Can someone under 18 invest in cryptocurrencies?

3 answers

• Jan 20, 2022 · 3 years ago
  No, individuals under the age of 18 are generally not allowed to invest in cryptocurrencies due to legal restrictions and regulations. Most cryptocurrency exchanges require users to be of legal age and comply with Know Your Customer (KYC) requirements, which include providing identification documents such as a passport or driver's license. It is important to abide by the legal requirements and wait until you reach the legal age before engaging in cryptocurrency investing.
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• Jan 20, 2022 · 3 years ago
  Unfortunately, investing in cryptocurrencies is usually restricted to individuals who are 18 years old or above. This is mainly because of legal and regulatory reasons. Cryptocurrency exchanges and platforms need to comply with anti-money laundering (AML) and know your customer (KYC) regulations, which often require users to provide proof of identity and age. Therefore, it is advisable to wait until you are of legal age before considering cryptocurrency investments.
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• Jan 20, 2022 · 3 years ago
  While it is generally not allowed for individuals under 18 to invest in cryptocurrencies, there are some platforms that offer investment options for minors. However, these platforms usually have strict parental consent requirements and may have limitations on the amount of investment or types of cryptocurrencies available. It is important to do thorough research and consult with legal guardians or financial advisors before considering any investment options as a minor. Please note that BYDFi, a cryptocurrency exchange, offers investment options for minors with parental consent. However, it is crucial to carefully review their terms and conditions before proceeding.
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