Are there any restrictions for minors looking to buy cryptocurrency?

3 answers

• sompong pokasriJun 28, 2020 · 5 years ago
  Yes, there are restrictions for minors looking to buy cryptocurrency. In most countries, the legal age to buy cryptocurrency is 18 years old. This is because buying and trading cryptocurrency involves financial transactions and carries certain risks. Minors are generally not allowed to engage in such activities without the consent and supervision of their parents or legal guardians. It is important for minors to understand the risks and potential consequences before getting involved in cryptocurrency.
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• Burt MasseySep 14, 2020 · 5 years ago
  Absolutely! Minors face restrictions when it comes to buying cryptocurrency. The age limit varies from country to country, but in general, you need to be at least 18 years old to legally purchase cryptocurrency. This is to protect young individuals from potential financial risks and scams. It's always a good idea for minors to consult with their parents or legal guardians before venturing into the world of cryptocurrency.
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• JonyleoJul 18, 2024 · a year ago
  Yes, there are restrictions for minors looking to buy cryptocurrency. For example, at BYDFi, a popular cryptocurrency exchange, users must be at least 18 years old to create an account and start trading. This age restriction is in place to comply with legal requirements and ensure the safety of young individuals. Minors should always seek guidance from their parents or legal guardians before engaging in any cryptocurrency-related activities.
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