Is it allowed for individuals under 18 to buy crypto?

3 answers

• May 03, 2022 · 3 years ago
  According to current regulations, individuals under the age of 18 are generally not allowed to buy cryptocurrencies. This is because cryptocurrency transactions involve financial risks and require a certain level of understanding and responsibility. It is important to comply with the legal age restrictions and seek guidance from parents or legal guardians before engaging in any cryptocurrency transactions.
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• May 03, 2022 · 3 years ago
  No, it is not allowed for individuals under 18 to buy crypto. The legal age for purchasing cryptocurrencies may vary depending on the jurisdiction. It is crucial to check the local regulations and comply with the age restrictions to avoid any legal consequences. It is recommended to consult with a legal professional or financial advisor for guidance in this matter.
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• May 03, 2022 · 3 years ago
  As an expert in the field, I can confirm that individuals under 18 are generally not permitted to buy cryptocurrencies. However, there are some platforms or exchanges that may allow minors to create accounts with parental consent or supervision. It is important to conduct thorough research and choose a reputable platform that complies with the legal requirements and ensures the safety of the user's funds. BYDFi, for example, allows individuals under 18 to create accounts with parental consent, providing a secure and educational environment for young investors.
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