Investing in cryptocurrencies under 18 years old is the same as adults.
There’s no such thing as a legal age to buy Bitcoin, and other cryptocurrencies for kids in any part of the world.
If you’re old enough to appreciate it, you should be old enough to buy crypto under 18.
In practice, some crypto exchanges has a minimum age mandate, while requesting for KYC or AML verifications.
As a teenager, you have to look for a beginner friendly platform that allows under 18 years individuals access to usage.
This will help you to avoid the technical side of buying digital currency and assets without getting scammed.
In this guide, you will learn how to invest in cryptocurrency under 18 year old as a teenage investor.
Crypto investment for kids
A Bitcoin.Com survey found out that millennials have greater interest in crypto than all the other age groups in the ecosystem.
If teenagers are going that big on crypto investment, it shows that under aged siblings will follow up.
Most investors got into cryptocurrencies below 16, and have been hooked ever since.
This actually explains why some of the earliest cryptocurrency miners were literally minors or teenagers.
Now that you know when teenagers started dealing with crypto, let’s take you through the safest processes involved.
Let’s begin…
How to buy crypto under 18 years old
You can buy Bitcoins securely and instantly on Binance, which is among the world’s trusted crypto exchange platform.
If you’re just getting to know about the platform for the firstime, then you can read review on Binance.
Follow the simple steps below to buy Bitcoins as an under 18 teenager:
- Setup a wallet for your digital assets
- Select a reliable crypto exchange
- Verify your KYC/AML identities
- Add funds to the exchange account
- Choose the crypto-coin to buy
- Execute the transaction on the platform
- Transfer your crypto to the external wallet.
You should use a hardware wallet (i.e. cold storage) device to keep your digital assets away from cyber thefts.
Over to you
Taking everything into account, there are methods for purchasing any amount of crypto as a minor.
It might take more research and due constancy than just joining in buying and selling, but it is certainly possible.
Whether you join one of your parent’s names or purchase OTC, there are some approaches to get your hands on some cryptocurrencies.
Don’t forget to store your investment in an offline cold storage cryptocurrency wallet.
You can check my list of best cryptocurrency wallets in the market for teenagers under the age of 18 years.
