Cryptocurrency captivates people worldwide with the promise of financial freedom. However, those under 18 might find legal hurdles intimidating. I have found the absolute easiest way to buy cryptocurrency if you are under 18. There is no ID, no age verification, and it’s super easy.
Impact-Site-Verification: e4e7df8b-27cd-4c60-8e7f-9cae647a2d75This guide helps minors navigate crypto purchases, covering platforms, methods, and advice.
Teen Crypto Adventures
When I was 17 years old, crypto was booming and I was eager to buy into the market. All the websites like Binance, Metamask, and Coinbase require ID that I didn’t have at that time. The way that you buy cryptocurrency under 18 is through a Discord server called Crypto World. It’s a cryptocurrency exchange.
There are some specific exchange rates on the server. Their minimum exchange fee is $4. If you are a normal member then it will be 10% for this exchange. If you spend $100, the fee would be $10 which is literally the same fee as Coinbase. All you need to do is exchange your cryptocurrency.
Here you go on exchange, click on PayPal, click on crypto, and click on the coin you want to receive. You have the ticket now. Put a check on agreeing on all terms and conditions. The crypto coins and inside our wallet now. Here are additional factors to consider when purchasing cryptocurrency under the age of 18.
How To Buy Crypto Under 18 First Time?
Even if you’re under 18, these pointers can help you step into the crypto universe.
1) Educate Yourself
Entering the world of cryptocurrency demands a foundational understanding. Start by understanding the basics of blockchain technology, the foundation of cryptocurrencies.
Learn how wallets work as safe storage for your crypto.
Explore exchanges – online places to trade different cryptocurrencies. These platforms help you enter the crypto world conveniently. This knowledge is like having the key to the crypto universe, boosting your confidence to make smart choices. Platforms like Coinbase, Binance, and Cash App are newbie-friendly and offer various cryptocurrencies.
When considering specific cryptocurrencies to invest in, like Ethereum, take the time to research their features, use cases, and market trends. Being well-informed empowers you to make wise decisions and navigate the often volatile crypto market with more confidence.
2) Use a Guardian’s Account
If you’re under 18, you might face a hurdle because you can’t legally do financial stuff. But you can work around it by using a grown-up’s account – like your guardian’s. You’ll need their permission and trust for this to work.
3) Choosing the Right Wallet
Once you’ve successfully purchased cryptocurrency, the next step is to secure it. Crypto wallets have different types: software, hardware, and paper. Choose one that fits your security needs after researching.
4) Getting Started
Buying crypto when you’re under 18 needs determination, patience, and help from guardians. You must remember the risks in a changing market and start small.
5) Stay Informed and Ask for Help
As a young crypto fan, learn from experienced people and online groups. Keep up with crypto news for smart choices.
Binance: A Platform for Young Crypto Enthusiasts
How to buy crypto under 18 using Binance? To buy crypto under 18 using Binance:
- Check if Binance Junior accounts are available in your area.
- Access Binance Junior if applicable.
- Obtain parental consent if needed.
- Set up your Binance Junior account.
- Fund your account with parental involvement.
- Start trading supported cryptocurrencies.
- Prioritize account security with 2FA and precautions.
How to Buy Bitcoin on Cash App Under 18?
Buying Bitcoin on Cash App under 18 involves these steps:
- Download Cash App: Install the Cash App on your smartphone.
- Sign Up: Create an account with your phone number or email.
- Link a Bank Account: Add your bank account to your Cash App account.
- Verify Identity: Complete the identity verification process.
- Add Funds: Add money to your Cash App balance from your linked bank account.
- Buy Bitcoin: Tap the “Investing” tab, select “Bitcoin,” and then “Buy.”
- Confirm Purchase: Review and confirm the purchase details.
- Storage: Cash App allows you to store your Bitcoin within the app, or you can withdraw it to an external wallet for added security.
How to Buy Crypto Under 18 from Revolut?
To buy crypto under 18 from Revolut:
- Install the Revolut app on your device.
- Sign up for a Revolut account using your phone number.
- Complete the identity verification process as required by Revolut.
- Top up your Revolut account with funds from your linked bank account.
- Within the app, navigate to the “Crypto” section.
- Select the cryptocurrency you want to buy (e.g., Bitcoin, Ethereum).
- Specify the amount you want to buy and confirm the purchase.
- Revolut allows you to store your purchased cryptocurrency within the app. Alternatively, you can withdraw it to an external cryptocurrency wallet for added security.
- Be aware of any age restrictions and legal regulations related to using financial apps and trading cryptocurrency as a minor.
How to Buy Ethereum Under 18?
Buying Ethereum under 18 involves these steps:
- Understand Ethereum and its risks.
- Select a suitable platform like Coinbase or Binance.
- If needed, involve a parent or guardian.
- Sign up on the chosen platform.
- Complete any required identity verification.
- Link your bank account or use available funds.
- Choose Ethereum as your desired cryptocurrency.
- Confirm the amount and complete the purchase.
- Keep Ethereum within the platform or transfer to a secure wallet.
- Keep learning about Ethereum and its market.
Exploring International Regulations
Countries have different rules for kids buying cryptocurrency. How to buy crypto under 18 Australia? In Australia, some places have age limits, while others let minors make accounts with limits. How to buy Bitcoin under 18 UK? How to buy Bitcoin under 18 Canada? The UK and Canada also have their own rules. Researching these can help you find the right platforms for your age group.
How to buy cryptocurrency under 18 is clear now. The journey of buying cryptocurrency under 18 is marked by learning, adaptability, and collaboration. To get started, learn the rules, use guardian accounts, try platforms like Binance, Cash App, or Revolut, and secure your investments in wallets. Remember, age isn’t everything – determination and knowledge can overcome limits and open crypto doors.
Conclusion