What are the restrictions for buying crypto if I'm under 18?

3 answers

• Nov 24, 2021 · 3 years ago
  As an expert in the field of cryptocurrencies, I can tell you that there are certain restrictions for buying crypto if you're under 18. In most countries, the legal age to enter into financial contracts, including buying cryptocurrencies, is 18. This means that if you're under 18, you may not be able to legally buy cryptocurrencies on your own. However, there may be alternative options available, such as asking a parent or guardian to make the purchase on your behalf. It's important to check the laws and regulations in your specific country or region to understand the restrictions and requirements.
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• Nov 24, 2021 · 3 years ago
  Buying crypto when you're under 18 can be a bit tricky. While there are generally age restrictions in place, it's not impossible for someone your age to get involved in the crypto market. Some platforms and exchanges may have specific rules and requirements for underage users. For example, they may require you to provide proof of parental consent or have a joint account with a parent or guardian. It's best to research and reach out to different exchanges to see if they have any options available for minors.
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• Nov 24, 2021 · 3 years ago
  At BYDFi, we understand that there are restrictions for buying crypto if you're under 18. As a regulated exchange, we adhere to the legal requirements and age restrictions set by the authorities. If you're under 18, you may not be able to create an account and buy cryptocurrencies directly on our platform. However, we encourage you to involve your parents or guardians in the process. They can create an account and make the purchase on your behalf, ensuring compliance with the regulations. It's important to prioritize legal and responsible investing practices, especially when it comes to minors and cryptocurrencies.
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