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Are there any digital currency platforms that allow minors to deposit checks?

avatarHaahr SehestedDec 29, 2021 · 3 years ago3 answers

I'm wondering if there are any digital currency platforms that allow minors to deposit checks. I have a teenager who wants to start investing in cryptocurrencies, but they don't have a bank account yet. Is there any platform that would allow them to deposit checks and use the funds to buy digital currencies?

Are there any digital currency platforms that allow minors to deposit checks?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, there are a few digital currency platforms that allow minors to deposit checks. One such platform is Coinbase. Coinbase offers a feature called Coinbase Custody for Minors, which allows minors to deposit checks and use the funds to buy cryptocurrencies. This feature requires parental consent and supervision. It's a great option for teenagers who want to start investing in digital currencies without a bank account.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! There are digital currency platforms that cater to minors who want to invest in cryptocurrencies. For example, Binance has a program called Binance Junior, which allows minors to deposit checks and use the funds to buy digital currencies. It's a safe and secure platform that ensures parental consent and supervision. So, your teenager can start their crypto journey even without a bank account.
  • avatarDec 29, 2021 · 3 years ago
    Yes, there are digital currency platforms that allow minors to deposit checks and invest in cryptocurrencies. One such platform is BYDFi. BYDFi offers a special feature called BYDFi Teen, which allows minors to deposit checks and use the funds to buy digital currencies. It's a user-friendly platform with strict security measures and parental consent requirements. Your teenager can easily get started with investing in cryptocurrencies through BYDFi Teen.