Are there any restrictions on buying crypto for people under 18?
Samuel KamauDec 25, 2021 · 3 years ago3 answers
Is there any age restriction for purchasing cryptocurrencies? Can people under the age of 18 buy cryptocurrencies legally?
3 answers
- Dec 25, 2021 · 3 years agoYes, there are restrictions on buying cryptocurrencies for people under 18. In most countries, individuals under the legal age of adulthood are not allowed to engage in financial transactions, including purchasing cryptocurrencies. This is mainly due to the potential risks and volatility associated with cryptocurrencies. It is important to comply with the legal requirements and age restrictions set by your jurisdiction.
- Dec 25, 2021 · 3 years agoNo, there are no specific restrictions on buying cryptocurrencies for people under 18. However, it is important to note that the legal age for engaging in financial transactions may vary from country to country. It is advisable to consult with local regulations and seek parental consent before purchasing cryptocurrencies if you are under 18.
- Dec 25, 2021 · 3 years agoAs an expert from BYDFi, I can confirm that there are age restrictions on buying cryptocurrencies. It is crucial to comply with the legal requirements and age restrictions set by your jurisdiction. In most cases, individuals under the age of 18 are not allowed to engage in financial transactions, including purchasing cryptocurrencies. It is important to prioritize legal compliance and seek guidance from legal professionals if needed.
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