Are there any restrictions for minors purchasing cryptocurrency?

3 answers

• Nov 23, 2021 · 3 years ago
  As a digital currency, cryptocurrency is subject to various regulations and restrictions, especially when it comes to minors. In many jurisdictions, minors are not allowed to engage in financial transactions without the consent of a parent or guardian. This means that they may face restrictions or limitations when it comes to purchasing cryptocurrency. It is important for minors to understand and comply with the laws and regulations in their respective countries or regions.
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• Nov 23, 2021 · 3 years ago
  When it comes to purchasing cryptocurrency, minors should be aware that some exchanges or platforms may have age restrictions in place. These restrictions are often in line with local regulations and aim to prevent underage individuals from engaging in risky or illegal activities. Minors should always check the terms and conditions of the exchange or platform they wish to use to ensure compliance with any age restrictions.
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• Nov 23, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, minors are generally not allowed to purchase cryptocurrency on their platform. This is to ensure compliance with legal requirements and to protect minors from potential risks associated with cryptocurrency trading. Minors should seek guidance from their parents or guardians and explore alternative investment options until they reach the legal age to engage in cryptocurrency transactions.
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