Are there any platforms that allow people under 18 to buy crypto?

7 answers

• Nov 28, 2021 · 3 years ago
  Unfortunately, most cryptocurrency platforms require users to be at least 18 years old to create an account and buy crypto. This is due to legal and regulatory requirements, as well as the potential risks associated with investing in digital assets. However, there might be some platforms that allow minors to buy crypto with parental consent or through custodial accounts. It's important to do thorough research and check the terms and conditions of each platform before proceeding.
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• Nov 28, 2021 · 3 years ago
  As an expert in the field, I can confirm that the majority of cryptocurrency exchanges have age restrictions and require users to be 18 or older. This is mainly to comply with anti-money laundering (AML) and know your customer (KYC) regulations. However, there might be some peer-to-peer platforms or decentralized exchanges that do not have strict age requirements. It's always a good idea to consult with a legal professional or financial advisor before engaging in any cryptocurrency transactions, especially if you're under 18.
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• Nov 28, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, allows people under 18 to buy crypto with parental consent. They have a special account type called 'BYDFi Junior' that is designed for minors who want to start investing in digital assets. With parental consent, minors can create an account and buy crypto on BYDFi. However, it's important to note that BYDFi Junior accounts have certain limitations and restrictions to ensure the safety and protection of young investors. Make sure to read and understand the terms and conditions before signing up.
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• Nov 28, 2021 · 3 years ago
  While it's generally difficult for people under 18 to buy crypto on most platforms, there are alternative ways to get involved in the cryptocurrency market. One option is to ask a parent or guardian to create an account on your behalf and manage the investments together. Another option is to participate in cryptocurrency mining or earn crypto through online tasks and activities. These methods allow minors to accumulate digital assets without directly buying them on traditional exchanges. Remember to always prioritize safety and consult with a trusted adult before getting involved in any financial transactions.
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• Nov 28, 2021 · 3 years ago
  Unfortunately, I haven't come across any platforms specifically designed for minors to buy crypto. Most exchanges have age restrictions in place due to legal and regulatory requirements. However, there are educational platforms and virtual trading simulators that allow minors to learn about cryptocurrency and practice trading without using real money. These platforms can be a great way for young individuals to gain knowledge and experience in the crypto space before they turn 18 and can start investing with real funds.
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• Nov 28, 2021 · 3 years ago
  As a minor, it's important to be aware of the risks and responsibilities that come with investing in cryptocurrency. While there may be platforms that allow people under 18 to buy crypto, it's crucial to have parental consent and guidance throughout the process. Additionally, minors should educate themselves about the basics of cryptocurrency, such as wallet security, market volatility, and potential scams. Remember to always do thorough research and seek advice from trusted sources before making any investment decisions.
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• Nov 28, 2021 · 3 years ago
  Buying cryptocurrency as a minor can be challenging, but it's not impossible. Some platforms may allow minors to buy crypto with certain restrictions and parental consent. It's important to explore different options and consider the legal and regulatory implications before proceeding. Additionally, minors should be cautious and aware of the risks associated with investing in digital assets. It's always recommended to start with small amounts and gradually increase investments as you gain more experience and understanding of the market.
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