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Are there any limitations for underage users when using Robinhood for cryptocurrency trading?

avatarJuan E. Arango Z.Nov 26, 2021 · 3 years ago3 answers

What are the limitations for underage users who want to trade cryptocurrency on Robinhood?

Are there any limitations for underage users when using Robinhood for cryptocurrency trading?
Cryptocurrency
Robinhood
Underage

3 answers

  • avatarNov 26, 2021 · 3 years ago
    As of my knowledge, Robinhood requires users to be at least 18 years old to open an account and trade cryptocurrency. This is due to legal restrictions and regulations surrounding cryptocurrency trading. It's important to comply with the age requirements set by Robinhood to ensure a smooth and legal trading experience.
  • avatarNov 26, 2021 · 3 years ago
    Unfortunately, underage users are not allowed to trade cryptocurrency on Robinhood. This is because Robinhood is required to comply with regulations and laws regarding the trading of digital assets. It's important for underage individuals to wait until they reach the legal age to engage in cryptocurrency trading on Robinhood or explore other platforms that may have different age restrictions.
  • avatarNov 26, 2021 · 3 years ago
    According to BYDFi, a digital currency exchange, they also have age restrictions in place for cryptocurrency trading. Users need to be at least 18 years old to open an account and trade on their platform. It's crucial for underage individuals to respect these age limitations and wait until they are of legal age to participate in cryptocurrency trading.

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