KuCoin is a market-leading trading platform that allows investors to purchase over 700 different cryptocurrencies. It is therefore one of our best picks for those under 18 looking to invest in a wide range of altcoins. For those under 18, account verification on KuCoin is optional, which means that cryptos can be purchased and traded with just an email or phone number. KuCoin users can purchase different altcoins through spot markets, the P2P platform, or the platform’s Fast Trade module. There are several ways to purchase cryptocurrencies through the KuCoin exchange.
You can use many payment methods, such as Google Pay, Apple Pay, Bank transfer, or credit cards. One of the most common methods for buying bitcoin is through a bitcoin exchange. Bitcoin exchanges are online platforms that allow users to buy and sell bitcoin using different fiat currencies or other cryptocurrencies. While buying bitcoin with gift cards can be a convenient option, it’s essential to exercise caution and ensure you are using a reputable platform. Research the platform’s reputation, check user reviews, and only trade with verified sellers to minimize the risk of scams or fraudulent activity.
How to Buy Cryptocurrency Under 18 Using MEXC (Only email required)
“No-KYC exchanges” are platforms that do not ask for your identity documents (like a passport or ID card) when you sign up or for small transactions. KYC stands for “Know Your Customer,” and it is a process banks and safest crypto exchanges use to check who their users are. Using decentralized exchanges, you face the same problem as when using top centralized crypto exchanges – there is no easy way of onboarding fiat for crypto. If, however, you manage to get your hands on crypto in some other way, you can easily buy, sell, and trade crypto How to buy bitcoin under 18 on both centralized and decentralized exchanges. There are several different ways of obtaining Bitcoin if you are under 18.
As a minor, it’s important to ensure that you adhere to the age restrictions set by the platform. LocalBitcoins, for example, requires users to be at least 16 years old. There are many methods to consider when buying and selling crypto for underage users. However, according to our research, we believe using centralized crypto exchanges can be the safest and fastest way to protect you from hacking and phishing in the crypto space. Buying Bitcoin under 18 is feasible with the right approach and parental involvement.
Peer-To-Peer Exchanges
The world-leading platform does not require KYC verification to make spot purchases and provides a safe, secure, and clean environment to start building a crypto portfolio. According to data collected by Stilt, 17.40% of all cryptocurrency transactions are completed by those from Generation Z (currently aged between 18-24). Note that the payment method will vary depending on the cryptocurrency being purchased. Remember to check which payment methods are available for the crypto of interest. You need to choose one of the decentralized cryptocurrency wallet options to open a cryptocurrency wallet.
- You can buy crypto under 18 using no-KYC crypto exchanges, peer-to-peer platforms, crypto gift cards, Bitcoin ATMs, DEXs, or through freelance work.
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- Fast Trade allows individuals to purchase crypto directly using various payment methods including Visa, Mastercard, and bank transfer.
- You can locate the closest Bitcoin ATM by using a website such as Coin ATM Radar.
- Firstly, your parent or guardian can purchase coins for you and send them to your crypto wallet via their crypto account with permission.
Is it legal to buy Bitcoin if I’m under 18?
Some ATMs may allow small purchases without KYC, but this still doesn’t make it legal for underage users. Airdrops, crypto games, and faucet sites also offer small amounts of crypto. You can also earn by doing freelance work and getting paid in crypto.
Buying Bitcoin through a Bitcoin Exchange
You have several options to buy cryptocurrency if you’re under 18. Firstly, your parent or guardian can purchase coins for you and send them to your crypto wallet via their crypto account with permission. Alternatively, you can use Bitcoin ATMs to buy crypto with cash or a debit card. You can also swap gift cards for crypto through platforms like BitPay and P2P platforms like Paxful.
How to Buy Bitcoin Under 18? Age Limit in 2023 CoinCodex (
Almost all crypto exchanges require users to be at least 18 years old. This rule is based on laws that prevent minors from signing legal agreements. The legality of buying Bitcoin as a minor varies from country to country. In some regions, there might be age restrictions or requirements for parental consent. Familiarize yourself with the regulations in your country or seek legal advice to ensure compliance. Remember, it’s crucial to conduct thorough research and due diligence when using a P2P bitcoin marketplace.
Exchanges use facial recognition and ID matching, so the account will likely be flagged. Instead, it’s better to wait until you’re 18 or ask your parents to create an account in their name and manage it legally. Peer-to-peer (P2P) trading means you buy or sell cryptocurrency directly with another person, without a central exchange holding the funds. However, DEXs can be more complicated to use, especially for beginners. You need to understand how to manage your own crypto wallet and how to deal with network fees. There is also a higher risk of making mistakes if you are not careful, as there is no customer support to help you if you send funds to the wrong address.
These platforms connect buyers and sellers directly, allowing you to purchase bitcoin from individuals who are willing to sell it. P2P marketplaces often have age verification measures in place, which may require you to provide proof of identity or undergo a verification process. We have compiled a list of crypto exchanges that do not require ID. While these exchanges state users must be over 18, they also do not ban underage investors by mandating ID verification for all accounts. Therefore, these exchanges should be used by a parent or guardian on behalf of the minor.
This means you keep full control of your assets, and you do not need to go through a KYC process. The process usually involves scanning a QR code from your crypto wallet, inserting cash, and then the Bitcoin is sent to your wallet. Some Bitcoin ATMs might ask for a phone number verification, but not always a full ID, especially for smaller amounts. After buying, it’s important to manage your crypto assets responsibly.
These ways may charge more, have fewer trading pairs, or have more risks than a regulated, centralized crypto exchange. You may lose money through scams, fake platforms, or failed transactions. Most legal exchanges ban underage users, so you may get locked out of your account. One of the most accessible ways for minors to buy Bitcoin is through Bitcoin ATMs. These machines allow you to purchase Bitcoin using cash or a debit card.
Is it legal to buy cryptocurrency if you’re under 18?
Today’s tech-savvy youth are increasingly drawn to Bitcoin, and with its rise in popularity, many are curious about how to get started. Bitcoin ATMs are machines that let you purchase Bitcoin with cash or a debit card. You can locate the closest Bitcoin ATM by using a website such as Coin ATM Radar. There are 10 million registered users and more than 200,000 daily active users on MEXC.
- The younger generation may fail at investing independently due to a lack of understanding of cryptocurrencies.
- Some countries may have a minimum age requirement to buy or own bitcoin, while others may not have any specific age restrictions.
- You may lose money through scams, fake platforms, or failed transactions.
- Keep in mind that the value of Bitcoin can fluctuate, so the amount you receive upon selling may be different from your initial investment.
- Avoid high-risk, unverified exchanges or “free crypto” offers to minimize exposure to scams.
Upon her friend’s recommendation to invest in Bitcoin in 2015, she became interested in all things crypto. When she is not writing reviews or guides about DeFi and other crypto products and services, Emma prefers to spend her time in the company of her friends and family.
It supports over 350 digital assets, including BTC, ETH, and other popular altcoins. You can buy over 420 cryptocurrencies, such as Bitcoin, Ethereum, Cardano, and more. Bybit also has a mobile app that lets you trade anytime and anywhere.
If you’re younger than 18 and want to buy cryptocurrency, you can do it with the help of a parent or older sibling. They can get your coins with their crypto account and send them to your crypto wallet. It also uses cold storage, 2FA, and anti-phishing codes to protect your account and assets. You can use GT to pay fees, join startup projects, and get other benefits on the platform.