What are the requirements and procedures for setting up a minor's Cash App account for cryptocurrency transactions?

1 answers

• Nov 25, 2021 · 3 years ago
  When setting up a Cash App account for cryptocurrency transactions for a minor, there are a few requirements and procedures to follow. First, ensure that the minor has a valid Social Security number. This is necessary for identity verification purposes. Next, download the Cash App from the App Store or Google Play Store and create an account using the minor's details. During the registration process, you will be prompted to link a bank account or debit card to the Cash App. This is needed to fund the account and facilitate cryptocurrency transactions. Once the account is set up, you can access the cryptocurrency features by navigating to the settings menu and selecting the 'Bitcoin' option. From there, you can buy, sell, and store cryptocurrencies directly within the Cash App. It's important to remember that parental consent is required for minors to use the Cash App and engage in cryptocurrency transactions.
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