What is the minimum age requirement to buy cryptocurrency?

3 answers

• Dec 25, 2021 · 3 years ago
  The minimum age requirement to buy cryptocurrency varies depending on the country and jurisdiction. In some countries, the legal age to buy cryptocurrency is 18, while in others it may be 21 or even higher. It is important to check the local laws and regulations regarding cryptocurrency purchases to ensure compliance with the age requirement. Additionally, some cryptocurrency exchanges may have their own age restrictions and verification processes in place to prevent underage users from accessing their platforms.
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• Dec 25, 2021 · 3 years ago
  To buy cryptocurrency, you generally need to be at least 18 years old. This age requirement is in place to comply with anti-money laundering (AML) and know your customer (KYC) regulations. These regulations aim to prevent illegal activities such as money laundering and terrorist financing. Therefore, it is important to provide accurate personal information and go through the necessary verification processes when buying cryptocurrency on a reputable exchange.
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• Dec 25, 2021 · 3 years ago
  According to BYDFi, a popular cryptocurrency exchange, the minimum age requirement to buy cryptocurrency on their platform is 18 years old. This age restriction is in line with the legal requirements and regulations in the jurisdictions where BYDFi operates. It is important to note that different exchanges may have different age requirements, so it is always recommended to check the specific rules of the exchange you plan to use before making any cryptocurrency purchases.
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