Is it possible to purchase crypto if you are under 18?

6 answers

• Snneha MauryaJun 11, 2021 · 4 years ago
  As an expert in the field, I must inform you that most cryptocurrency exchanges require users to be at least 18 years old to create an account and purchase cryptocurrencies. This age restriction is in place due to legal and regulatory requirements. However, there may be some platforms that allow minors to buy cryptocurrencies with parental consent or through custodial accounts. It is important to research and comply with the terms and conditions of the specific exchange you are interested in.
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• Guillaume RouthierMay 05, 2023 · 2 years ago
  Unfortunately, if you are under 18, it is unlikely that you will be able to purchase cryptocurrencies legally. Most exchanges have age restrictions in place to comply with regulations and prevent underage individuals from engaging in financial activities. However, you can still learn about cryptocurrencies and blockchain technology, and start investing once you reach the legal age.
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• Sosa BuggeJun 09, 2021 · 4 years ago
  While it is generally not possible for individuals under 18 to purchase cryptocurrencies legally, there are some platforms that offer solutions for minors. For example, BYDFi, a popular cryptocurrency exchange, allows users under 18 to create custodial accounts with parental consent. This enables minors to buy and hold cryptocurrencies under the supervision of their parents or legal guardians. It's important to note that not all exchanges offer this option, so make sure to do your research and choose a platform that suits your needs.
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• rayyankhnzJun 08, 2023 · 2 years ago
  Buying cryptocurrencies under the age of 18 can be challenging due to legal restrictions. However, there are alternative ways to get involved in the crypto space. One option is to ask a parent or guardian to purchase cryptocurrencies on your behalf. They can then transfer the ownership to you once you reach the legal age. Another option is to explore peer-to-peer trading platforms or decentralized exchanges that may have less stringent age restrictions. Remember to always comply with the laws and regulations of your jurisdiction.
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• LifeableAug 17, 2020 · 5 years ago
  Under 18 and want to buy crypto? Unfortunately, most exchanges have age restrictions in place. It's a bummer, I know. But hey, it's never too early to start learning about cryptocurrencies and blockchain technology. Use this time to educate yourself, follow crypto news, and understand the market. By the time you turn 18, you'll be well-prepared to dive into the exciting world of cryptocurrencies.
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• nmeserMay 26, 2024 · a year ago
  While it's not possible for individuals under 18 to purchase cryptocurrencies legally on most exchanges, there are still ways to get involved. One option is to participate in crypto mining, where you can earn cryptocurrencies by contributing computing power to the network. Another option is to earn cryptocurrencies through freelance work or by offering goods and services in exchange for digital assets. Remember to always comply with the laws and regulations of your country and seek guidance from a legal professional if needed.
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