It’s tough to buy crypto when you’re under 18, but not impossible. Here are a few ways you can get your hands on some Bitcoin, Ethereum, or other digital assets.
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Purchasing cryptocurrency is a different story. In order to buy Bitcoin, Ethereum, or any other type of digital asset, you’ll need to use a cryptocurrency exchange. Currently, there aren’t many exchanges that allow users who are under the age of 18 to buy cryptocurrencies. Exchanges that currently allow this are:
-Kraken (requires additional verification)
What is Crypto?
Crypto is a shortened form of the word “cryptocurrency.” A cryptocurrency is a type of digital or virtual currency that is protected by cryptography. This makes it nearly impossible to counterfeit or double-spend. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.
Why is Crypto Popular?
There are many reasons why Crypto is popular. Some of these reasons include:
-The decentralization of Crypto provides users with more control over their money.
-Crypto is often seen as a more secure investment than traditional investments such as stocks and bonds.
-The volatile nature of Crypto can lead to high returns on investment.
-Crypto can be used anonymously, which is appealing to many users.
-Crypto is global, which means it can be used by anyone, anywhere in the world.
Where to Buy Crypto Under 18
There are a few ways to buy crypto under the age of 18. The most common way is to find an online broker that accepts young investors. Some popular online brokers that accept young investors are eToro, Binance, and Coinbase. You can also buy crypto directly from exchanges such as Bittrex and Kraken. Another way to buy crypto is through a peer-to-peer marketplace such as LocalBitcoins.
How to Buy Crypto Under 18
There are a few different ways to buy cryptocurrency if you are under the age of 18. The most common way is to use a peer-to-peer exchange, such as LocalBitcoins.com. You can also use a cryptocurrency ATM, or a service that allows you to buy crypto with a credit or debit card.
The Benefits of Buying Crypto Under 18
There are many benefits to buying crypto under 18. You may be able to get a better price for your investment, or you may be able to find a site that offers a higher return on your investment. In addition, you can often find sites that offer discounts for younger investors.
Many people believe that cryptocurrencies are the future of money. If you invest in crypto now, you could see a significant return on your investment in the future.Cryptocurrencies have become increasingly popular over the past few years, and their popularity is only expected to grow. If you want to get involved in the world of cryptocurrency, buying crypto under 18 is a great place to start.
The Risks of Buying Crypto Under 18
While there are a growing number of places that allow you to buy crypto under 18, there are also a number of risks associated with this. First and foremost, it is important to remember that crypto is a highly volatile market. This means that the value of your investment can go up or down very quickly. If you are not prepared for this volatility, you could end up losing a lot of money very quickly.
Another risk to consider is the fact that most crypto exchanges do not have the same level of regulation as traditional financial institutions. This means that there is a greater risk of fraud or theft. Finally, it is also worth mentioning that many countries do not yet have clear laws and regulations surrounding crypto. This could lead to problems down the line if you decide to invest in crypto under 18.
Based on our research, Coinbase is the only major exchange that allows users to buy crypto under 18. However, there are a few things to keep in mind before using Coinbase. First, you will need to have a parent or guardian create an account with Coinbase and link it to your own. Second, you will not be able to use a credit or debit card to buy crypto on Coinbase – you will need to use a bank account. Third, Coinbase has strict limits in place for how much crypto you can buy under 18. Lastly, it’s important to remember that the prices of cryptocurrencies are volatile and can rise and fall rapidly. So, be sure to do your own research before investing any money.
Frequently Asked Questions
Q: Can I buy crypto if I’m under 18?
A: Unfortunately, no. Most exchanges have a strict KYC (Know Your Customer) policy that requires users to be at least 18 years old in order to comply with anti-money laundering regulations. So if you’re under 18, you won’t be able to buy crypto on most exchanges.
Q: Where can I buy crypto if I’m under 18 then?
A: There are a few options for buying crypto if you’re under 18. One option is to find an adult friend or family member who can act as your guardian and help you set up an account on an exchange. Another option is to use a peer-to-peer trading platform like LocalBitcoins, where users can trade directly with each other without going through an exchange. Finally, you could also try using a Bitcoin ATM, though there aren’t many of these in operation and they may have higher fees than other options.
Q: Is it legal for me to buy crypto if I’m under 18?
A: There’s no definitive answer to this question since laws vary from country to country. In general, however, it should be fine for you to buy crypto as long as you’re doing so for personal use and not for purposes of investment or speculation. If you’re unsure, it’s always best to consult with a legal professional in your jurisdiction before making any trades.
There are a few additional resources that may be helpful for those looking to buy crypto under 18.
-Binance Academy: Binance Academy is a great resource for all things crypto, including guides on how to buy crypto under 18.
-CoinMarketCap: CoinMarketCap is a comprehensive website that allows users to track the prices of various cryptocurrencies.
-Cryptocompare: Cryptocompare is another website that provides price comparisons for various cryptocurrencies.