Investing in Bitcoin and 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 invest it.
In practice, some cryptocurrency exchanges has a minimum age of 18 mandate, while requesting for KYC requirements.
As a teenager, you have to look for a beginner friendly exchange that you can make use of under 18 years..
This will help you to avoid the technical side of buying Bitcoin, and as well avoiding getting scammed.
In this guide, you will learn how to invest in cryptocurrency, while you’re still an under 18 year old teenager.
A brief on cryptocurrency for kids
A survey by Bitcoin.Com found millennials to have a greater interest in crypto than any other age group in the market.
If teenagers are going that big on Bitcoin 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 crypto miners were quite literally minors and teenagers.
Now that you know when teenagers started dealing with crypto investments, let me take you through the safest processes involved.
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 your 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!
Should Minors Be Buying Bitcoin?
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, as far as unpredictability and security.
Is it illegal to buy crypto under 18?
If not, why not?! You can own any crypto investment as a kid, so long as the money is officially yours and not someone else.
Grown-ups with a distinct fascination for cryptocurrency need little support to the decentralized lecture to their children.
How old do you have to be to buy Bitcoin?
There’s no such thing as a legal age to buy Bitcoin, and if you’re disciplined enough, you should buy it.
In practice, most platforms has an age limit due to KYC (Know Your Customer) rules.
How old do you have to be to use Bitcoin?
There’s no age restriction on using Bitcoin for kids, because Bitcoin 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?
Where can I buy Bitcoin under 18?
What’s the best crypto app for under 18?
To answer this question, it all depends on how knowledgeable you are with the internet, and device you’re using though.
However, I would recommend difference kinds of cryptocurrency apps for; portfolio tracking, wallets, exchanging and swapping crypto-coins etc.
What are the best apps to buy crypto under 18?
The best is Binance exchange mobile app, as it has in-built features that allow you to purchase Bitcoin and Altcoins easily.
In conclusion: Buy crypto under 18
Taking everything into account, there are some methods for purchasing your desired amount of Bitcoin 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 or purchase OTC, there are consistent approach to get your hands on some BTC.
Do not forget to secure your investment with an offline, or cold storage cryptocurrency wallet.
You can check my list of best cryptocurrency wallets in the market for teenagers under the age of 18 years.