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Is it possible to buy digital currencies if I'm not yet 18?

avatarPedram13Dec 28, 2021 · 3 years ago3 answers

I'm under 18 years old, but I'm interested in buying digital currencies. Can I legally purchase cryptocurrencies if I'm not yet 18? What are the restrictions and requirements for minors who want to buy digital currencies?

Is it possible to buy digital currencies if I'm not yet 18?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    As an expert in the field of digital currencies, I can tell you that the legal age to buy cryptocurrencies varies from country to country. In some jurisdictions, you must be at least 18 years old to purchase digital currencies. However, there are also countries where the legal age is lower, such as 16 or even 13. It's important to check the laws and regulations in your specific country or region to determine the age restrictions for buying digital currencies.
  • avatarDec 28, 2021 · 3 years ago
    Buying digital currencies as a minor can be challenging. Some cryptocurrency exchanges require users to verify their age and identity before allowing them to trade. This usually involves providing identification documents such as a passport or driver's license. If you're under 18, you may not have these documents yet, which can make it difficult to create an account on certain exchanges. However, there are also exchanges that allow minors to trade cryptocurrencies with parental consent. It's important to research and choose a platform that accommodates minors if you're under 18 and interested in buying digital currencies.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, we understand that there are many young individuals who are interested in the world of digital currencies. While we do require users to be at least 18 years old to create an account on our platform, we encourage young individuals to educate themselves about cryptocurrencies and blockchain technology. It's never too early to start learning about this exciting field, and we believe that knowledge and understanding are essential for making informed decisions about investing in digital currencies. If you're under 18, we recommend seeking guidance from a parent or guardian and exploring educational resources to expand your knowledge in this area.