Can someone under 18 use a parent's or guardian's account to buy crypto?

3 answers

• Etty DashaJun 02, 2024 · a year ago
  No, it is generally not allowed for someone under 18 to use their parent's or guardian's account to buy crypto. Most cryptocurrency exchanges have strict age verification processes in place to comply with legal requirements and prevent underage individuals from accessing their platforms. Additionally, using someone else's account without their consent is against the terms of service of most exchanges. It is important to respect the rules and regulations surrounding cryptocurrency transactions to ensure a safe and legal experience.
  536

  268
• sojib khanDec 13, 2022 · 3 years ago
  Technically, it may be possible for someone under 18 to use their parent's or guardian's account to buy crypto, but it is not recommended. Cryptocurrency transactions involve financial risks, and it is important for individuals to have a clear understanding of the risks and responsibilities associated with buying and holding cryptocurrencies. It is advisable for young individuals to wait until they reach the legal age and have a proper understanding of the market before engaging in cryptocurrency transactions.
  515

  172
• Bhavan KumarMay 22, 2021 · 4 years ago
  At BYDFi, we prioritize the safety and compliance of our platform. We strictly enforce the age requirement and do not allow individuals under 18 to use their parent's or guardian's account to buy crypto. We believe in promoting responsible and legal cryptocurrency transactions. If you are under 18, we encourage you to wait until you reach the legal age and have a proper understanding of the risks involved before engaging in cryptocurrency activities.
  454

  114