Are there any restrictions or limitations when creating a new Robinhood account for buying and selling cryptocurrencies?

1 answers

• Mar 06, 2022 · 3 years ago
  When creating a new Robinhood account for buying and selling cryptocurrencies, it's important to note that Robinhood is a commission-free trading platform. This means that you won't be charged any fees for buying or selling cryptocurrencies. However, there are certain limitations to be aware of. Firstly, Robinhood currently supports a limited number of cryptocurrencies for trading. While popular options like Bitcoin and Ethereum are available, other altcoins may not be supported. Additionally, Robinhood has certain eligibility requirements, such as being at least 18 years old and having a valid Social Security number. These requirements are in place to ensure compliance with regulatory standards. Before creating a new account, make sure to review the platform's terms of service to understand any other restrictions or limitations that may apply.
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