What is the process to open a custodial account for digital assets on Robinhood?

3 answers

• Jan 08, 2022 · 3 years ago
  Sure! Opening a custodial account for digital assets on Robinhood 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 and completing the verification process. 3. Once your account is set up, navigate to the 'Account' tab and select 'Add a Custodial Account'. 4. Follow the prompts to provide the necessary information, such as the minor's name, date of birth, and social security number. 5. After completing the required information, you'll need to link a bank account to fund the custodial account. 6. Once the bank account is linked, you can transfer funds to the custodial account and start investing in digital assets. Please note that custodial accounts on Robinhood are designed for parents or legal guardians to invest on behalf of a minor. Make sure to familiarize yourself with the terms and conditions before proceeding.
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• Jan 08, 2022 · 3 years ago
  Opening a custodial account for digital assets on Robinhood is a breeze! Just follow these steps: 1. Download the Robinhood app from the App Store or Google Play Store. 2. Sign up for an account and complete the verification process. 3. Once your account is set up, go to the 'Account' tab and select 'Add a Custodial Account'. 4. Provide the necessary information, including the minor's details and social security number. 5. Link a bank account to fund the custodial account. 6. Transfer funds to the custodial account and start investing in digital assets. Remember, custodial accounts are for parents or legal guardians to invest on behalf of a minor. Happy investing!
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• Jan 08, 2022 · 3 years ago
  To open a custodial account for digital assets on Robinhood, follow these steps: 1. Download the Robinhood app from the App Store or Google Play Store. 2. Sign up for an account and complete the verification process. 3. Once your account is ready, navigate to the 'Account' tab and select 'Add a Custodial Account'. 4. Provide the necessary information, such as the minor's name, date of birth, and social security number. 5. Link a bank account to fund the custodial account. 6. Transfer funds to the custodial account and start investing in digital assets. Please note that custodial accounts on Robinhood are specifically designed for parents or legal guardians to invest on behalf of a minor. If you have any further questions, feel free to reach out to BYDFi's customer support.
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