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Can you use CashApp to buy Bitcoin as a minor?

avatarMalgos WinstonDec 17, 2021 · 3 years ago3 answers

Is it possible for minors to use CashApp to purchase Bitcoin? What are the restrictions or requirements for using CashApp as a minor to buy Bitcoin?

Can you use CashApp to buy Bitcoin as a minor?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    No, CashApp does not allow minors to buy Bitcoin. As a minor, you need to be at least 18 years old to use CashApp for any transactions, including purchasing Bitcoin. CashApp requires users to verify their age and identity before allowing them to buy or sell cryptocurrencies. This is to comply with legal regulations and prevent underage individuals from engaging in cryptocurrency transactions.
  • avatarDec 17, 2021 · 3 years ago
    Unfortunately, CashApp does not currently support Bitcoin purchases for minors. To use CashApp for buying Bitcoin, you must be at least 18 years old and meet the age requirements set by the platform. This is to ensure compliance with legal regulations and protect minors from potential risks associated with cryptocurrency transactions.
  • avatarDec 17, 2021 · 3 years ago
    While CashApp itself does not allow minors to buy Bitcoin, there are other platforms that may offer this option. However, it's important to note that as a minor, you should always seek parental consent and guidance before engaging in any financial transactions, including buying Bitcoin. Additionally, it's crucial to consider the legal implications and potential risks associated with cryptocurrency investments at a young age.