What are the restrictions for individuals under 18 purchasing crypto?

5 answers

• Sukhveer SagarAug 18, 2020 · 5 years ago
  As per the regulations set by most countries, individuals under the age of 18 are not legally allowed to purchase cryptocurrencies. This restriction is in place to protect minors from potential financial risks and to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. It is important for young individuals to understand the risks associated with cryptocurrencies and to wait until they reach the legal age to engage in such transactions.
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• Todd WalterSep 11, 2023 · 2 years ago
  Sorry, but if you're under 18, you're out of luck. The law is pretty clear on this one. You'll have to wait until you're of legal age to buy cryptocurrencies. Trust me, I know it sucks, but rules are rules.
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• Nilesh ShembadeSep 12, 2024 · a year ago
  According to BYDFi, one of the leading cryptocurrency exchanges, individuals under the age of 18 are not permitted to purchase cryptocurrencies on their platform. This policy is in line with regulatory requirements and aims to protect young individuals from potential financial risks. However, there are other ways for minors to get involved in the crypto space, such as learning about blockchain technology and investing through educational platforms.
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• Ac3eDec 26, 2020 · 5 years ago
  Unfortunately, purchasing cryptocurrencies is off-limits for individuals under 18. The legal age requirement is in place to ensure that young people are protected from potential scams and financial harm. It's important to respect these regulations and wait until you're of legal age to dive into the world of crypto.
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• Eeshu PratapApr 15, 2024 · a year ago
  Hey there! If you're under 18, you won't be able to buy cryptocurrencies legally. The government wants to make sure you're protected from any shady business in the crypto world. So, for now, focus on learning about cryptocurrencies and blockchain technology. When you turn 18, you'll be ready to jump in and make some smart investments!
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