Is it legal for individuals under 18 to buy crypto?

3 answers

• May 05, 2022 · 3 years ago
  According to current regulations, individuals under the age of 18 are not legally allowed to buy cryptocurrencies. This is because cryptocurrency transactions are considered financial activities and are subject to age restrictions, similar to traditional financial products. It's important for young individuals to be aware of these regulations and to wait until they reach the legal age before engaging in cryptocurrency transactions.
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• May 05, 2022 · 3 years ago
  Nope, sorry kiddo! Buying crypto is off-limits for those under 18. The law sees cryptocurrencies as a form of financial investment, and just like you can't open a bank account or get a credit card, you can't buy crypto either. It's all about protecting young people from potential risks and ensuring they have the necessary knowledge and experience to make informed financial decisions.
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• May 05, 2022 · 3 years ago
  While I can't speak for other exchanges, at BYDFi, we strictly adhere to the legal requirements and regulations. This means that individuals under the age of 18 are not allowed to buy cryptocurrencies on our platform. We prioritize compliance and the safety of our users, and we encourage young individuals to wait until they are of legal age before engaging in cryptocurrency transactions.
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