What are the legal restrictions for buying BTC under the age of 18?

3 answers

• Devine TysonJan 20, 2023 · 3 years ago
  As an expert in the field of digital currencies, I can tell you that there are legal restrictions for individuals under the age of 18 who want to buy Bitcoin. In most jurisdictions, the age of majority is 18, and individuals below this age are considered minors. Minors generally do not have the legal capacity to enter into contracts, including buying or selling Bitcoin. Therefore, it is likely that individuals under the age of 18 will face difficulties in purchasing Bitcoin legally. It is important to comply with the laws and regulations of your jurisdiction.
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• K KellySep 15, 2021 · 4 years ago
  Buying Bitcoin under the age of 18 can be challenging due to legal restrictions. In many countries, the age of majority is 18, and minors are not allowed to engage in financial transactions without parental consent. This means that if you are under 18, you may need your parents' permission to buy Bitcoin legally. It's always a good idea to consult with a legal professional or seek guidance from your parents before attempting to buy Bitcoin.
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• Marco AndruccioliMay 10, 2024 · a year ago
  While I am not affiliated with BYDFi, I can provide some general information about the legal restrictions for buying Bitcoin under the age of 18. In most jurisdictions, individuals under the age of 18 are considered minors and may face legal limitations when it comes to financial transactions, including buying Bitcoin. It is important to consult with legal professionals or seek guidance from your parents to understand the specific legal restrictions in your jurisdiction. Remember, it's always better to comply with the law and ensure you are making informed decisions.
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