What steps can underage individuals take to buy crypto legally?

3 answers

• kensominicAug 10, 2021 · 4 years ago
  As an underage individual, it is important to understand that buying cryptocurrencies legally may be challenging due to age restrictions. However, there are a few steps you can take to navigate this situation. Firstly, you can explore peer-to-peer trading platforms that may not have strict age verification processes. Additionally, you can consider asking a legal guardian or parent to purchase cryptocurrencies on your behalf. It is crucial to ensure that you comply with local laws and regulations regarding cryptocurrency transactions.
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• Jar JarApr 02, 2021 · 4 years ago
  Buying crypto legally as an underage person can be tricky, but there are options available. One option is to use a custodial wallet that allows parents or legal guardians to manage the account on your behalf. Another option is to explore cryptocurrency gift cards, which can be purchased by anyone and then redeemed for cryptocurrencies. Remember to always follow the laws and regulations in your jurisdiction to avoid any legal complications.
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• Ragi krishna RDec 01, 2022 · 3 years ago
  At BYDFi, we understand that underage individuals may be interested in cryptocurrencies. While we do not encourage or support underage trading, we recommend exploring educational resources and learning about the technology behind cryptocurrencies. It is important to wait until you reach the legal age to engage in cryptocurrency transactions to ensure compliance with regulations and protect yourself from potential risks.
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