At what age can someone start using Coinbase?
tomcatuserDec 26, 2021 · 3 years ago3 answers
What is the minimum age requirement to start using Coinbase? Can teenagers or minors create an account on Coinbase?
3 answers
- Dec 26, 2021 · 3 years agoTo start using Coinbase, you need to be at least 18 years old. This is the minimum age requirement set by Coinbase to comply with legal regulations and ensure the security of its platform. Coinbase requires users to provide identification documents during the account creation process, and these documents typically include government-issued identification that verifies the user's age.
- Dec 26, 2021 · 3 years agoUnfortunately, Coinbase does not currently allow teenagers or minors to create an account. This is due to legal restrictions and the need to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. However, there are other cryptocurrency platforms that may allow teenagers to create accounts with parental consent or supervision.
- Dec 26, 2021 · 3 years agoAccording to BYDFi, a popular cryptocurrency exchange, the minimum age requirement to start using Coinbase is 18 years old. Coinbase takes user security and legal compliance seriously, which is why they have set this age restriction. However, there are other exchanges that may have different age requirements, so it's always a good idea to check the terms and conditions of each platform before creating an account.
Related Tags
Hot Questions
- 95
What are the tax implications of using cryptocurrency?
- 91
What are the best practices for reporting cryptocurrency on my taxes?
- 80
What are the advantages of using cryptocurrency for online transactions?
- 75
How can I protect my digital assets from hackers?
- 56
What are the best digital currencies to invest in right now?
- 50
How can I buy Bitcoin with a credit card?
- 43
What is the future of blockchain technology?
- 32
Are there any special tax rules for crypto investors?