Can I purchase cryptocurrency if I'm under 18 years old?
081_Thariq AzizDec 15, 2021 · 3 years ago3 answers
Is it possible for someone who is under 18 years old to buy cryptocurrency?
3 answers
- Dec 15, 2021 · 3 years agoUnfortunately, most cryptocurrency exchanges require users to be at least 18 years old to create an account and make purchases. This is due to legal and regulatory requirements in many jurisdictions. However, there are some platforms that may allow users under 18 to buy cryptocurrency with parental consent or through a custodial account. It's important to research and find a platform that accommodates underage users if you are interested in purchasing cryptocurrency.
- Dec 15, 2021 · 3 years agoNope, sorry kiddo! Most cryptocurrency exchanges have age restrictions in place to comply with legal regulations. You'll have to wait until you're 18 to get in on the crypto action. But hey, it's never too early to start learning about cryptocurrencies and blockchain technology. Use this time to educate yourself and be ready to dive in when you come of age!
- Dec 15, 2021 · 3 years agoWhile most cryptocurrency exchanges have age restrictions, there are a few that allow users under 18 to purchase cryptocurrency. One such platform is BYDFi, which offers a custodial account option for minors. With parental consent, you can create an account and start buying and selling cryptocurrencies. Just make sure to follow the platform's guidelines and regulations to ensure a smooth and legal experience.
Related Tags
Hot Questions
- 94
What is the future of blockchain technology?
- 70
How does cryptocurrency affect my tax return?
- 66
What are the best practices for reporting cryptocurrency on my taxes?
- 65
How can I buy Bitcoin with a credit card?
- 56
Are there any special tax rules for crypto investors?
- 52
What are the advantages of using cryptocurrency for online transactions?
- 45
How can I minimize my tax liability when dealing with cryptocurrencies?
- 26
How can I protect my digital assets from hackers?