How can minors buy cryptocurrency?

3 answers

• AMANJan 24, 2021 · 5 years ago
  Minors have limited options when it comes to buying cryptocurrency. One option is to ask a parent or guardian to make the purchase on their behalf. Another option is to use a peer-to-peer trading platform that allows minors to buy cryptocurrency directly from other individuals. However, it's important to note that some platforms may have age restrictions in place. Additionally, minors can also explore the option of earning cryptocurrency through tasks or jobs that pay in digital currencies. It's crucial for minors to understand the legal and financial implications of buying and owning cryptocurrency before proceeding.
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• Private UserSep 16, 2023 · 2 years ago
  Buying cryptocurrency as a minor can be challenging due to legal restrictions and age limitations. Minors can consider using gift cards or prepaid cards to purchase cryptocurrency from certain platforms that accept these payment methods. Another option is to use a custodial wallet service that allows minors to buy and store cryptocurrency with the permission and supervision of a parent or guardian. However, it's important for minors to be aware of the risks and potential scams associated with cryptocurrency transactions, and to seek guidance from trusted adults before making any purchases.
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• karthik reddySep 02, 2023 · 2 years ago
  At BYDFi, we understand that minors may be interested in investing in cryptocurrency. However, as a responsible exchange, we strictly adhere to legal regulations and age restrictions. Minors are not allowed to create accounts or engage in trading activities on our platform. We encourage minors to focus on learning about cryptocurrency and blockchain technology, and to seek guidance from their parents or guardians regarding any investment decisions. It's important for minors to prioritize their education and understand the risks involved in cryptocurrency investments before considering any involvement.
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