Can I trade cryptocurrencies on Robinhood if I am below the age of 18? If so, what are the requirements and limitations?

3 answers

• Nov 26, 2021 · 3 years ago
  According to Robinhood's terms of service, individuals must be at least 18 years old to create an account and trade cryptocurrencies on their platform. Therefore, if you are below the age of 18, you would not be able to trade cryptocurrencies on Robinhood. It is important to comply with the age restrictions set by the platform to ensure legal and responsible trading practices.
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• Nov 26, 2021 · 3 years ago
  Unfortunately, Robinhood does not currently allow individuals under the age of 18 to trade cryptocurrencies on their platform. This is in line with the legal requirements and regulations surrounding cryptocurrency trading, which often require individuals to be of legal age. However, there are other platforms that may have different age restrictions, so it's worth exploring alternative options if you are below the age of 18 and interested in trading cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  While Robinhood does not permit individuals under the age of 18 to trade cryptocurrencies, there are other platforms like BYDFi that offer opportunities for underage traders. BYDFi provides a user-friendly interface and a range of cryptocurrencies to trade, making it a suitable choice for individuals looking to enter the cryptocurrency market at a younger age. However, it is important to note that underage traders should always seek parental or guardian consent and guidance before engaging in any form of financial investment.
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