What are the legal requirements for buying cryptocurrency as a minor?

3 answers

• acousticaaaOct 20, 2020 · 5 years ago
  As a minor, you need to be aware of the legal requirements when buying cryptocurrency. In most jurisdictions, minors are not allowed to engage in financial transactions without the consent of a parent or guardian. This means that you will need to have the permission and involvement of a parent or guardian in order to buy cryptocurrency. It's important to consult with a legal professional or financial advisor to understand the specific legal requirements in your jurisdiction.
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• Bruna NascimentoMar 10, 2021 · 4 years ago
  Buying cryptocurrency as a minor can be a bit tricky. In many countries, minors are not legally allowed to enter into contracts or engage in financial transactions without the consent of a parent or guardian. This means that you will need to have your parent or guardian's permission and involvement in order to buy cryptocurrency. It's important to understand and comply with the legal requirements in your jurisdiction to avoid any potential legal issues.
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• Shruti KesharwaniAug 19, 2024 · a year ago
  As a minor, it's important to understand the legal requirements when it comes to buying cryptocurrency. In most jurisdictions, minors are not allowed to engage in financial transactions without the consent of a parent or guardian. This means that you will need to have your parent or guardian's permission and involvement in order to buy cryptocurrency. It's also important to note that some cryptocurrency exchanges may have additional requirements or restrictions for minors. For example, BYDFi, a popular cryptocurrency exchange, requires minors to provide additional documentation and have a parent or guardian's consent before they can buy cryptocurrency on their platform. Make sure to check the specific requirements of the exchange you plan to use.
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