How does Coinbase handle accounts for minors?

3 answers

• Nov 28, 2021 · 3 years ago
  To open an account for a minor on Coinbase, you will need to follow a specific process. First, you will need to create your own Coinbase account if you don't already have one. Then, you can add a minor account under your own account. Coinbase requires that the minor be at least 13 years old and have a parent or legal guardian as the custodian of the account. The custodian will have full control and responsibility for the minor's account, including buying, selling, and trading cryptocurrencies. It's important to note that Coinbase may require additional documentation to verify the minor's identity and the custodian's relationship to the minor. Overall, Coinbase takes the security and compliance of accounts for minors seriously to ensure a safe and transparent environment for young users to engage with cryptocurrencies.
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• Nov 28, 2021 · 3 years ago
  When it comes to handling accounts for minors, Coinbase has a strict policy in place. To open an account for a minor, the parent or legal guardian must create their own Coinbase account first. Once the parent or legal guardian has their account set up, they can then add a minor account under their own account. This allows the parent or legal guardian to have full control and oversight of the minor's account. Coinbase requires that the minor be at least 13 years old and that the parent or legal guardian be the custodian of the account. The custodian will have the ability to buy, sell, and trade cryptocurrencies on behalf of the minor. Coinbase takes the security and privacy of minors seriously and implements measures to ensure a safe and compliant environment for young users.
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• Nov 28, 2021 · 3 years ago
  At BYDFi, we have a similar approach to Coinbase when it comes to handling accounts for minors. To open an account for a minor, the parent or legal guardian must first create their own BYDFi account. Once the parent or legal guardian has their account set up, they can then add a minor account under their own account. This allows the parent or legal guardian to have full control and oversight of the minor's account. BYDFi requires that the minor be at least 13 years old and that the parent or legal guardian be the custodian of the account. The custodian will have the ability to buy, sell, and trade cryptocurrencies on behalf of the minor. We prioritize the security and compliance of accounts for minors to provide a safe and trustworthy platform for young users to engage with digital assets.
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