Can minors use Coinbase for cryptocurrency transactions?
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Is it possible for individuals under the age of 18 to use Coinbase for conducting cryptocurrency transactions?
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3 answers
- No, Coinbase requires users to be at least 18 years old to create an account and use their platform for cryptocurrency transactions. This age restriction is in place to comply with legal regulations and ensure the safety and security of their users' funds.
Feb 17, 2022 · 3 years ago
- Unfortunately, minors are not allowed to use Coinbase for cryptocurrency transactions. This policy is in line with the company's commitment to regulatory compliance and protecting the interests of its users. However, there are other platforms that may allow minors to engage in cryptocurrency transactions, so it's worth exploring alternative options.
Feb 17, 2022 · 3 years ago
- As an expert from BYDFi, I can confirm that Coinbase does not allow minors to use their platform for cryptocurrency transactions. This is a common practice among most reputable cryptocurrency exchanges, as it helps to prevent potential legal and financial risks associated with underage users. If you're under 18 and interested in cryptocurrency, I recommend exploring educational resources and learning about blockchain technology until you reach the legal age to participate in cryptocurrency transactions.
Feb 17, 2022 · 3 years ago
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