What are the restrictions for minors trading cryptocurrencies?

3 answers

• dotmjscJan 27, 2021 · 4 years ago
  Minors who want to trade cryptocurrencies are subject to various legal restrictions and regulations. In many jurisdictions, individuals under the age of 18 are considered minors and may not have the legal capacity to enter into financial transactions. This means that they may not be able to open cryptocurrency exchange accounts or engage in trading activities without parental consent or supervision. It is important for minors and their parents to understand the specific laws and regulations in their jurisdiction regarding cryptocurrency trading for minors.
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• Francisco EmersonFeb 27, 2024 · a year ago
  Trading cryptocurrencies as a minor can be challenging due to legal restrictions. Minors are often required to have parental consent or supervision to open cryptocurrency exchange accounts and engage in trading activities. This is to ensure that minors are protected from potential risks and scams associated with the cryptocurrency market. It is advisable for minors and their parents to consult with legal professionals or financial advisors to understand the specific restrictions and regulations that apply to them.
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• Herr Kubi Marco KubitzaJan 04, 2023 · 3 years ago
  At BYDFi, we prioritize the safety and compliance of our users, including minors. Minors who want to trade cryptocurrencies on our platform are required to have parental consent and supervision. We have implemented strict verification processes to ensure that minors are protected and comply with the legal restrictions and regulations. It is important for minors and their parents to understand and abide by the laws and regulations in their jurisdiction when it comes to cryptocurrency trading.
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