Is it possible to buy crypto if you're under 18?

3 answers

• Jan 13, 2022 · 3 years ago
  Legally speaking, the answer depends on the jurisdiction you're in. In some countries, there are no specific laws prohibiting minors from buying cryptocurrencies. However, it's important to note that most reputable exchanges and platforms have age restrictions in place. They require users to be at least 18 years old to comply with anti-money laundering (AML) and know your customer (KYC) regulations. It's always best to check the terms and conditions of the specific platform you're interested in to see if they allow minors to buy crypto.
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• Jan 13, 2022 · 3 years ago
  As an under 18-year-old, you might come across platforms or individuals who claim to allow minors to buy crypto. However, it's crucial to be cautious as these platforms might not be regulated or trustworthy. Buying crypto as a minor can also raise legal and financial concerns. It's generally recommended to wait until you're of legal age and use reputable exchanges that prioritize user security and compliance with regulations.
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• Jan 13, 2022 · 3 years ago
  At BYDFi, we understand that there is a growing interest in cryptocurrencies among young individuals. However, as a regulated exchange, we strictly adhere to the legal requirements and industry standards. We require all users to be at least 18 years old to create an account and buy crypto. This is to ensure the safety and compliance of our platform. We encourage young enthusiasts to continue learning about cryptocurrencies and engage in educational initiatives until they reach the legal age to participate in the crypto market.
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