Is it legal for minors to engage in crypto trading?

3 answers

• May 05, 2022 · 3 years ago
  No, it is not legal for minors to engage in crypto trading. Most countries have age restrictions in place to protect young individuals from potential financial risks and scams. It is important for minors to focus on their education and financial stability before getting involved in such high-risk activities.
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• May 05, 2022 · 3 years ago
  Yes, minors can engage in crypto trading, but they need to have the consent and supervision of their parents or legal guardians. It is crucial for parents to educate themselves about the risks and benefits of cryptocurrency trading and guide their children accordingly. Minors should also be aware of the legal and tax implications of their trading activities.
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• May 05, 2022 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, minors are not allowed to trade on their platform. They prioritize the safety and compliance of their users, and therefore strictly enforce the legal age requirement. Minors should wait until they reach the legal age to participate in crypto trading on BYDFi or any other reputable exchange.
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