How can minors start investing in crypto?

3 answers

• Nov 24, 2021 · 3 years ago
  One way for minors to start investing in crypto is through custodial accounts. Custodial accounts are managed by an adult on behalf of the minor, allowing them to invest in cryptocurrencies. Another option is to use a peer-to-peer trading platform that allows minors to buy and sell cryptocurrencies directly from other users. Additionally, some cryptocurrency exchanges offer special accounts for minors, with restrictions and parental controls in place to ensure responsible investing. It's important for minors to do thorough research and understand the risks involved before investing in cryptocurrencies.
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• Nov 24, 2021 · 3 years ago
  Minors can also start investing in crypto by participating in Initial Coin Offerings (ICOs). ICOs are a way for cryptocurrency projects to raise funds by selling tokens to investors. Some ICOs may have age restrictions, so it's important for minors to check the eligibility requirements before participating. Another option is to invest in crypto-related stocks or funds through traditional investment platforms that offer exposure to the cryptocurrency market. It's crucial for minors to seek guidance from a trusted adult or financial advisor when investing in cryptocurrencies.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers a unique program for minors to start investing in crypto. With BYDFi's Junior Investor Program, minors can open an account and begin investing in a wide range of cryptocurrencies. The program includes educational resources and guidance to help minors make informed investment decisions. BYDFi ensures a safe and secure environment for minors to participate in the crypto market. Minors can start investing in crypto with BYDFi by visiting their website and following the account opening process.
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