Can minors buy crypto? If so, what are the restrictions?

3 answers

• May 05, 2022 · 3 years ago
  As of now, minors are generally not allowed to buy cryptocurrencies due to legal restrictions and concerns over their ability to understand the risks involved. However, some platforms may offer limited access to cryptocurrencies for minors, with parental consent and supervision. It is important to check the specific regulations and requirements of each platform before attempting to make a purchase.
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• May 05, 2022 · 3 years ago
  Nope, sorry kiddo! Buying crypto is typically restricted to individuals who have reached the age of majority in their respective jurisdictions. This is to ensure that buyers fully understand the risks and responsibilities associated with cryptocurrency investments. So, for now, you'll have to wait until you're old enough to join the crypto party!
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• May 05, 2022 · 3 years ago
  While I can't speak for all platforms, at BYDFi, we currently do not allow minors to buy cryptocurrencies. We prioritize the safety and compliance of our users, and adhering to legal regulations is a crucial part of that. However, we encourage young individuals to educate themselves about cryptocurrencies and blockchain technology, as it can be a valuable learning experience for the future.
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