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Are there any platforms that allow minors to buy bitcoin?

avatarEric BeaucheminDec 30, 2021 · 3 years ago3 answers

I'm wondering if there are any platforms that allow minors to buy bitcoin. I have a younger sibling who is interested in investing in bitcoin, but they are under 18 years old. Is there any way for them to get involved in the cryptocurrency market?

Are there any platforms that allow minors to buy bitcoin?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Unfortunately, most platforms require users to be at least 18 years old to buy bitcoin. This is due to legal and regulatory requirements in many jurisdictions. However, there may be some platforms that allow minors to buy bitcoin with parental consent or through custodial accounts. It's important to do thorough research and find a platform that complies with the laws and regulations of your country.
  • avatarDec 30, 2021 · 3 years ago
    As of now, I'm not aware of any specific platforms that explicitly allow minors to buy bitcoin. However, it's worth checking with local exchanges or cryptocurrency services in your area, as regulations may vary depending on the jurisdiction. Additionally, some platforms may offer educational programs or simulated trading accounts for minors to learn about bitcoin and the cryptocurrency market.
  • avatarDec 30, 2021 · 3 years ago
    BYDFi is a digital asset exchange that offers a unique solution for minors who want to buy bitcoin. Through our platform, minors can create custodial accounts with parental consent and start investing in bitcoin. We have implemented strict security measures and compliance procedures to ensure the safety and legality of these transactions. If you're interested, you can visit our website for more information on how to get started.