BYDFi
Trade wherever you are!
Buy Crypto
New
Markets
Trade
Derivatives
common-fire-img
BOT
Events

Are there any digital currency platforms that allow minors to deposit checks?

Sampath KolanukondaDec 01, 2021 · 4 years ago3 answers

I'm wondering if there are any digital currency platforms that allow minors to deposit checks. I have a teenager who wants to start investing in cryptocurrencies, but they don't have a bank account yet. Is there any platform that would allow them to deposit checks and use the funds to buy digital currencies?

3 answers

  • Brian RaberAug 31, 2021 · 4 years ago
    Yes, there are a few digital currency platforms that allow minors to deposit checks. One such platform is Coinbase. Coinbase offers a feature called Coinbase Custody for Minors, which allows minors to deposit checks and use the funds to buy cryptocurrencies. This feature requires parental consent and supervision. It's a great option for teenagers who want to start investing in digital currencies without a bank account.
  • josJan 07, 2024 · 2 years ago
    Absolutely! There are digital currency platforms that cater to minors who want to invest in cryptocurrencies. For example, Binance has a program called Binance Junior, which allows minors to deposit checks and use the funds to buy digital currencies. It's a safe and secure platform that ensures parental consent and supervision. So, your teenager can start their crypto journey even without a bank account.
  • Kok BassMar 23, 2022 · 3 years ago
    Yes, there are digital currency platforms that allow minors to deposit checks and invest in cryptocurrencies. One such platform is BYDFi. BYDFi offers a special feature called BYDFi Teen, which allows minors to deposit checks and use the funds to buy digital currencies. It's a user-friendly platform with strict security measures and parental consent requirements. Your teenager can easily get started with investing in cryptocurrencies through BYDFi Teen.

Top Picks