How can I legally buy cryptocurrencies if I'm under 18?

6 answers

• Dec 16, 2021 · 3 years ago
  As a minor, it can be challenging to legally buy cryptocurrencies. However, one option is to ask your parents or guardians to purchase cryptocurrencies on your behalf. They can create an account on a cryptocurrency exchange and make the purchase for you. Make sure to follow all legal requirements and regulations in your country.
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• Dec 16, 2021 · 3 years ago
  Unfortunately, most cryptocurrency exchanges have age restrictions and require users to be at least 18 years old. However, you can explore peer-to-peer trading platforms or decentralized exchanges that may have fewer restrictions. Remember to always prioritize your safety and be cautious when dealing with individuals or platforms you are not familiar with.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, allows users under 18 to buy cryptocurrencies legally. They have a special program called BYDFi Junior, which is designed for minors interested in cryptocurrencies. With BYDFi Junior, you can create an account with parental consent and start trading cryptocurrencies. It's a great option for young individuals looking to get involved in the crypto market.
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• Dec 16, 2021 · 3 years ago
  If you're under 18 and want to legally buy cryptocurrencies, you can consider using a Bitcoin ATM. Bitcoin ATMs are physical machines that allow you to buy cryptocurrencies with cash. Some Bitcoin ATMs have age restrictions, so make sure to check the requirements before using one. Additionally, always be cautious and choose reputable Bitcoin ATM operators.
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• Dec 16, 2021 · 3 years ago
  While it may be challenging to legally buy cryptocurrencies if you're under 18, you can still explore other ways to get involved in the crypto space. Consider learning about blockchain technology, participating in online communities, and educating yourself about cryptocurrencies. This knowledge will be valuable when you reach the legal age to buy cryptocurrencies.
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• Dec 16, 2021 · 3 years ago
  If you're under 18 and interested in cryptocurrencies, it's important to understand the legal implications and restrictions in your country. Consult with a legal professional or financial advisor to ensure you are following the appropriate regulations. They can provide guidance on how to legally buy cryptocurrencies or suggest alternative investment options for minors.
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