How can I invest in crypto as a minor?

3 answers

• Sasa TessaJan 16, 2024 · 2 years ago
  As a minor, investing in cryptocurrencies can be challenging due to legal restrictions and age requirements. However, there are a few options available to you. One option is to ask your parents or legal guardians to invest on your behalf. They can create an account on a reputable cryptocurrency exchange and manage the investments for you. Another option is to explore peer-to-peer trading platforms that allow minors to trade cryptocurrencies directly with other individuals. Keep in mind that it's important to do thorough research and choose a platform or exchange that prioritizes security and compliance with regulations.
  627

  314
• Prachi SikarwarNov 15, 2023 · 2 years ago
  Investing in crypto as a minor can be a bit tricky, but it's not impossible. One way to get started is by using a custodial wallet. Custodial wallets are designed to allow parents or legal guardians to manage the funds on behalf of a minor. You can ask your parents to set up a custodial wallet for you and then invest in cryptocurrencies through that wallet. Another option is to explore crypto investment apps that offer educational accounts for minors. These apps provide a simulated trading experience and allow you to learn about investing in cryptocurrencies without using real money.
  590

  197
• Roger HillsonOct 02, 2022 · 3 years ago
  At BYDFi, we understand that investing in crypto as a minor can be challenging. While we don't currently offer services specifically for minors, we recommend exploring custodial wallets or asking your parents to invest on your behalf. It's important to involve your parents or legal guardians in the process to ensure compliance with regulations and to protect your investments. Remember to always do your own research and seek advice from trusted sources before making any investment decisions.
  495

  124