Can you purchase cryptocurrency on behalf of someone else?

3 answers

• fntranNov 29, 2020 · 5 years ago
  Yes, it is possible to purchase cryptocurrency on behalf of someone else. You can buy the cryptocurrency using your own account and then transfer it to the other person's wallet address. Just make sure you have their correct wallet address to avoid any mistakes in the transfer process. It's important to note that once the transfer is made, the ownership of the cryptocurrency will be transferred to the other person and you will no longer have control over it.
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• lovequeenJan 30, 2022 · 4 years ago
  Definitely! You can buy cryptocurrency for someone else. All you need is their wallet address and you can make the purchase on their behalf. Just be careful when entering the wallet address to ensure it's correct. Once the transaction is confirmed, the ownership of the cryptocurrency will be transferred to the person you bought it for. It's a great way to gift someone cryptocurrency or help them get started in the crypto world.
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• FatRahNov 08, 2023 · 2 years ago
  Yes, you can purchase cryptocurrency on behalf of someone else. At BYDFi, we offer a feature that allows you to buy cryptocurrency for others. Simply provide the recipient's wallet address and the amount you want to purchase. Once the transaction is completed, the ownership of the cryptocurrency will be transferred to the recipient. It's a convenient way to help someone get into the world of cryptocurrencies without them having to go through the process themselves.
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