common-close-0
BYDFi
Trade wherever you are!

Are there any restrictions for minors using cash app to buy and sell cryptocurrencies?

avatarHemant ChaudhariDec 15, 2021 · 3 years ago3 answers

What are the restrictions for minors who want to use Cash App to buy and sell cryptocurrencies? Can they create an account and start trading without any limitations?

Are there any restrictions for minors using cash app to buy and sell cryptocurrencies?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, there are restrictions for minors using Cash App to buy and sell cryptocurrencies. Cash App requires users to be at least 18 years old to create an account and engage in cryptocurrency trading. This age restriction is in place to comply with legal regulations and ensure the protection of minors from potential financial risks associated with cryptocurrency investments. Minors should consult with their parents or legal guardians before engaging in any form of financial investment, including cryptocurrency trading.
  • avatarDec 15, 2021 · 3 years ago
    Unfortunately, Cash App does not allow minors to use their platform for buying and selling cryptocurrencies. Users must be at least 18 years old to create an account and access the cryptocurrency trading features. This restriction is in place to comply with legal requirements and protect minors from potential financial risks. Minors interested in cryptocurrency investments should explore other platforms or seek guidance from their parents or legal guardians.
  • avatarDec 15, 2021 · 3 years ago
    As an expert in the field, I can confirm that Cash App does have restrictions for minors when it comes to buying and selling cryptocurrencies. To comply with legal regulations and ensure the safety of young users, Cash App requires users to be at least 18 years old to create an account and engage in cryptocurrency trading. This restriction is common among most reputable cryptocurrency platforms and is in place to protect minors from potential financial risks and scams.