What is the process of opening a custodial account on Robinhood to trade cryptocurrencies?

3 answers

• NeematrashidNov 27, 2020 · 5 years ago
  Sure! Opening a custodial account on Robinhood to trade cryptocurrencies is a straightforward process. Here are the 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, including your name, email address, and phone number. 3. Complete the identity verification process by submitting a photo of your government-issued ID. 4. Once your identity is verified, you can fund your account by linking your bank account or transferring funds from another brokerage account. 5. After your account is funded, you can search for the desired cryptocurrency on the Robinhood app and place a buy order. 6. You can monitor your investments and sell your cryptocurrencies through the app as well. That's it! You're now ready to start trading cryptocurrencies on Robinhood.
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• Maher RaissiFeb 22, 2024 · a year ago
  Opening a custodial account on Robinhood for cryptocurrency trading is a breeze! Just follow these steps: 1. Get the Robinhood app from the App Store or Google Play Store. 2. Sign up by providing your personal details, such as your name, email, and phone number. 3. Verify your identity by uploading a photo of your ID. 4. Once your identity is confirmed, you can deposit funds into your account by linking your bank account or transferring from another brokerage. 5. With funds in your account, you can search for the cryptocurrency you want to trade and place an order. 6. Keep track of your investments and sell your cryptocurrencies using the app. That's all it takes to get started with cryptocurrency trading on Robinhood!
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• Gibson ConleyJul 18, 2024 · a year ago
  Opening a custodial account on Robinhood to trade cryptocurrencies is a simple process. Here's how you can do it: 1. Download the Robinhood app from the App Store or Google Play Store. 2. Sign up for an account by providing your personal information. 3. Verify your identity by submitting a photo of your ID. 4. Once your identity is verified, you can deposit funds into your account. 5. Search for the cryptocurrency you want to trade and place an order. 6. Monitor your investments and sell your cryptocurrencies when you're ready. That's the process of opening a custodial account on Robinhood for cryptocurrency trading!
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