BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards

Is it legal for someone under 18 to open a cryptocurrency trading account?

McWilliams HolgersenMay 02, 2022 · 3 years ago3 answers

What are the legal restrictions for individuals under 18 who want to open a cryptocurrency trading account?

3 answers

  • May 02, 2022 · 3 years ago
    According to most jurisdictions, individuals under the age of 18 are not legally allowed to open a cryptocurrency trading account. This is due to the potential risks and complexities associated with cryptocurrency trading. It is important to comply with the legal requirements and restrictions in your country or region to avoid any legal consequences. It is recommended to wait until you reach the legal age before engaging in cryptocurrency trading.
  • May 02, 2022 · 3 years ago
    No, it is not legal for someone under 18 to open a cryptocurrency trading account. The age restriction is in place to protect minors from potential financial risks and scams associated with cryptocurrency trading. It is important to abide by the laws and regulations in your jurisdiction to ensure a safe and legal trading environment.
  • May 02, 2022 · 3 years ago
    As an expert in the field, I can confirm that it is generally not legal for individuals under 18 to open a cryptocurrency trading account. However, it is important to note that the legal requirements may vary depending on the jurisdiction. It is always recommended to consult with a legal professional or financial advisor to understand the specific regulations in your country or region.