Is it legal for a minor to invest in cryptocurrencies through a brokerage account?

3 answers

• Dec 27, 2021 · 3 years ago
  Legally, minors are not allowed to invest in cryptocurrencies through a brokerage account. The legal age for investing in cryptocurrencies varies by jurisdiction, but generally, individuals must be at least 18 years old to open a brokerage account. Minors may need to have a custodial account set up by a parent or guardian in order to invest in cryptocurrencies.
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• Dec 27, 2021 · 3 years ago
  No, it is not legal for a minor to invest in cryptocurrencies through a brokerage account. Brokerage accounts typically require individuals to be of legal age to enter into financial contracts, which is usually 18 years old. Minors can explore other options such as investing through a custodial account or seeking guidance from their parents or legal guardians.
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• Dec 27, 2021 · 3 years ago
  While I can't speak for other exchanges, at BYDFi, we prioritize compliance with legal regulations. It is not permissible for minors to invest in cryptocurrencies through a brokerage account. We encourage minors to consult with their parents or legal guardians and explore alternative investment options that are suitable for their age and financial goals.
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