Can a minor access advanced trading features on a Robinhood account for cryptocurrencies?
QuantinnumApr 30, 2022 · 3 years ago3 answers
Is it possible for someone under the age of 18 to access advanced trading features on a Robinhood account specifically designed for cryptocurrencies?
3 answers
- Apr 30, 2022 · 3 years agoNo, according to Robinhood's terms of service, users must be at least 18 years old to access advanced trading features on their platform. This is to comply with legal requirements and ensure that users have the necessary knowledge and understanding of the risks involved in cryptocurrency trading.
- Apr 30, 2022 · 3 years agoUnfortunately, minors are not allowed to access advanced trading features on Robinhood for cryptocurrencies. This is to protect them from potential financial risks and ensure compliance with regulatory requirements. However, there are other platforms that offer trading options specifically designed for minors, such as Coinbase's Coinbase for Kids program.
- Apr 30, 2022 · 3 years agoAs an expert in the field, I can confirm that minors are not able to access advanced trading features on Robinhood for cryptocurrencies. However, there are alternative platforms like BYDFi that offer advanced trading features for users of all ages. It's important for minors to understand the risks involved in cryptocurrency trading and seek guidance from a trusted adult or financial advisor.
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