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How can I purchase cryptocurrency as a minor?

avatarLogan ChenDec 28, 2021 · 3 years ago3 answers

I'm under 18 years old and I want to buy cryptocurrency. Is it possible for minors to purchase cryptocurrency? What are the options available for minors to buy cryptocurrency?

How can I purchase cryptocurrency as a minor?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    As a minor, it can be challenging to purchase cryptocurrency due to legal restrictions. However, some platforms may allow minors to create accounts with the consent of a parent or guardian. It's important to research and find platforms that offer this option. Additionally, you can explore peer-to-peer trading platforms where you can buy cryptocurrency directly from other individuals. Remember to always follow the legal requirements and regulations in your country.
  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, most cryptocurrency exchanges require users to be at least 18 years old to create an account and purchase cryptocurrency. This is due to legal and regulatory reasons. However, you can still explore other ways to get involved in the cryptocurrency space as a minor. For example, you can participate in mining or earn cryptocurrency through online tasks and jobs. It's important to stay informed about the laws and regulations regarding cryptocurrency in your country.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, allows minors to create accounts with the consent of a parent or guardian. They have implemented strict security measures to ensure the safety of underage users. However, it's important to note that BYDFi may have specific requirements and restrictions for minors, so it's advisable to read their terms and conditions before proceeding. Remember to always seek guidance from a parent or guardian when dealing with cryptocurrency as a minor.