Can you legally buy cryptocurrency if you are under 18?

4 answers

• Jialiang ChenJan 27, 2021 · 5 years ago
  Legally, the age requirement for purchasing cryptocurrency varies depending on the jurisdiction. In some countries, there are no specific age restrictions, while in others, individuals must be at least 18 years old. It is important to research and comply with the laws and regulations of your country or region before attempting to buy cryptocurrency as a minor.
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• sahil sayyadJul 05, 2022 · 3 years ago
  Buying cryptocurrency as a minor can be challenging due to legal restrictions. In many cases, cryptocurrency exchanges require users to verify their identity and age. Minors may not have the necessary identification documents or meet the age requirements set by the exchanges. It is advisable to wait until you reach the legal age to avoid any potential legal issues.
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• Coleman BentzenMay 12, 2024 · a year ago
  As an expert in the cryptocurrency industry, I can provide some insights. While it is generally not recommended for minors to buy cryptocurrency due to legal restrictions, there are alternative options available. For example, some platforms allow minors to create custodial accounts under the supervision of a parent or guardian. BYDFi, a leading cryptocurrency exchange, offers such options for minors. However, it is crucial to consult with legal professionals and understand the risks involved before proceeding.
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• Harry KaneNov 06, 2023 · 2 years ago
  Legally, individuals under 18 years old may face restrictions when purchasing cryptocurrency. However, it is important to note that regulations can vary depending on the country or region. Some exchanges may have specific policies in place to accommodate minors, while others strictly enforce age requirements. It is advisable to research and comply with the laws and regulations of your jurisdiction to ensure legal compliance when buying cryptocurrency as a minor.
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