodial account on Robinhood for digital assets, follow these steps: 1. Download the Robinhood app from the App Store or Google Play Store. 2. Sign up for an account by providing your personal information and completing the verification process. 3. Once your account is set up, navigate to the 'Settings' tab and select 'Custodial Accounts'. 4. Follow the prompts to provide the necessary information for the custodial account, including the name and date of birth of the minor beneficiary. 5. Review and accept the terms and conditions. 6. Fund the custodial account by transferring digital assets from your personal account to the custodial account. 7. Once the funds are transferred, the custodial account will be active and ready for use. Please note that there may be additional requirements or restrictions depending on your jurisdiction and the specific digital assets you wish to hold in the custodial account. It's always a good idea to review the terms and conditions and consult with a financial advisor if needed.
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• Ramesh UpputuriFeb 27, 2025 · 6 months ago
  Setting up a custodial account on Robinhood for digital assets is a straightforward process. First, download the Robinhood app from the App Store or Google Play Store. Then, sign up for an account and complete the verification process. Once your account is set up, navigate to the 'Settings' tab and select 'Custodial Accounts'. Follow the prompts to provide the necessary information for the custodial account, including the name and date of birth of the minor beneficiary. Review and accept the terms and conditions, and fund the custodial account by transferring digital assets from your personal account. Once the funds are transferred, the custodial account will be active and ready for use. Keep in mind that there may be additional requirements or restrictions depending on your jurisdiction and the specific digital assets you wish to hold in the custodial account.
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• Filip ČehovskýJun 30, 2023 · 2 years ago
  Setting up a custodial account on Robinhood for digital assets is a simple process. First, download the Robinhood app from the App Store or Google Play Store. Sign up for an account and complete the verification process. Once your account is set up, go to the 'Settings' tab and select 'Custodial Accounts'. Provide the necessary information for the custodial account, such as the name and date of birth of the minor beneficiary. Read and accept the terms and conditions, and transfer digital assets from your personal account to the custodial account. After the transfer is complete, the custodial account will be active and ready to use. Remember to check for any additional requirements or restrictions based on your location and the specific digital assets you want to hold in the custodial account.
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