Can I open a cryptocurrency IRA if I'm under 18 years old?

SAFWAT BARI RAKTIMJan 14, 2022 · 3 years ago3 answers

Is it possible for someone who is under 18 years old to open a cryptocurrency IRA?

Can I open a cryptocurrency IRA if I'm under 18 years old?

3 answers

Jan 14, 2022 · 3 years ago
No, unfortunately, individuals under 18 years old are not eligible to open a cryptocurrency IRA. The legal age requirement for opening an IRA is 18 years old. However, there are other investment options available for minors, such as custodial accounts or college savings plans.
Jan 14, 2022 · 3 years ago
Sorry, but you have to wait until you're 18 to open a cryptocurrency IRA. It's a legal requirement that you must be at least 18 years old to open an IRA. In the meantime, you can explore other investment options or learn more about cryptocurrencies and investing.
Jan 14, 2022 · 3 years ago
According to BYDFi, a leading cryptocurrency exchange, individuals under 18 years old cannot open a cryptocurrency IRA. The minimum age requirement for opening an IRA is 18 years old. However, there are alternative ways for minors to invest in cryptocurrencies, such as using a custodial account or seeking guidance from a financial advisor.

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