What are the best ways for minors to purchase cryptocurrency?

3 answers

• Alexey MoskaltsovDec 12, 2023 · 2 years ago
  As a minor, it can be challenging to purchase cryptocurrency due to legal restrictions. However, one option is to use a peer-to-peer marketplace that allows direct transactions between individuals. Platforms like LocalBitcoins or Paxful provide a way for minors to buy cryptocurrencies from other users. It's important to exercise caution and verify the reputation of the seller before proceeding with any transaction. Additionally, you may consider asking a trusted adult, such as a parent or guardian, to assist you in the process to ensure compliance with local regulations.
  577

  289
• Bayzed MeerAug 12, 2022 · 3 years ago
  Hey there, young crypto enthusiast! While it's true that most exchanges require users to be of legal age, there are still some alternatives for minors to get involved in the crypto world. One option is to use a platform like Coinbase, which offers a Coinbase Custody account specifically for minors. This account allows you to buy, sell, and hold cryptocurrencies under the supervision of a parent or guardian. Another option is to explore decentralized exchanges (DEXs) like Uniswap or SushiSwap, which don't have strict age restrictions. Just remember to always prioritize your safety and seek guidance from a trusted adult.
  626

  209
• RafifJul 15, 2021 · 4 years ago
  At BYDFi, we understand that minors are interested in cryptocurrencies too! While we don't offer services specifically for minors, there are a few ways you can get started. One option is to use a cryptocurrency gift card, such as Bitrefill, which allows you to purchase gift cards with cryptocurrencies and use them to buy goods or services. Another option is to participate in a crypto airdrop or bounty program, where you can earn free cryptocurrencies by completing tasks or promoting projects. Remember to always do your own research and be cautious of scams. Happy investing!
  580

  145