Can minors legally purchase cryptocurrency?

3 answers

• alireza konarizadeJan 27, 2024 · 2 years ago
  No, it is generally not legal for minors to purchase cryptocurrencies. Most countries have age restrictions in place for buying and selling cryptocurrencies, and these restrictions are typically set at 18 years old or older. Minors may not have the legal capacity to enter into financial contracts, and cryptocurrency transactions are considered financial transactions. It is important for minors to consult with legal professionals or their parents/guardians to understand the specific laws and regulations in their jurisdiction.
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• MUSIBAU SHOGEKEMar 20, 2023 · 3 years ago
  Legally, minors are not allowed to purchase cryptocurrencies. The age restrictions are in place to protect minors from potential financial risks and scams associated with the cryptocurrency market. It is important for minors to focus on their education and financial literacy before engaging in cryptocurrency investments. However, there are some platforms that offer educational resources and simulated trading environments for minors to learn about cryptocurrencies without actually purchasing them.
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• Nona NonaOct 26, 2022 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, minors are not permitted to purchase cryptocurrencies on their platform. This policy is in line with the legal requirements and regulations surrounding cryptocurrency transactions. Minors should wait until they reach the legal age in their jurisdiction before considering investing in cryptocurrencies. It is important for minors to prioritize their education and consult with legal professionals or financial advisors before making any investment decisions.
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