Can you get into legal trouble for using Coinbase as a minor?

3 answers

• NamellessJun 11, 2022 · 3 years ago
  As an expert in the field, I must emphasize that using Coinbase or any other cryptocurrency exchange as a minor may have legal implications. Minors are generally not allowed to enter into legally binding contracts, and using Coinbase involves creating an account and engaging in financial transactions. This could potentially violate the terms of service and the laws of your jurisdiction. It is advisable to consult with a legal professional to understand the specific legal consequences you may face as a minor using Coinbase.
  528

  264
• Avish GolakiyaMar 10, 2024 · a year ago
  Using Coinbase as a minor can be risky from a legal standpoint. While the consequences may vary depending on your jurisdiction, it's important to note that minors are typically not allowed to engage in financial transactions without parental consent. Coinbase's terms of service also require users to be at least 18 years old. Violating these rules could result in account suspension or even legal action. It's best to wait until you reach the legal age or seek parental permission before using Coinbase or any other cryptocurrency exchange.
  541

  181
• Official NhânMar 29, 2023 · 2 years ago
  I'm not a lawyer, but it's generally not recommended for minors to use Coinbase or any other cryptocurrency exchange. Minors are usually not legally allowed to engage in financial transactions without parental consent. Coinbase's terms of service also state that users must be at least 18 years old. While it's unlikely that you would face serious legal trouble for using Coinbase as a minor, it's always better to err on the side of caution and wait until you are of legal age to use such platforms.
  500

  125