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Is it possible to open a custodian account on Robinhood specifically for digital assets?

avatarIhtisham UlhaqDec 18, 2021 · 3 years ago3 answers

Can I open a custodian account on Robinhood that is specifically for digital assets? I am interested in investing in cryptocurrencies and would like to know if Robinhood offers a custodial service for these types of assets.

Is it possible to open a custodian account on Robinhood specifically for digital assets?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, it is possible to open a custodian account on Robinhood specifically for digital assets. Robinhood offers a wide range of investment options, including cryptocurrencies. By opening a custodial account, you can securely store and manage your digital assets on the platform. It provides a convenient way to invest in cryptocurrencies without the need for a separate wallet or exchange account.
  • avatarDec 18, 2021 · 3 years ago
    Unfortunately, Robinhood does not currently offer a custodian account specifically for digital assets. While Robinhood does provide access to cryptocurrency trading, it does not offer custodial services for these assets. If you are looking for a custodian account for your digital assets, you may need to consider other platforms or exchanges that specialize in providing custodial services for cryptocurrencies.
  • avatarDec 18, 2021 · 3 years ago
    Yes, you can open a custodian account for digital assets on BYDFi. BYDFi is a digital asset exchange that offers custodial services for cryptocurrencies. With a custodian account on BYDFi, you can securely store and manage your digital assets, ensuring their safety and protection. BYDFi also provides additional features such as staking and lending, allowing you to maximize the potential of your digital assets.