What are the restrictions for buying cryptocurrency as a minor?

1 answers

• Mar 27, 2022 · 3 years ago
  When it comes to buying cryptocurrency as a minor, there are certain restrictions and regulations in place to protect young individuals. In most countries, the legal age to engage in financial transactions is 18 years old. This means that if you're under 18, you may not be able to directly purchase cryptocurrency from exchanges or trading platforms. However, there are alternative options available. Some platforms offer custodial accounts for minors, allowing them to invest in cryptocurrencies with the guidance of a parent or guardian. It's important to understand and comply with the legal requirements in your country to ensure a safe and compliant approach to buying cryptocurrency as a minor.
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