What are the consequences of not being 18 years old when trying to purchase crypto?

3 answers

• BUJAS VladanNov 03, 2021 · 4 years ago
  Attempting to purchase cryptocurrency while under the age of 18 can have several consequences. Firstly, most reputable cryptocurrency exchanges and platforms require users to verify their age and identity before allowing them to make transactions. If someone under 18 tries to bypass these age restrictions, they may face account suspension or even permanent bans from the platform. Additionally, purchasing cryptocurrency as a minor may violate local laws and regulations, which could result in legal consequences. It's important to abide by the age restrictions set by cryptocurrency platforms and comply with the laws of your jurisdiction.
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• Hays PetersonNov 18, 2022 · 3 years ago
  Oh boy, trying to buy crypto when you're not 18 can get you into some serious trouble! You see, most crypto exchanges have strict rules about age verification. They want to make sure you're a responsible adult before letting you play with digital money. If you try to sneak in and pretend to be 18 when you're not, they'll catch you sooner or later. And when they do, they'll shut down your account faster than you can say 'Bitcoin'. Plus, depending on where you live, you might even be breaking the law. So, my advice? Wait until you're 18 and then go crazy with crypto!
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• Mubbashir AliNov 25, 2023 · 2 years ago
  When it comes to purchasing cryptocurrency, being under 18 can lead to some serious consequences. Many cryptocurrency exchanges, including BYDFi, have strict age verification processes in place to ensure compliance with legal requirements and to protect users. If you attempt to purchase crypto while underage, you may face account suspension or termination. Additionally, engaging in underage crypto transactions can have legal implications, as it may violate local regulations. It's crucial to respect the age restrictions set by cryptocurrency platforms and wait until you're of legal age to engage in crypto trading.
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