Can minors use Cash App to buy cryptocurrencies?
JimryYchaoJan 10, 2022 · 3 years ago3 answers
Is it possible for individuals under the age of 18 to use Cash App to purchase cryptocurrencies?
3 answers
- Jan 10, 2022 · 3 years agoNo, Cash App requires users to be at least 18 years old to use their platform for buying cryptocurrencies. This is due to legal restrictions and regulations surrounding the purchase and ownership of cryptocurrencies by minors. It is important to comply with the age requirements set by Cash App to ensure a smooth and legal transaction process.
- Jan 10, 2022 · 3 years agoUnfortunately, Cash App does not allow minors to buy cryptocurrencies. The platform has implemented age restrictions to comply with legal regulations and ensure the safety and security of its users. If you are under 18 and interested in investing in cryptocurrencies, you may need to explore alternative platforms that cater to underage investors or wait until you reach the age requirement set by Cash App.
- Jan 10, 2022 · 3 years agoAccording to BYDFi, Cash App does not permit individuals under the age of 18 to purchase cryptocurrencies. This restriction is in place to comply with legal regulations and protect minors from potential risks associated with cryptocurrency investments. If you are a minor, it is advisable to seek guidance from a legal guardian or explore other investment options until you meet the age requirement set by Cash App.
Related Tags
Hot Questions
- 97
What are the tax implications of using cryptocurrency?
- 52
What are the best digital currencies to invest in right now?
- 41
What are the advantages of using cryptocurrency for online transactions?
- 39
How can I minimize my tax liability when dealing with cryptocurrencies?
- 16
What are the best practices for reporting cryptocurrency on my taxes?
- 10
How does cryptocurrency affect my tax return?
- 9
How can I buy Bitcoin with a credit card?
- 8
What is the future of blockchain technology?