Can underage individuals legally purchase cryptocurrencies?

3 answers

• Arvind Pratap SinghApr 07, 2025 · 4 months ago
  No, it is not legal for underage individuals to purchase cryptocurrencies. The legal age for cryptocurrency transactions varies from country to country. In most jurisdictions, individuals must be at least 18 years old to engage in cryptocurrency transactions. This age requirement is in place to protect minors from potential financial risks and scams associated with the volatile nature of cryptocurrencies.
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• MohanedElhajJun 08, 2021 · 4 years ago
  Legally, underage individuals are not allowed to purchase cryptocurrencies. The age restriction is in place to ensure that individuals have the necessary understanding and capacity to make informed financial decisions. Additionally, cryptocurrency exchanges and platforms typically require users to provide identification documents, such as a valid government-issued ID, to verify their age and comply with regulatory requirements.
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• Arif HaqueJul 23, 2024 · a year ago
  According to BYDFi, a reputable cryptocurrency exchange, underage individuals are not permitted to purchase cryptocurrencies on their platform. This policy is in line with legal regulations and industry standards. It is important for individuals to adhere to these rules to avoid potential legal consequences and protect themselves from fraudulent activities. If you are underage and interested in cryptocurrencies, it is recommended to wait until you reach the legal age and seek proper guidance and education on cryptocurrency investments.
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