Can you create a cryptocurrency wallet if you're under 18?

5 answers

• Dec 16, 2021 · 3 years ago
  According to most cryptocurrency exchanges and wallets, the minimum age requirement to create a cryptocurrency wallet is 18 years old. This is due to legal and regulatory reasons, as minors may not have the legal capacity to enter into financial transactions. It is important to comply with the age restrictions set by the platforms to avoid any legal issues.
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• Dec 16, 2021 · 3 years ago
  Unfortunately, if you're under 18, you may not be able to create a cryptocurrency wallet on most platforms. However, there are some platforms that offer custodial wallets for minors, where a parent or guardian can create and manage the wallet on behalf of the minor. These custodial wallets provide a way for minors to start learning about cryptocurrencies and managing their digital assets under adult supervision.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, allows users under the age of 18 to create a cryptocurrency wallet. However, there are certain limitations and restrictions in place. Minors are required to provide parental consent and have their accounts linked to their parent or guardian's account. Additionally, there may be limits on the types of transactions and features available to underage users. It's important to check the specific terms and conditions of the platform you're interested in to understand their policies regarding minors and cryptocurrency wallets.
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• Dec 16, 2021 · 3 years ago
  Creating a cryptocurrency wallet as a minor can be challenging, as most platforms have age restrictions in place. However, there are alternative options available. For example, you can consider using a paper wallet, which is a physical copy of your cryptocurrency keys that can be stored securely. Paper wallets do not require any age verification and can be a good option for minors who want to hold and manage their cryptocurrencies offline. It's important to research and understand the security measures involved in using paper wallets.
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• Dec 16, 2021 · 3 years ago
  While it may not be possible for someone under 18 to create a cryptocurrency wallet on most platforms, it's important to remember that age restrictions are in place to protect individuals from potential risks and scams. It's always a good idea to consult with a trusted adult or guardian before engaging in any financial activities, including cryptocurrency investments. Education and understanding of the risks involved are key to making informed decisions in the cryptocurrency space.
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