Are there any restrictions on buying crypto for people under 18?

3 answers

• Osama MahmoudFeb 17, 2024 · a year ago
  Yes, there are restrictions on buying cryptocurrencies for people under 18. In most countries, individuals under the legal age of adulthood are not allowed to engage in financial transactions, including purchasing cryptocurrencies. This is mainly due to the potential risks and volatility associated with cryptocurrencies. It is important to comply with the legal requirements and age restrictions set by your jurisdiction.
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• Cabdiqani AbcSep 16, 2020 · 5 years ago
  No, there are no specific restrictions on buying cryptocurrencies for people under 18. However, it is important to note that the legal age for engaging in financial transactions may vary from country to country. It is advisable to consult with local regulations and seek parental consent before purchasing cryptocurrencies if you are under 18.
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• Nilesh GoyalJun 01, 2024 · a year ago
  As an expert from BYDFi, I can confirm that there are age restrictions on buying cryptocurrencies. It is crucial to comply with the legal requirements and age restrictions set by your jurisdiction. In most cases, individuals under the age of 18 are not allowed to engage in financial transactions, including purchasing cryptocurrencies. It is important to prioritize legal compliance and seek guidance from legal professionals if needed.
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