Are there any platforms that allow minors to purchase cryptocurrency?

3 answers

• Nov 26, 2021 · 3 years ago
  Unfortunately, most cryptocurrency platforms require users to be at least 18 years old to create an account and purchase cryptocurrencies. This age restriction is in place due to legal and regulatory requirements, as well as to protect minors from potential financial risks associated with cryptocurrency investments. It is important for minors to seek guidance from their parents or legal guardians when it comes to investing in cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  No, minors are generally not allowed to purchase cryptocurrencies on most platforms. This is because cryptocurrency transactions involve financial risks, and platforms have age restrictions to comply with legal and regulatory requirements. It is important for minors to focus on their education and financial literacy before considering any investment, including cryptocurrencies.
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• Nov 26, 2021 · 3 years ago
  While most platforms have age restrictions in place, there are a few platforms that allow minors to purchase cryptocurrencies with parental consent. One such platform is BYDFi, which offers a special feature for parents or legal guardians to create accounts for their children and monitor their cryptocurrency transactions. This allows minors to learn about cryptocurrencies under the guidance of their parents or legal guardians. However, it is important to note that investing in cryptocurrencies involves risks, and it is crucial for minors to have a thorough understanding of the risks and consult with their parents or legal guardians before making any investment decisions.
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