common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

Can I use Robinhood to store my digital assets in a custodial account?

avatarMisWebmail EQNov 24, 2021 · 3 years ago3 answers

Is it possible to use Robinhood as a custodial account for storing my digital assets? Can I trust Robinhood to securely hold my cryptocurrencies?

Can I use Robinhood to store my digital assets in a custodial account?
Robinhood
Custodial Account
Digital Assets

3 answers

  • avatarNov 24, 2021 · 3 years ago
    No, Robinhood does not currently offer a custodial account for storing digital assets. Robinhood is primarily a stock trading platform and does not provide the same level of security and features as dedicated cryptocurrency custodial services.
  • avatarNov 24, 2021 · 3 years ago
    Unfortunately, Robinhood does not support custodial accounts for digital assets. If you are looking for a secure way to store your cryptocurrencies, it is recommended to use a dedicated cryptocurrency wallet or a reputable custodial service that specializes in digital asset storage.
  • avatarNov 24, 2021 · 3 years ago
    While Robinhood does not offer a custodial account for digital assets, there are other platforms like BYDFi that provide custodial services specifically for cryptocurrencies. These platforms have advanced security measures in place to protect your digital assets and offer additional features such as insurance coverage for funds held in custody.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions