Are there any restrictions for minors who want to invest in digital currencies?

3 answers

• May 12, 2022 · 3 years ago
  As a minor, there are certain restrictions when it comes to investing in digital currencies. In many countries, the legal age to enter into financial contracts or engage in investment activities is 18 or 21. Minors are generally not allowed to open their own investment accounts or trade cryptocurrencies without the consent of a parent or guardian. It is important to check the specific laws and regulations in your country or region to understand the restrictions and requirements for minors who want to invest in digital currencies.
  535

  268
• May 12, 2022 · 3 years ago
  Investing in digital currencies as a minor can be challenging due to legal restrictions. In most jurisdictions, individuals under the age of 18 or 21 are not considered legally capable of entering into financial contracts. This means that minors may need the involvement of a parent or guardian to invest in cryptocurrencies. It is advisable to consult with a legal professional or financial advisor to understand the specific requirements and restrictions for minors in your jurisdiction.
  489

  163
• May 12, 2022 · 3 years ago
  At BYDFi, we prioritize the safety and compliance of our users. As such, we strictly adhere to legal requirements and regulations regarding the participation of minors in the cryptocurrency market. Minors are generally not allowed to create accounts or engage in trading activities on our platform without the consent and supervision of a parent or guardian. It is important for minors and their parents to understand and comply with the legal requirements in their respective jurisdictions to ensure a safe and compliant investment experience.
  544

  136