How to Buy Crypto Under 18
Are you curious to buy Terra Luna 2.0 crypto even if you are under 18? You are in the right place.
It is the same as adults investing in Bitcoin and cryptocurrencies. There is no legal age requirement to buy Bitcoin and other cryptocurrencies in the world.
If you are old enough to appreciate it, you must invest it.
However, some cryptocurrency exchanges have a minimum age of 18 for approval when requesting KYC (know your customer) requirements.
You need to search for a beginner-friendly exchange in order to use it as a teenager.
This will assist you in avoiding the technical aspects of purchasing Bitcoin as well as being scammed.
This guide will help you learn how to invest in crypto while you’re still an under-18-year-old teenager.
A Brief on Cryptocurrency for Teenagers
According to a survey by Bitcoin.com, it was found that millennials have a greater interest in crypto than any other age group in the market.
In this case, if teenagers are investing in bitcoin rapidly, it shows that under-aged siblings will also follow up.
Most investors began investing in cryptocurrencies when they were under the age of 16, and they have been hooked ever since.
This explains why some of the earliest cryptocurrency miners were literally minors and teenagers.
Let me walk you through the most secure procedures when it comes to crypto investment.
Let’s get started.
How to Buy Bitcoin Under 18
You can instantly purchase bitcoins on LocalCryptos, one of the world’s most trusted peer-to-peer crypto marketplaces.
It is super easy and secured by escrow when you are buying bitcoins with this platform.
Follow the steps below to learn how to buy Bitcoins as a teenager under 18:
- Open your account on LocalCryptos
- Choose your desired payment method.
- Look for reputable sellers.
- Pay according to the vendor’s terms.
- Receive bitcoin in your wallet.
- Transfer your bitcoin to a secure wallet (Ledger Nano X or Trezor T)
Congratulations… You’ve just bought your first Bitcoin on LocalCryptos!
Top Places to Buy Crypto When You’re Under 18
- Bybit: exchange to purchase crypto under 18.
- MEXC: Top site to purchase crypto if you’re under 18 in the USA.
- KuCoin: Purchase a wide range of coins.
- Margex: Good for margin trading.
- PrimeXBT: Amazing for CFD trading
- Bisq: best for decentralized bitcoin exchange.
Reviews of the Best Crypto Exchanges
We tried and tested several crypto exchanges and gathered the best ones that do not require ID, which means you can easily use them to buy crypto anonymously, even if you’re under 18.
Check out our list below and decide if any are suitable for you.
1. MEXC: Best For Buying Crypto in the US
The best place to buy crypto in the US is MEXC. You can purchase crypto with a credit card, debit card, Apple Pay, or Google Pay.
Moreover, you will trade a huge range of 1,520+ coins, which is a lot more than you will find anywhere else.
The trading fees for spot trading are 0.0/0.1% and 0.3/0.03% for futures trading, which is very low.
You can even do more than just buy crypto; for example, if you want to trade so you can make higher profits, the copy trading feature on MEXC is the best place to start.
If you need to gain experience in trading, then this platform is ready to help you get started. You can select a successful trader to copy, and MEXC can automatically make the same trades as that person.
As a result, it enables you to learn how to make profitable trades without relying on the markets or conducting your own research.
2. KuCoin: Buy a Wide Range of Crypto Coins Under 18
KuCoin is the best option for investing in a wide range of cryptocurrencies. It is one of the largest cryptocurrency platforms in the world which, possess 700+ coins to trade. So, You will find a crypto asset you wish to invest in.
You can buy crypto on KuCoin with fiat currency with many payment options, including credit cards, debit cards, prepaid cards, Apple Pay, and even more local options.
The fees are only 0.1% for trading your crypto. When you pay your trading fees using kucoin’s native token (KCS), you will get a 20% discount, which makes fees an extremely low 0.08%.
The exchange includes its own FREE trading bots. There is no need to connect an external bot to the platform.
Moreover, it offers Spot Grid, Futures Gri, Smart5 Rebalance, DCA, and Infinity Grid bots.
3. Margex: Amazing for Margin Trading
If you’re under 18, buying crypto without any ID is easy, and you can simply purchase crypto with your credit or debit card.
Besides buying crypto, Margex is best for those wishing to do margin trading. They can store 100% of users’ assets in cold storage and utilize a unique system to prevent price manipulation.
This innovative system (MP Shield) merges liquidity from more than 12 providers, employs AI algorithms, and constantly monitors for any suspicious trading.
Nevertheless, only 13 coins are available on the Margex exchange. So, if you want to buy one of the largest and most popular cryptocurrencies, including BTC, ETH, SOL, and LTC, you must choose another platform.
Can I Buy Crypto as a 16-Year-Old?
This option is not available for children. All reputable exchanges in the United States require users to be at least 18 years old in order to comply with KYC laws.
Therefore, kids can’t purchase their own stock for the record without the support of a parent.
Can a Child Have a Crypto Wallet?
Yes. Nevertheless, unlike an adult, your child cannot open a crypto wallet and purchase cryptocurrency.
How Do You Gift Crypto to Your Child?
You can buy a cryptocurrency gift card from one of the few online retailers that sell them, or you can go the more traditional route and buy cryptocurrency on a registered exchange and then send it to the recipient’s wallet address.
How to Buy Crypto Without ID?
You can use Bitcoin ATMs that allow you to purchase bitcoin anonymously with cash. Other platforms like ShapeShift, BitQuick, LocalBitcoins.com, Paxful, and DameCoins permit you to trade Bitcoin anonymously with PayPal, credit cards, Western Union, and bank transfers.
Is It Illegal to Buy Crypto Under 18?
You can own any cryptocurrency investment as a kid until the money is officially yours and not someone else.
Grown-ups with a distinct fascination for cryptocurrency need little support for the decentralized lecture they give their children.
How Old Do You Have To Be To Purchase Bitcoin?
There is no legal age requirement to purchase Bitcoin because it is another means of payment, just like fiat currencies. If you are mature or disciplined enough, you can buy it.
However, most platforms have an age limit in practice due to KYC (Know Your Customer) rules.
Can You Buy a Fraction of a Bitcoin?
You can purchase any amount of Bitcoin as per your budget. All you must know is how to store it safely.
What Are the Best Bitcoin Wallets for Children Under the Age of 18?
One of the best wallets for teenage investors under 18 is the Ledger Nano X hardware wallet device.
Here’s a list of the best cryptocurrency wallets for minors under 18.
- Trust wallet (Software)
- Binance wallet (Exchange)
What Are the Best Apps to Buy Crypto Under 18?
Binance Exchange is the best mobile app. It has in-built features where you can easily purchase Bitcoin and Altcoins.
Conclusion
Taking everything into consideration, there are some methods for purchasing a minor’s desired amount of Bitcoin or other cryptocurrencies.
It may require more research and consistency than simply participating in buying and selling, but it is certainly possible.
There are consistent methods to obtain BTC, whether you join one of your parents’ names or purchase OTC.
Keep your investment in an offline cold-storage cryptocurrency wallet.
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