How to Buy Bitcoin Under 18
Gift cards
Bitcoin etf kde koupit? Many platforms allow you to buy bitcoins if you are under 18. However, you should not attempt to buy bitcoins in a secluded area or transact without KYC. Some websites offer a safe and secure escrow system. However, it is best to buy bitcoins with a gift card instead of the traditional form of payment.
You can buy cryptocurrencies on the Bybit https://www.bybit.com/en-US/ exchange with a credit or debit card, PayPal account, or gift card. However, you should note that some platforms have age limits when it comes to using cash to buy bitcoins. As a general rule, minors must be accompanied by a parent or guardian when making a cash transaction.
Peer-to-peer marketplaces
Peer-to-peer marketplaces
Buying bitcoin is legal for underage buyers, but it is important to know where to buy it. A popular peer-to-peer marketplace is LocalBitcoins, where buyers and sellers can meet. It accepts payments through PayPal, Interac, and cash deposits. Although these options are convenient, buying Bitcoin with a stranger is risky, especially if you are under 18.
When educating kids about cryptocurrency, it’s important to emphasize the risks associated with investing. Even though many under-18s will be curious about it, the likelihood of them becoming crypto “house hodls” is slim to none. This is especially true for younger siblings with a growing interest in the technology. Many of the most famous bitcoiners were 16 and younger, and the earliest miners were minors. Until recently, Coinbase allowed under-18s to buy bitcoin, but this policy has since been revoked. In the early days of bitcoin, regulation was much laxer.
Exchanges
If you are a minor and want to buy Bitcoin, you can do it through several ways, including online exchanges. Some of them accept payments using credit/debit cards, PayPal, and bank transfers. Others accept gift cards and cash. You need to check the rules in your area before you make your purchase, but you can usually buy Bitcoin for under-18s without much hassle.
Traditional exchanges will perform identity checks when a customer purchases Bitcoin. This is required to protect customers from being in trouble with the law. Therefore, if you are under 18, make sure you have a parent or guardian accompany you when you make your purchase.
Custodial accounts
For those who want to invest in cryptocurrency but are under the age of 18, there are a few ways to go about it. Some crypto trading platforms will allow you to open a custodial account for a minor. However, this means that the beneficiaries of the account will not have any control over the funds until they reach the age of 18 or 21. In this way, the crypto investments you make as a minor can be a part of your future.
Some banks offer a custodial account for minors. These accounts can help parents manage their children’s money and invest it for their future. This type of account requires no minimum balance and can be opened with just a few clicks of the mouse. These accounts are ideal for kids as they are easy to set up and maintain, and there is no monthly maintenance fee to worry about. The APY on these accounts is also quite generous.
OTC method
One way of buying Bitcoin under 18 is by buying it directly from the seller. This method is also known as over-the-counter trading or OTC. Unlike the exchanges, where the buyer and seller deal with different third parties, the OTC method allows one to negotiate the price directly.
There are a few sites where under-age buyers can buy Bitcoin. Solidi and Bitcoinprijzen are two such sites. Both have terms and conditions, but you’ll need a parent or guardian to set up an account for you. Another option is Bitcoinprijzen, a Dutch site where under-age buyers can purchase cryptocurrency.