Are there any legal restrictions for underage individuals buying crypto?

3 answers

• HELAL KHANDec 17, 2022 · 3 years ago
  Yes, there are legal restrictions for individuals under the age of 18 who want to buy cryptocurrencies. In most countries, including the United States, the legal age to enter into a contract is 18. Since buying cryptocurrencies involves entering into a contract with the exchange or platform, underage individuals are not legally allowed to buy cryptocurrencies. It is important to comply with the legal age requirements and regulations to avoid any legal consequences.
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• Sina GhadriJul 18, 2024 · a year ago
  Buying cryptocurrencies as an underage individual is not advisable and may be against the law. It is essential to check the legal age requirements and regulations in your country or region before attempting to buy cryptocurrencies. Engaging in cryptocurrency transactions without meeting the legal age requirements can result in legal consequences and financial risks. It is always recommended to consult with legal professionals or financial advisors for accurate and up-to-date information regarding the legal restrictions for underage individuals buying crypto.
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• Ajit ReddyJul 25, 2020 · 5 years ago
  As an exchange, BYDFi strictly adheres to legal regulations and does not allow underage individuals to buy cryptocurrencies. It is important to ensure compliance with legal age requirements and regulations when engaging in cryptocurrency transactions. BYDFi prioritizes the safety and security of its users and operates within the boundaries of the law. If you are under the legal age, it is advisable to wait until you reach the appropriate age to buy cryptocurrencies legally.
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