What options are available for underage individuals to buy crypto?

3 answers

• Jan 12, 2022 · 3 years ago
  Unfortunately, most cryptocurrency exchanges require users to be of legal age to create an account and trade cryptocurrencies. This is due to regulatory requirements and the need to comply with anti-money laundering (AML) and know your customer (KYC) regulations. However, there may be some peer-to-peer platforms or decentralized exchanges that do not have strict age restrictions. It's important for underage individuals to research and understand the legal and regulatory requirements before attempting to buy crypto.
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• Jan 12, 2022 · 3 years ago
  As an underage individual, you may be able to buy cryptocurrencies through your parents or guardians. Some exchanges allow parents or guardians to create accounts on behalf of their children and manage their crypto investments. However, this option may require additional documentation and verification to prove the relationship between the account holder and the underage individual. It's important to check with the specific exchange or platform for their policies regarding underage accounts.
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• Jan 12, 2022 · 3 years ago
  At BYDFi, we understand that there is a growing interest in cryptocurrencies among underage individuals. While we currently do not support underage accounts, we encourage young individuals to learn about cryptocurrencies and blockchain technology. It's important to engage in responsible investing and seek guidance from trusted adults or financial advisors. As the cryptocurrency industry evolves, there may be new options and platforms that cater to the needs of underage individuals.
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