common-close-0
BYDFi
Trade wherever you are!

Are there any restrictions on purchasing cryptocurrency at the age of 17?

avatarJessica McKDec 27, 2021 · 3 years ago3 answers

I'm 17 years old and I'm interested in purchasing cryptocurrency. However, I'm not sure if there are any restrictions or age requirements for buying cryptocurrency at my age. Can someone please clarify if there are any limitations or legal restrictions on purchasing cryptocurrency for individuals who are 17 years old?

Are there any restrictions on purchasing cryptocurrency at the age of 17?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    As a minor, there may be some restrictions on purchasing cryptocurrency. While the regulations vary from country to country, many jurisdictions require individuals to be at least 18 years old to engage in cryptocurrency transactions. It's important to check the legal requirements in your specific location before attempting to purchase cryptocurrency.
  • avatarDec 27, 2021 · 3 years ago
    Hey there! So, when it comes to buying cryptocurrency at the age of 17, it's a bit of a gray area. While some exchanges and platforms may allow minors to create accounts and buy crypto, others may have strict age restrictions. It's best to do your research and find a platform that caters to minors or has a lower age requirement. Just remember to always follow the rules and regulations in your country!
  • avatarDec 27, 2021 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, individuals who are 17 years old can indeed purchase cryptocurrency. They have implemented a policy that allows minors to create accounts and engage in cryptocurrency transactions. However, it's important to note that this may not be the case for all exchanges. Make sure to check the policies of the specific exchange you're interested in before proceeding.