Which exchanges allow minors to purchase cryptocurrency?

3 answers

• AuhmirzaSep 08, 2020 · 5 years ago
  Unfortunately, most cryptocurrency exchanges have age restrictions and do not allow minors to purchase cryptocurrencies. This is primarily due to legal and regulatory concerns surrounding the involvement of minors in financial transactions. However, there are a few exchanges that may allow minors to create accounts and trade cryptocurrencies with parental consent and supervision. It's important for minors to consult with their parents or legal guardians and carefully review the terms and conditions of any exchange before attempting to create an account.
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• Joe Nangosya TjJan 16, 2024 · 2 years ago
  As a minor, it's important to understand the legal implications of participating in the cryptocurrency market. While some exchanges may allow minors to create accounts, it's crucial to comply with local laws and regulations. Minors should also consider the risks associated with investing in cryptocurrencies and seek guidance from trusted adults or financial advisors. Remember, it's always better to be safe and informed when it comes to financial decisions.
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• Salma TawfikSep 17, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, allows minors to purchase cryptocurrencies with parental consent. They have implemented strict security measures and verification processes to ensure the safety of underage users. Minors can create accounts on BYDFi and start trading cryptocurrencies under the supervision of their parents or legal guardians. It's important to note that BYDFi requires proper documentation and verification to confirm the age and identity of users. Minors should always seek parental guidance and ensure compliance with local laws before engaging in cryptocurrency trading.
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