Is it possible to purchase bitcoin as a minor?

3 answers

• Allante MiddletonSep 04, 2024 · a year ago
  No, individuals under the age of 18 cannot legally purchase bitcoin. Most cryptocurrency exchanges require users to be at least 18 years old and comply with Know Your Customer (KYC) regulations. These regulations are in place to prevent money laundering and ensure the legitimacy of transactions. Minors may be able to purchase bitcoin through a custodial account or with the help of a parent or guardian, but it is important to consult with legal and financial professionals before doing so.
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• JustLearningPepSep 08, 2024 · a year ago
  Unfortunately, purchasing bitcoin as a minor is not possible due to legal restrictions. The age requirement is set by cryptocurrency exchanges to comply with regulations and prevent potential misuse of funds. However, there are educational resources available for minors to learn about bitcoin and blockchain technology, which can be a valuable introduction to the world of cryptocurrencies.
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• scriptoxinOct 18, 2021 · 4 years ago
  As an expert from BYDFi, I can confirm that it is not possible for minors to purchase bitcoin legally. However, it is important to note that the rules and regulations may vary depending on the jurisdiction. Minors should consult with legal professionals or their parents/guardians to explore alternative options or investment strategies that comply with the law.
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