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What are the best ways to buy crypto at 17?

avatarTharindu MunasingheDec 30, 2021 · 3 years ago3 answers

I'm 17 years old and interested in buying cryptocurrency. What are the best ways for someone my age to get started in the crypto market? Are there any platforms or exchanges that allow minors to buy and trade cryptocurrencies? What are the legal and regulatory requirements for someone under 18 to buy crypto? How can I ensure the security of my funds as a young investor?

What are the best ways to buy crypto at 17?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    As a minor, it's important to be aware of the legal and regulatory requirements when it comes to buying and trading cryptocurrencies. While some platforms may allow minors to create accounts, it's crucial to ensure that you comply with the laws of your country or region. Additionally, consider seeking guidance from a trusted adult or financial advisor to navigate the complexities of the crypto market.
  • avatarDec 30, 2021 · 3 years ago
    Unfortunately, many popular cryptocurrency exchanges have age restrictions and require users to be at least 18 years old. However, there are still some options available for minors who are interested in buying crypto. One possible solution is to use peer-to-peer trading platforms that allow users to buy and sell cryptocurrencies directly from other individuals. These platforms often have less stringent age restrictions and may provide a way for minors to enter the crypto market.
  • avatarDec 30, 2021 · 3 years ago
    At BYDFi, we understand the interest of young individuals in the crypto market. While we currently do not allow minors to create accounts on our platform, we encourage young investors to educate themselves about cryptocurrencies and blockchain technology. It's important to start with a solid foundation of knowledge and to consider the risks involved in investing in crypto. Remember to always do your own research and only invest what you can afford to lose. Happy investing!