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Are there any age restrictions for opening a custodial crypto account for a minor?

avatarAbdul KhaliqNov 24, 2021 · 3 years ago3 answers

What are the age restrictions for opening a custodial crypto account for a minor? Can a minor open a custodial crypto account? Is there a minimum age requirement for opening a custodial crypto account for a minor?

Are there any age restrictions for opening a custodial crypto account for a minor?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Yes, there are age restrictions for opening a custodial crypto account for a minor. The specific age requirement may vary depending on the platform or exchange you choose. Some platforms may require the account holder to be at least 18 years old, while others may allow minors as young as 13 or 16 to open an account with parental consent. It's important to check the terms and conditions of the platform or exchange you're interested in to determine the exact age restrictions.
  • avatarNov 24, 2021 · 3 years ago
    Absolutely! Minors can open a custodial crypto account, but they may need parental consent and supervision. Different platforms and exchanges have different age restrictions, so it's important to do your research and find a platform that allows minors to open custodial accounts. Some platforms may require the minor to be at least 18 years old, while others may have a minimum age requirement of 13 or 16. Make sure to read the terms and conditions carefully before opening an account.
  • avatarNov 24, 2021 · 3 years ago
    Yes, there are age restrictions for opening a custodial crypto account for a minor. At BYDFi, for example, the minimum age requirement is 18 years old. However, it's important to note that age restrictions may vary depending on the platform or exchange you choose. Some platforms may allow minors as young as 13 or 16 to open a custodial account with parental consent. It's always a good idea to check the specific requirements of the platform or exchange you're interested in to ensure compliance with their policies.