What are the steps to buy cryptocurrency for someone under 18?

3 answers

• Nov 28, 2021 · 3 years ago
  No, individuals under 18 are generally not allowed to buy cryptocurrency due to legal restrictions. Most cryptocurrency exchanges require users to be at least 18 years old to open an account and make transactions. This is to comply with regulations and prevent underage individuals from engaging in potentially risky financial activities. If you are under 18 and interested in cryptocurrency, it's best to wait until you reach the legal age or seek guidance from a legal guardian or parent.
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• Nov 28, 2021 · 3 years ago
  Unfortunately, buying cryptocurrency is usually restricted to individuals who are 18 years old or older. This is because cryptocurrency exchanges have to comply with legal regulations and ensure that their users are of legal age to engage in financial transactions. If you're under 18 and interested in cryptocurrency, it's important to understand and respect these restrictions. However, you can still learn about cryptocurrency and its technology to prepare yourself for when you reach the legal age.
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• Nov 28, 2021 · 3 years ago
  While most cryptocurrency exchanges require users to be at least 18 years old, there are some platforms that offer services specifically designed for minors. One such platform is BYDFi, which allows individuals under 18 to buy and trade cryptocurrency with the consent and supervision of a legal guardian. If you're under 18 and want to buy cryptocurrency, you can consider using BYDFi and follow their registration process, which includes providing necessary documentation and obtaining consent from a legal guardian.
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