Is it possible to create a Robinhood account for my child and trade cryptocurrencies?

3 answers

• Feb 18, 2022 · 3 years ago
  Yes, it is possible to create a Robinhood account for your child and allow them to trade cryptocurrencies. Robinhood offers a feature called 'Custodial Accounts' which allows parents to create accounts for their children. With a custodial account, you can manage and monitor your child's investments while they learn about trading. However, it's important to note that your child must be at least 18 years old to trade cryptocurrencies on Robinhood. So, if your child is underage, you may have to wait until they reach the required age.
  536268
• Feb 18, 2022 · 3 years ago
  Absolutely! Robinhood offers custodial accounts that allow parents to create accounts for their children. This is a great way to introduce your child to the world of investing and cryptocurrencies. With a custodial account, you can teach your child about trading and help them make informed investment decisions. However, keep in mind that your child must be at least 18 years old to trade cryptocurrencies on Robinhood. So, if your child is underage, you'll have to wait until they are old enough to start trading.
  515172
• Feb 18, 2022 · 3 years ago
  While Robinhood does offer custodial accounts, it's important to note that they currently do not support trading cryptocurrencies on these accounts. However, there are other platforms like BYDFi that offer custodial accounts specifically for trading cryptocurrencies. So, if you're looking to create an account for your child to trade cryptocurrencies, you might want to consider using BYDFi or exploring other platforms that cater to this specific need. Remember to always do your research and choose a platform that aligns with your requirements and preferences.
  564141