How can someone under 18 invest in cryptocurrency safely and legally?

6 answers

• Radosław M. ŚcisłoSep 10, 2020 · 5 years ago
  As an expert in the field of cryptocurrency, I would advise individuals under the age of 18 to explore investment options that comply with local laws and regulations. One option is to open a custodial account with a parent or guardian, where they can invest in cryptocurrency under their supervision. Another option is to participate in cryptocurrency mining, which can be done with the consent and support of a parent or guardian. It's important to remember that investing in cryptocurrency carries risks, and individuals should always do thorough research and seek guidance before making any investment decisions.
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• Anjum mullaApr 09, 2021 · 5 years ago
  Hey there! If you're under 18 and interested in investing in cryptocurrency, there are a few things you can do. First, you can ask your parents or guardians to open an investment account for you and invest on your behalf. They can help you navigate the legal requirements and ensure that everything is done safely. Another option is to explore cryptocurrency mining, where you can earn cryptocurrency by contributing computing power. Just make sure to get permission and support from your parents or guardians before getting started. Remember, investing always comes with risks, so do your homework and be cautious.
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• Sears WhitleyFeb 29, 2024 · 2 years ago
  Under 18 and want to invest in cryptocurrency? No worries, I got you covered! One way to do it is by setting up a custodial account with a trusted adult, like a parent or guardian. They can help you make the investments legally and safely. Another option is to explore cryptocurrency mining, where you can earn coins by solving complex mathematical problems. But remember, investing in cryptocurrency can be risky, so it's important to do your own research and seek advice from trusted sources. Good luck on your crypto journey!
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• chengrenxujeijzonhxinDec 18, 2020 · 5 years ago
  At BYDFi, we understand that individuals under 18 may be interested in investing in cryptocurrency. While we don't directly offer services to minors, one option is to involve a parent or guardian. They can open an account on your behalf and guide you through the investment process. It's important to ensure that all activities comply with legal requirements and regulations. Remember, investing in cryptocurrency involves risks, so it's crucial to educate yourself and make informed decisions.
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• TechVillainAug 21, 2024 · a year ago
  If you're under 18 and looking to invest in cryptocurrency, there are a few options available. One option is to open a custodial account with a trusted adult, such as a parent or guardian. They can help you navigate the legal aspects and ensure that your investments are made safely. Another option is to explore cryptocurrency mining, where you can earn coins by contributing computational power. However, it's important to note that investing in cryptocurrency carries risks, so it's essential to do thorough research and seek guidance from trusted sources.
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• D22CQDK01-N PHUNG HOANG ANHApr 19, 2023 · 3 years ago
  Are you under 18 and interested in investing in cryptocurrency? Well, you're not alone! One way to do it legally and safely is by opening a custodial account with a parent or guardian. They can help you make the investments and ensure that everything is done within the legal framework. Another option is to explore cryptocurrency mining, where you can earn coins by solving complex algorithms. Just make sure to get permission and support from your parents or guardians before diving in. Remember, investing in cryptocurrency is not without risks, so always be cautious and do your due diligence.
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