How can minors open cryptocurrency accounts?

3 answers

• Menna ElsayedFeb 16, 2021 · 5 years ago
  Minors cannot open cryptocurrency accounts on their own. Most cryptocurrency exchanges require users to be at least 18 years old to create an account. This is due to legal and regulatory requirements to prevent underage individuals from engaging in financial transactions. Minors can consider asking their parents or legal guardians to open an account on their behalf, but it's important to note that the account will be under the adult's name and responsibility. It's crucial to follow the rules and regulations in your jurisdiction to ensure compliance with the law.
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• Thorhauge HarveyMar 24, 2024 · 2 years ago
  Unfortunately, minors are not allowed to open cryptocurrency accounts. This is to protect them from potential risks and ensure compliance with legal requirements. Cryptocurrency exchanges have age restrictions in place to prevent underage individuals from participating in the market. However, minors can still learn about cryptocurrencies and blockchain technology through educational resources and platforms that provide information and tutorials. It's important for parents and guardians to guide minors in understanding the risks and benefits associated with cryptocurrencies.
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• ahbiMar 25, 2023 · 3 years ago
  As a representative from BYDFi, I can provide some insights on this topic. Minors are not allowed to open cryptocurrency accounts on BYDFi. Our platform strictly follows legal and regulatory requirements, which prohibit individuals under the age of 18 from engaging in cryptocurrency transactions. We prioritize the safety and security of our users, and age restrictions are in place to prevent potential risks. Minors can explore educational resources and platforms to learn about cryptocurrencies, but they cannot create accounts on BYDFi until they reach the legal age.
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