How can someone under 18 buy bitcoin?

3 answers

• Nov 29, 2021 · 3 years ago
  As an expert in the field of cryptocurrency, I must emphasize that it is generally not recommended for individuals under the age of 18 to engage in bitcoin transactions. However, there are a few options available for minors who are interested in buying bitcoin. One option is to ask a parent or guardian to make the purchase on their behalf. Another option is to use peer-to-peer trading platforms that allow users to buy bitcoin directly from other individuals. It's important to note that these platforms may have age restrictions and require parental consent. Lastly, some countries have specific regulations and platforms that cater to underage individuals who want to buy bitcoin. It's crucial to research and comply with the laws and regulations of your country before proceeding with any bitcoin purchase.
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• Nov 29, 2021 · 3 years ago
  Buying bitcoin when you're under 18 can be challenging, but not impossible. One way to do it is by using a bitcoin ATM. These machines allow users to buy bitcoin with cash, and some of them don't have age restrictions. However, it's important to note that bitcoin ATMs may have higher fees compared to other methods. Another option is to find a trusted friend or family member who is of legal age and willing to make the purchase for you. Keep in mind that it's essential to only transact with someone you trust to avoid any potential scams or fraud. Additionally, some online platforms may allow minors to buy bitcoin with parental consent, so it's worth exploring those options as well.
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• Nov 29, 2021 · 3 years ago
  At BYDFi, we understand that individuals under the age of 18 may be interested in buying bitcoin. While we do not encourage or facilitate underage individuals to engage in cryptocurrency transactions, it's important to note that there are alternative options available. Minors can explore educational resources and learn about bitcoin and blockchain technology. They can also participate in virtual trading simulations to gain experience and knowledge. It's crucial for minors to prioritize education and understanding of the risks associated with cryptocurrency investments. Always consult with a trusted adult or financial advisor before making any investment decisions.
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