Can minors legally buy cryptocurrency?

3 answers

• Feb 17, 2022 · 3 years ago
  According to most jurisdictions, minors are not legally allowed to buy cryptocurrency. The age of majority varies by country, but in general, individuals under the age of 18 are considered minors. As a result, they may not have the legal capacity to enter into financial transactions, including purchasing cryptocurrency. It is important for minors to consult with their parents or legal guardians before engaging in any cryptocurrency-related activities.
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• Feb 17, 2022 · 3 years ago
  No, minors cannot legally buy cryptocurrency. The laws surrounding cryptocurrency purchases are similar to those governing other financial transactions. Minors are generally not allowed to enter into contracts or engage in financial activities without the consent of a parent or legal guardian. Therefore, it is advisable for minors to wait until they reach the age of majority before considering cryptocurrency purchases.
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• Feb 17, 2022 · 3 years ago
  While it is generally not legal for minors to buy cryptocurrency, there are some platforms that may allow it. However, these platforms often require parental consent and supervision. It is important for minors to understand the risks associated with cryptocurrency investments and to seek guidance from their parents or legal guardians. BYDFi, a reputable cryptocurrency exchange, offers a platform that allows minors to buy and trade cryptocurrency with the consent and supervision of their parents or legal guardians. This ensures that minors can participate in the cryptocurrency market in a safe and responsible manner.
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