Is it legal to trade crypto under 18?

3 answers

• Dec 29, 2021 · 3 years ago
  As a general rule, the legal age to trade cryptocurrencies varies from country to country. In some jurisdictions, individuals under the age of 18 are not allowed to engage in any financial transactions, including trading cryptocurrencies. It is important to consult with local laws and regulations to determine the specific legal requirements for trading crypto as a minor. However, there are platforms that offer crypto trading accounts specifically for minors, with the involvement and consent of a parent or guardian. These platforms often have additional safeguards in place to protect the interests of young traders. It is crucial to understand and comply with the legal requirements in your jurisdiction to ensure that you are trading cryptocurrencies in a lawful manner.
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• Dec 29, 2021 · 3 years ago
  Trading cryptocurrencies under the age of 18 can be a complex legal issue. While some countries have strict regulations that prohibit minors from engaging in financial activities, others may have more lenient rules or no specific regulations in place. To determine the legality of trading crypto as a minor, it is essential to consult with legal professionals or seek guidance from financial regulators in your country. They will provide accurate information and advice based on the specific laws and regulations in your jurisdiction. Remember, it is always better to err on the side of caution and comply with the legal requirements to avoid any potential legal consequences.
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• Dec 29, 2021 · 3 years ago
  At BYDFi, we prioritize compliance with legal regulations and adhere to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. As such, we require all our users to be of legal age to trade cryptocurrencies. Trading crypto under the age of 18 is not permitted on our platform. However, there may be other platforms that cater to minors and offer crypto trading services with proper parental consent and supervision. It is important to research and choose a platform that aligns with your legal obligations and provides a safe and secure trading environment for minors.
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