Is it possible to purchase crypto if you're underage?

3 answers

• Nov 23, 2021 · 3 years ago
  As an underage individual, purchasing cryptocurrencies can be challenging. Most cryptocurrency exchanges require users to be at least 18 years old due to legal and regulatory reasons. However, there are some platforms that allow minors to buy crypto with parental consent and supervision. It's important to research and find exchanges that have specific policies for underage users. Remember to always comply with the legal requirements and seek parental guidance when dealing with cryptocurrencies as a minor.
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• Nov 23, 2021 · 3 years ago
  Unfortunately, most cryptocurrency exchanges have age restrictions and require users to be at least 18 years old. This is mainly because of the legal and regulatory requirements surrounding cryptocurrencies. However, there are alternative ways for minors to get involved in the crypto space. For example, they can participate in mining, earn cryptocurrencies through online tasks or freelancing, or receive crypto as gifts from family and friends. It's important for minors to understand the risks and legal implications before getting involved in the crypto market.
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• Nov 23, 2021 · 3 years ago
  While I cannot speak for all exchanges, at BYDFi, we have specific policies in place to allow minors to purchase cryptocurrencies. We understand the growing interest in cryptocurrencies among young individuals and believe in providing a safe and educational environment for them to participate. Minors can create an account on BYDFi with parental consent and supervision, and they can start buying and trading cryptocurrencies within the platform. However, it's important to note that each exchange may have different policies, so it's crucial to do thorough research and choose a reputable and trustworthy platform.
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