How to buy cryptocurrency under 18?
Cryptocurrency is a modern mantra, hence very popular among millennials. It is a fact and not a theory. Most successful traders of crypto coins belong to the age group under the 18 demographic cohort. So, how to buy cryptocurrency under 18?
You can buy cryptocurrencies even if you are under 18 years of age. In most countries, no specific law restricts the trade of cryptos for people less than 18 years of age. However, many cryptocurrencies have designed their own regulations, which ban the trade of coins under 18.
On the other hand, the good news is that many cryptocurrencies do not require a KYC (Know Your Customer) verification, thus making it possible to buy cryptos even if you are under 18.
We will discuss the best platforms where those under 18s can buy digital currency. Subsequently, settling the debate of how to buy cryptocurrency under 18.
Ways to buy a cryptocurrency for those under 18
Well, the crypto environment does not restrict the trade for underage investors. There are multiple ways to become part of the crypto ecosystem.
We are going to discuss a few options in this guide. So let us get started.
- Talk to your parents
The best option how to buy cryptocurrency under 18 is to involve your parents. They surely can offer you the best advice. You will surely convince them to support you if you are good at it.
If your parents are not versed in crypto working, involve a mentor. So, having senior guidance is important for such a risky investment.
- Crypto ATMs
Bitcoin has over 4000 dedicated ATMs all over the world. Albeit heft charges, ATMs are one of the best options for under agers to buy or sell coins. With ATM, you do not need to provide verification up till a certain threshold.
You can quickly locate the nearest ATM from the ATMradar website. Just visit and make your purchase. If you plan to exceed the upper limit trade, you must hop from one ATM to the next to make multiple transactions.
- Decentralize Exchanges (DEXs)
DEXs offer an anonymous P2P buying-selling platform. They do not require a KYC verification, thus you can easily make your buy or selling even if you are under the age of 18.
However, always do due diligence and only invest what you can afford to lose.
- Freelancing services for cryptocurrency
Now you can trade your soft skills with cryptocurrencies. If you are minor but are good with web design, content writing, video editing, or virtual assisting, you can get paid in digital currencies.
Numerous freelancing platforms pay their service providers in digital currencies. So, just put your gig on one of such sites. Apply for a suitable job, deliver freelancing services, and get crypto coins in your wallet.
Hence, you can quickly get your hands on cryptocurrency without worrying about age. To name a few sites which pay in digital currencies – Pompcryptojobs, Facebook groups, CryptoJobs, CryptoGrind, BitGigs, etc.
- Over The Counter (OTC)
If an exchange requires a KYC, you can avoid it by buying coins over the counter. Since no verification is mandatory at OTC, you can buy cryptocurrency without revealing you are underage.
The good thing is, many brokers do not bother about your age. As long as they are making profits, they are not bound by law to ask for your period.
You can locate counters from Reddit, P2P groups, or Facebook forums. However, do due diligence before purchasing to avoid any scams.
- Registering with a parent’s or sibling’s name
Registering with your parent’s or sibling’s name is a good idea to stay compliant. It will offer more peace of mind to you and your parents. We assure you, they will love your idea of investing in your future.
So, what are you waiting for? Involve them and use their age for your personal benefit.
- Gift Cards
Some platforms exchange payments for digital currency when you buy gifts. For instance, if you purchase a gift from Amazon, you involve Paxful during checkout. You can send these gift cards to Paxful and get cryptocurrency in return for the present value.
So, getting hands-on cryptocurrency through gift cards is easy, as no one will ask for your age during the entire process.
- Crypto Exchanges
Numerous exchanges do not require a KYC process. However, you still have to make payments, usually done with a debit or credit card.
We suggest having your parents use it but with their consent. Here are a few lenient best crypto exchanges – KuCoin and Binance.
- Buy with phone number
In the US, some exchanges only ask for your phone number and allow you to trade cryptocurrency. So even if you are underage, you can easily visit and buy the crypto coins of your choice.
For example, LibertyX performs on the same model, confirms your phone number, and gets your digital currency
- Craigslist
It is a platform that helps buyers and sellers of cryptocurrencies meet. So visit the forum, choose the seller, arrange a meeting and buy your coins while enjoying a hotdog.
Pay the fiat money to the seller, and get digital currency in your e-wallet.
Frequently Asked Question
Is it legal to buy a cryptocurrency for a minor?
Yes, minors can buy cryptocurrencies since governments do not restrict trade to an age limit. However, few crypto exchanges have their rules regarding age limits.
Can I purchase cryptocurrency using my parent’s identification?
Yes, you can use your parent’s identity to purchase cryptocurrency with their consent.
Can I purchase Bitcoins even though I am under 18?
Yes, you can purchase Bitcoins even though you are less than 18. However, always do due diligence before making a purchase.
Can a 13 year of age buy cryptocurrency?
Yes, even a 13-year-old can buy cryptocurrency. Laws do not restrict age-limit trade for crypto coins.
How can I get a crypto wallet under 18?
You can opt for decentralized soft wallets as they do not require KYC. A few such wallets are Metamask, Atomic Wallet, and Trust Wallet.
Parting Thoughts
Thera is multiple answers in the shape of options to the question of how to buy cryptocurrency under 18. Laws allow you to buy at any age. However, few exchanges bar the sale of digital currency to minors.
This guide provides you with multiple options to buy your own cryptocurrency. So what are you halting for? Just hop into the crypto ship.
However, it is advisable to always seek a mentor’s input before making a move for cryptos. Experience always helps with wise decisions. While crypto investment is full of risk, it is mandatory to mitigate it with knowledgeable advice. Please provide your views in the comment section, and let us know when you bought your first