What are the requirements for someone under 18 to open their own cryptocurrency brokerage account?

3 answers

• Dec 25, 2021 · 3 years ago
  To open a cryptocurrency brokerage account as a minor, there are a few key requirements that need to be met. First, you will need to have a legal guardian or parent co-sign the account with you. This is because minors are not able to enter into legally binding contracts on their own. Additionally, you may need to provide proof of age, such as a birth certificate or passport, to verify that you are indeed under 18 years old. It's also important to note that some cryptocurrency exchanges may have specific age restrictions or additional requirements for minors, so it's best to check with the specific exchange you are interested in.
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• Dec 25, 2021 · 3 years ago
  Opening a cryptocurrency brokerage account as a minor can be a bit more complicated than opening one as an adult. In most cases, you will need a legal guardian or parent to co-sign the account with you. This is because minors are not considered legally capable of entering into financial contracts. Additionally, you may need to provide proof of age, such as a birth certificate or passport, to verify your eligibility. Keep in mind that each cryptocurrency exchange may have its own set of requirements and restrictions for minors, so it's important to do your research and choose an exchange that accommodates underage users.
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• Dec 25, 2021 · 3 years ago
  At BYDFi, we understand that young people are interested in cryptocurrency and want to get involved. While we do not currently offer brokerage accounts for minors, we encourage young individuals to learn about cryptocurrency and its potential benefits. It's important to remember that the legal requirements for opening a cryptocurrency brokerage account as a minor may vary depending on the jurisdiction and the specific exchange. We recommend consulting with a legal professional or contacting the exchange directly for more information on the requirements for minors.
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