How can I legally invest in bitcoin as a minor?

3 answers

• Dec 16, 2021 · 3 years ago
  As a minor, it's important to understand that the legal requirements for investing in bitcoin may vary depending on your jurisdiction. In some countries, minors may be allowed to invest in bitcoin with the consent of a parent or guardian. However, it's crucial to consult with a legal professional or financial advisor to ensure compliance with local laws and regulations. Additionally, some cryptocurrency exchanges may have age restrictions in place, so make sure to research and choose a platform that allows minors to create accounts and invest in bitcoin.
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• Dec 16, 2021 · 3 years ago
  Investing in bitcoin as a minor can be a complex process, but there are options available. One option is to have a parent or guardian open an investment account on your behalf. They can then invest in bitcoin on your behalf and manage the funds until you reach the legal age to take control of the account. Another option is to explore peer-to-peer trading platforms that allow minors to buy and sell bitcoin directly from other individuals. However, it's important to exercise caution and only transact with reputable and trusted sellers.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we understand the interest of minors in investing in bitcoin. However, as a regulated cryptocurrency exchange, we are required to comply with legal age restrictions. Therefore, we currently do not allow individuals under the age of 18 to create accounts or invest in bitcoin on our platform. We encourage young individuals to focus on educating themselves about cryptocurrencies and blockchain technology, as knowledge in these areas can be valuable in the future.
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