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Is there an age restriction for accessing digital currencies through the cash app?

avatarOlivia JulianDec 27, 2021 · 3 years ago3 answers

I would like to know if there is any age restriction for accessing digital currencies through the cash app. Can minors use the cash app to buy and sell cryptocurrencies? Is there any specific age requirement or verification process involved?

Is there an age restriction for accessing digital currencies through the cash app?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, there is an age restriction for accessing digital currencies through the cash app. Users must be at least 18 years old to use the cash app for buying and selling cryptocurrencies. This age requirement is in place to comply with legal regulations and ensure responsible use of digital currencies.
  • avatarDec 27, 2021 · 3 years ago
    Unfortunately, minors are not allowed to use the cash app for accessing digital currencies. The app requires users to verify their age and identity, and only individuals who are 18 years or older can complete the verification process. This restriction is in place to protect minors from potential risks associated with cryptocurrency transactions.
  • avatarDec 27, 2021 · 3 years ago
    As a representative of BYDFi, I can confirm that the cash app follows strict age restrictions for accessing digital currencies. Users must be at least 18 years old to use the app for buying and selling cryptocurrencies. This requirement is in line with industry standards and regulatory guidelines to ensure a safe and secure environment for digital currency transactions.