Are there any digital currency platforms that allow minors to deposit checks?
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I'm wondering if there are any digital currency platforms that allow minors to deposit checks. I have a teenager who wants to start investing in cryptocurrencies, but they don't have a bank account yet. Is there any platform that would allow them to deposit checks and use the funds to buy digital currencies?
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3 answers
- Yes, there are a few digital currency platforms that allow minors to deposit checks. One such platform is Coinbase. Coinbase offers a feature called Coinbase Custody for Minors, which allows minors to deposit checks and use the funds to buy cryptocurrencies. This feature requires parental consent and supervision. It's a great option for teenagers who want to start investing in digital currencies without a bank account.
Dec 18, 2021 · 3 years ago
- Absolutely! There are digital currency platforms that cater to minors who want to invest in cryptocurrencies. For example, Binance has a program called Binance Junior, which allows minors to deposit checks and use the funds to buy digital currencies. It's a safe and secure platform that ensures parental consent and supervision. So, your teenager can start their crypto journey even without a bank account.
Dec 18, 2021 · 3 years ago
- Yes, there are digital currency platforms that allow minors to deposit checks and invest in cryptocurrencies. One such platform is BYDFi. BYDFi offers a special feature called BYDFi Teen, which allows minors to deposit checks and use the funds to buy digital currencies. It's a user-friendly platform with strict security measures and parental consent requirements. Your teenager can easily get started with investing in cryptocurrencies through BYDFi Teen.
Dec 18, 2021 · 3 years ago
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