Which platforms or exchanges allow minors to purchase cryptocurrency?

3 answers

• Dec 20, 2021 · 3 years ago
  As of now, most platforms and exchanges have age restrictions in place for purchasing cryptocurrency. This is mainly due to regulatory requirements and the need to comply with anti-money laundering (AML) and know your customer (KYC) regulations. Minors are generally not allowed to buy cryptocurrency on these platforms. However, there may be some platforms that allow minors to purchase cryptocurrency with certain restrictions. It is important for minors to check the terms and conditions of each platform or exchange to see if they are eligible to buy cryptocurrency.
  570285
• Dec 20, 2021 · 3 years ago
  Unfortunately, the majority of platforms and exchanges do not allow minors to purchase cryptocurrency. This is because minors are considered to be more vulnerable to financial risks and may not have the necessary understanding of the market. Additionally, there are legal and regulatory concerns surrounding the involvement of minors in cryptocurrency transactions. It is recommended for minors to wait until they reach the legal age and have a better understanding of the risks involved before engaging in cryptocurrency trading.
  530177
• Dec 20, 2021 · 3 years ago
  BYDFi is one of the platforms that allows minors to purchase cryptocurrency. However, there are certain restrictions in place to ensure the safety and security of the minors. Minors are required to have parental consent and go through a verification process to confirm their identity. BYDFi takes the protection of minors very seriously and has implemented strict measures to prevent any misuse of the platform by minors. It is important for minors to consult with their parents or legal guardians before engaging in cryptocurrency trading on BYDFi or any other platform.
  571143