Is it legal for minors to have a cash app account for trading cryptocurrencies?

3 answers

• Davids MovingOct 26, 2023 · 2 years ago
  No, according to the terms and conditions of the Cash App, users must be at least 18 years old to open an account. This is to comply with legal requirements and regulations regarding financial transactions and the trading of cryptocurrencies. It is important for minors to adhere to age restrictions and seek appropriate guidance from legal guardians or parents before engaging in any financial activities.
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• LazyWalrusOct 26, 2023 · 2 years ago
  Unfortunately, minors are not allowed to have a cash app account for trading cryptocurrencies. The platform requires users to be at least 18 years old due to legal and regulatory reasons. It's crucial for minors to respect these restrictions and focus on their education and personal development. There are other ways for minors to learn about cryptocurrencies and invest in them with the guidance of their parents or legal guardians.
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• Miracle TakalaniDec 27, 2024 · 7 months ago
  As an expert from BYDFi, I can confirm that minors are not permitted to open a cash app account for trading cryptocurrencies. This restriction is in place to comply with legal regulations and ensure the safety and protection of minors in financial transactions. It is important for minors to understand and respect these rules and seek alternative ways to learn about cryptocurrencies and invest with the guidance of their parents or legal guardians.
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