What are the best ways to purchase bitcoin if you're under 18?

3 answers

• Dec 16, 2021 · 3 years ago
  As an under 18 individual, there are a few options for purchasing bitcoin. One option is to ask your parents or guardians to buy bitcoin on your behalf. They can create an account on a reputable cryptocurrency exchange and make the purchase for you. Another option is to use a peer-to-peer marketplace that allows users to buy and sell bitcoin directly. However, it's important to exercise caution and only transact with trusted sellers. Additionally, some countries have specific regulations regarding the age limit for buying bitcoin, so it's essential to research and comply with the legal requirements in your jurisdiction.
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• Dec 16, 2021 · 3 years ago
  If you're under 18 and want to buy bitcoin, you can consider using a bitcoin ATM. These machines allow users to purchase bitcoin with cash. However, it's important to note that not all bitcoin ATMs have age restrictions, so you should check the requirements of the specific machine you plan to use. Another option is to find a bitcoin seller who accepts alternative payment methods, such as gift cards or prepaid debit cards. These sellers may be more willing to transact with individuals under 18.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a solution for individuals under 18 who want to buy bitcoin. They have a special program called BYDFi Youth that allows young people to create an account and purchase bitcoin with the consent of their parents or guardians. This program ensures a safe and compliant way for minors to enter the world of cryptocurrency. BYDFi Youth also provides educational resources to help young users understand the risks and benefits of investing in bitcoin. It's a great option for those looking to start their crypto journey at a young age.
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