Investing in Bitcoins under 18 years old is the same as adults.
There’s no such thing as a legal age to buy Bitcoin cryptocurrency for kids in any part of the world.
If you’re old enough to appreciate it, you should invest it.
In practice though, some cryptocurrency exchanges mandate a minimum age of 18, while they keep requesting for KYC requirements.
As a teenager, you have to look for an exchange that is beginner friendly. This will help you to avoid the technical side of buying BTC.
A brief on cryptocurrency for kids
If teenagers are going that big on Bitcoin investment, it shows that under aged siblings will follow up.
Most investors got into cryptocurrencies at 16 or younger, and have been hooked ever since. Some of the earliest miners were quite literally minors.
Now that you know when teenagers started dealing with cryptocurrency investments, let me take through the safest process to purchase any amount of Bitcoin.
Are you ready now?
How to buy Bitcoin under 18
You can buy Bitcoins securely and instantly on LocalCryptos, which is among the world’s trusted peer-to-peer crypto marketplace.
Buying Bitcoins with this platform is super easy and protected by escrow. Follow the guide below, so you can learn how to buy Bitcoins as a teenager under 18.
- Visit your account on LocalCryptos
- Select desired payment method
- Search for reputable sellers
- Make payment following vendor’s rules
- Receive Bitcoin in the exchange wallet
- Transfer your Bitcoin to secure wallet (Ledger Nano X or Trezor T)
Congratulations… you have successfully purchased your first Bitcoin on LocalCryptos marketplace, while still under 18 years old!
I’ve got good answers to some of the frequently asked questions for investing in Bitcoin cryptocurrency when you are still under the age of 18.
Should Minors Be Buying Bitcoin?
Grown-ups with a distinct fascination for cryptocurrency need little support to lecture the decentralized gospel to their children.
The odds of experiencing childhood in a cryptocurrency ‘house-hodl’, and not being presented to Bitcoin are thin to non-existent, by showing cutting edge latent capacity.
However, it ought to likewise incorporate an expression of caution about its dangers, both as far as unpredictability and security.
How old do you have to be to buy Bitcoin?
There’s no such thing as a legal age to buy BTC. If you’re disciplined enough, you should buy it. In practice, most platforms has an age limit due to KYC rules.
How old do you have to be to use Bitcoin?
There’s no age restriction on using Bitcoin for kids, because BTC is just yet another means of payment, just like fiat currencies.
Can you buy a fraction of a Bitcoin?
Yes of course! You can buy any amount of Bitcoin according to your budget. All you need is to know how you can store it safely.
What are the best Bitcoin wallets for kids under 18?
If you read my guide on how to secure your Bitcoin crypto wallet, it will help you avoid loosing your investment in a wallet.
Where can I buy Bitcoin under 18?
If you would like to learn more about other similar platforms, you can read this article on the best P2P (Peer-to-Peer) exchanges.
Conclusion on Bitcoin for kids
Taking everything into account, there are some methods for purchasing your desired amount of Bitcoin cryptocurrency as a minor.
It might take more research and due constancy than just joining in exchanging and making a buy, however, it is certainly possible.
Whether you join under one of your parent’s names, purchase OTC, or by using other cryptocurrency websites – there are consistent approaches to get your hands on some bitcoin.