What restrictions are there for buying crypto under the age of 18?

3 answers

• huaibei liMay 13, 2021 · 4 years ago
  As a minor, purchasing cryptocurrencies can be challenging due to legal and regulatory restrictions. In many jurisdictions, individuals under the age of 18 are not allowed to engage in financial transactions without parental consent. This includes buying or trading cryptocurrencies. It is important to check the specific laws and regulations in your country or region to determine the restrictions that apply to minors.
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• Shubham HaldeJun 13, 2020 · 5 years ago
  Buying crypto when you're under 18 can be tough. Most exchanges require users to be at least 18 years old to open an account and trade cryptocurrencies. This is because of legal and compliance reasons. However, there might be some platforms that allow minors to buy crypto with parental consent or under certain conditions. It's best to do your research and find out if there are any exchanges or services that cater to minors.
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• qiye LIJul 30, 2024 · a year ago
  At BYDFi, we understand that there are restrictions for minors when it comes to buying cryptocurrencies. As a responsible exchange, we adhere to the legal requirements and regulations in place. Therefore, individuals under the age of 18 are not able to create an account or purchase cryptocurrencies on our platform. We prioritize the safety and compliance of our users, and we encourage minors to wait until they reach the legal age before engaging in cryptocurrency transactions.
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