Can I purchase cryptocurrencies if I'm under 18?

3 answers

• Stephanny EgitoAug 15, 2020 · 5 years ago
  No, it is generally not possible for individuals under the age of 18 to purchase cryptocurrencies. Most cryptocurrency exchanges and platforms require users to be at least 18 years old due to legal and regulatory requirements. This is to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations, as well as to protect minors from potential financial risks associated with cryptocurrency investments.
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• Purcell BidstrupSep 20, 2024 · 10 months ago
  Unfortunately, no. The legal age requirement for purchasing cryptocurrencies is typically 18 years old. This is because cryptocurrency transactions involve financial risks, and exchanges want to ensure that users are of legal age and capable of making informed investment decisions. If you are under 18 and interested in cryptocurrencies, it is advisable to seek guidance from a parent or guardian who can assist you in making responsible financial decisions.
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• MamushJul 29, 2023 · 2 years ago
  While it is generally not possible for individuals under 18 to purchase cryptocurrencies, there are some platforms that offer services specifically designed for minors. These platforms often have stricter limitations and require parental consent. However, it is important to note that the availability and regulations surrounding such platforms may vary depending on your jurisdiction. It is recommended to research and consult with legal professionals or financial advisors to understand the options available to you.
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