Can you buy Bitcoin if your under 18?
Can you buy Bitcoin if you are underaged? There’s no such thing as a legal age to buy bitcoin. If you’re old enough to appreciate it, you should be old enough to buy it. In practice though, most exchanges mandate a minimum age of 18, in keeping with KYC requirements.
How can I buy Bitcoin at 17?
It is not illegal for minors to buy bitcoins. On the other hand, making an agreement with a minor can be risky. Just set up a Coinbase account using your parents ID and bank account info/ credit card info and pay them back using your cash. Check for a Bitcoin ATM near by on google.
Where can I buy BTC under 18?
Underage and Overeducated
Using eBay and/or Paypal to buy small amounts of bitcoin is easily done but you will pay dearly for the privilege and are urged to check seller ratings before parting with cash. Bitcoin listings on eBay. Bitcoin ATM: In theory, ATMs are the perfect way for under-18s to buy cryptocurrency.
How do I buy Bitcoin underage?
In bitcoin, there is no “under age”. Localbitcoins.com is good. Visit a shop that accepts bitcoin and asks if they sell you some for cash. You can also try the local trader feature within mycelium for android.
Can a 16 year old buy Bitcoin?
Yes, you can buy bitcoin if you are under 18 years old. … Most exchanges nowadays make it so that you have to comply to their Know Your Customer (KYC) regulations in order to buy bitcoins on their platform.
How do I use Coinbase under 18?
In order to link a funding method or to purchase or sell digital currency, you must be at least 18 years old (or the applicable age of majority and contractual capacity). If you are under the age of 18 and you wish to engage in digital currency purchase or sale activity, please contact us at email@example.com .
Do you need ID for Bitcoin ATM?
The trend of Bitcoin ATMs is not very prevalent. But it is still one of the best ways of buying Bitcoin without an ID. Some BTC ATMs don’t require you to disclose your identity and they don’t require facial or fingerprint identification. You can simply buy bitcoins from such ATMs in exchange for fiat currency.
How legit is Coinbase?
The short answer is “yes, Coinbase is a legitimate cryptocurrency exchange and broker”. That is because of its high profile investors and highly regulated location (San Francisco). Coinbase is very unlikely to run away with your money. … If privacy is important to you, almost any other major US exchange would be better.
Can you buy Bitcoin without ID?
It’s possible to buy bitcoins with no ID on LocalBitcoins either by buying bitcoins with cash deposit or meeting in person and trading cash. Still, in 2019, Localbitcoins implemented new KYC (Know Your Customer) rules. LocalBitcoins is available anywhere where there is a willing seller.
Is Phemex safe?
Based on the advanced experience of the founders in Wall Street risk management, they are able to quickly detect any malicious actions and take rapid action to protect their users’ assets and the platform. Another sign that Phemex is safe is that the core team consists of ex-managers and developers from Morgan Stanley.
How old do you have to be to buy Bitcoins cash App?
To be eligible for virtual currency purchases on the Cash App, users must: be a resident of the United States. be an individual person, not an entity, using the service for personal use. be at least 18 years, and the age of majority in your state of residence, or older to use the service.
Why do you need ID to buy Bitcoin?
Because it’s possible for Bitcoin users to send and receive BTC to one another without providing proof of ID, the currency is sometimes described as being anonymous. However, a more accurate way to refer to Bitcoin is as a pseudonymous currency.
Where can I buy Bitcoin?
In the United States, these exchanges include Coinbase, Kraken, Gemini, and Binance U.S., to name a few. Each of these exchanges has grown significantly in the number of features they offer. Coinbase, Kraken, and Gemini offer Bitcoin and a growing number of altcoins.