Using Bitcoin and altcoins when under 18

[Iranus]

I think the digital currency trading as altcoin and bicoin not have rules about age restrictions, but for the security of your wallet better use the original ID to be verified, to anticipate if there are improvements that require ID verification system

yes there is no age limit in using or trading bitcoin or any other currency but still i will like to say that the children who are under 18 they should first complete their study and when they become free then they should try to invest their money in trading bitcoin and alt coin.

Yes true, bitcoin and altcoin are the same as real money, anyone is free to earn, save and use. The most important is do not use it for illegal transactions such as the purchase of drugs, weapons, and more.

Yes but actually gaining Bitcoin is a different matter.

Unfortunately you can't really use exchanges as nearly all them try to verify your age in some way and if you were found out it would be a problem.

I think that most altcoin exchanges don't actually verify your age, whether or not they suggest that you should be over 18.  In that case, you could buy Bitcoin with a debit card (which services occasionally allow without ID for small amounts), or an altcoin if that's more convenient and you can keep away from scams, and you could trade it pretty well.

In the spirit of Bitcoin's privacy, most services won't verify your age and you should be OK.

[1715188478]

1715188478

[marketone]

Yes, I don't see any age limit for using bitcoin and altcoin because nobody doesn't know with whom we are chatting in the exchanges. There are many people who are using bitcoin and altcoin under 18 years old, even though exchanges ask for age 18, but people do not bother about rules and agreement.

[BossMacko]

Hello,
I'm wondering how can you trade with bit/altcoins when you're under 18 years old. I currently need to transfer some ethereum coins (earned by mining) to bitcoin and eventually to real cash. I know that you can use LocalBitcoins.com, however you can only trade bitcoin here. How about altcoins?

Thanks.

You won't get any problem trading Bitcoin or alt coins to real money they will not ask for your age. That's the good thing about Cryptocurrency  because as long as you know how to use the internet and you know cryptocurrency then you will not have any problem trading it to other crypto or to flat money.

[iamTom123]

I am sure that if you can be able to be online and make some money in cryptocurrency, you can easily find a good way to encash your Bitcoin or any cryptos. As shown by many ideas from many members here, the age will not matter that much making the internet an equalizer as you can do what you want even if you're 15 or 150. This is one thing I really like being online...it is giving us many choices and options to make a living on a global scale.

[Qartada]

Fortunately Bitcoin users often like and offer anonymity on their websites, and if they don't, in most cases you won't have to verify your information and can lie about it (as long as you use a VPN and you're confident that you're not unsafe using their site).

[ezzy.co]

As far as I know, the altcoin exchanges doesn't require a minimum age. At least, I didn't faced with nothing like this.

[eann014]

They can also use bitcoin but I think not less than 13yrs old. Maybe 14 year old is also good to use bitcoin so that they can be a responsible person and they will learn how to earn and save money even if it is not bitcoin. But they can actually learn using bitcoin and they can start to earn in bitcoin as well.

[freedomno1]

There are no age limits in crypto, that can be legally enforced.
I mean there might be restrictions and proof of ID for over 18 products but anyone can spend cash even a kid in the candy store.
So my answer is no legal reason to restrict the flow of finance.
(For Trading well no clauses kids may not be legally responsible but they would still need to provide proof of age before using the service with a banking account, on the crypto only side well it doesn't matter since they still would need to convert)

[iyan33]

I do not think there is currently any age-limiting regulation in bitcoin and altcoin so far the management of bitcoin system doesnt set age restrictions on its activity, since bitcoins are made indefinitely and can not be controlled by any party.

[evilgreed]

      In my opinion person under 18 years old needs a lot of guidance from an older who has a lot of experience. Its because those person whose age is below 18 is considered as not legally appropriate to to government policies and some terms, anyhow the government wont accept legalization to underage personnel and they are required to have some corresponding guardian. On the other hand, learning as early as possible is totally impressive, to think that at a young age they are motivately gifted and talented.

[Wesimon]

As long as you are already capable and knowledgeable about the trading industry I think it  wont matter. When I started earning bitcoin, I dont remember any age requirement in order to do this. Just be morr careful when trading and dealing with people. So that you wont be fooled by anyone. 

[alani123]

I do not think there is currently any age-limiting regulation in bitcoin and altcoin so far the management of bitcoin system doesnt set age restrictions on its activity, since bitcoins are made indefinitely and can not be controlled by any party.

That's true for crypto only use but underage persons have a very limited set of options when it comes to liquidating Bitcoin and the legal fallback they might have is even more limited due to their age and nature of services they are allowed to access.

[BTCwoker]

you also have the option of poloniex or bittrex. bittrex do not asking for age or any unique documents. 

[Netnox]

Oh god! Bitcoin is not like porn or firearms, to ban the participation of those under the age of 18. If a 14-year old is allowed to open a savings account in bank, then he should also be allowed to open an account in any of the crypto-exchanges.

[CryptoBry]

you can try poloniex or bittrex for altcoin trading, i don't remember bittrex asking for any minimum age for trading, nor they can't prove it, because they don't even require document for trading that do not involve fiat

Yes, there is no need for any document showing one's age in trading with Bittrex and Poloniex and one's earnings can be withdrawn via Bitcoin anyway. I guess there are now many teenagers who are also into trading cryptocurrency as they are more agile and more risk-takers. These young people can be the foundation for the next batch of Bitcoiners.

[bs.glory]

Then I think BTC ill be useless if were not legible to held when under 18 years of age. I mean the purpose is to propagate BTC in the future, why not in the teens since they were aware nowadays on the field of technologies.

[Mad7Scientist]

As far as I know, 18+ financial requirements are there because minors can't sign contracts and can never be required to repay a loan or other money owed as a result of a contract. A large part of the financial system revolves around debt.

[TryNinja]

You can probably trade Bitcoins-Altcoins as much as you want without having more than 18 years.

The only real issue would be to sell Bitcoin to real money.

In this case you would probably need a bank account and you would need to verify your ID on almost all exchanges that allow this kind of transaction.

The solution: Find a P2P seller and sell your coins to them. I always sell my Bitcoins to reputable members on a Brazillian comunity on Facebook and never had any issue. Always be careful while doing a trade with an unknown person. Always do your research and only sell to people you can trust. There are websites that allow you to find people like that. E.g: https://localbitcoins.com

[qwertyup23]

Hello,
I'm wondering how can you trade with bit/altcoins when you're under 18 years old. I currently need to transfer some ethereum coins (earned by mining) to bitcoin and eventually to real cash. I know that you can use LocalBitcoins.com, however you can only trade bitcoin here. How about altcoins?

Thanks.

I'm not so sure about other sites that allows you to transact bitcoin when under 18 years old since most of the sites nowadays wants you to be of legal age due to the nature of your liability once you get into trouble. In my opinion, the best way to earn bitcoin is to join various campaign signatures since one of its pre-requisites is you being fluent in english and posting constructive posts.

[amandavsc]

I think most exchanges do not ask for their age. You can also use your father/mother ID