Are there any restrictions for minors to buy crypto? Where can they buy?

3 answers

• Nov 27, 2021 · 3 years ago
  Yes, there are age restrictions for minors to buy crypto. In many countries, the legal age to buy cryptocurrencies is 18 or 21, depending on the jurisdiction. Minors are not allowed to engage in financial transactions without the consent of their parents or legal guardians. However, there may be some platforms or exchanges that allow minors to buy cryptocurrencies with parental consent. It is important for minors to check the local regulations and seek parental guidance before purchasing cryptocurrencies.
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• Nov 27, 2021 · 3 years ago
  Absolutely! Minors are generally not allowed to buy cryptocurrencies due to legal restrictions. The reason behind this is to protect young individuals from potential financial risks and scams. However, there are some platforms that offer special accounts for minors, where they can learn about cryptocurrencies and invest with the guidance of their parents or legal guardians. These platforms often have strict verification processes to ensure compliance with regulations.
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• Nov 27, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi strictly adheres to regulatory requirements and does not allow minors to buy cryptocurrencies. This is to ensure the safety and protection of young individuals. However, there are other platforms and exchanges that may offer services for minors, such as educational programs or simulated trading accounts. It is important for minors to choose reputable platforms and seek guidance from their parents or legal guardians when it comes to investing in cryptocurrencies.
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