Using Bitcoin and altcoins when under 18

[ezzy.co]

Just fake it! What's the problem? I don't think it will be some penalty for this.

[GreenBits]

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

DO NOT MAKE THIS MISTAKE. Take it from me, I used to work at CEX.

Its fine for an underage to have bitcoin, at least here. Its property/value; kids can have money all day without breaking any laws. But using a platform is an entirely different beast. The platforms have a liability to protect children from certain content, and prevent them from engaging in activities that might be illegal (say like, trading illegal securities for example). They establish a TOS to protect themselves in this; you usually agree to the terms in order to use the Service. If If you lie about you age, they are under no obligation, legally, to return your funds to you. So if you get locked for a verification check, and you cant provide proper ID, you may not have recourse for obtaining your funds.

which brings me to another thing, lying to an exchange about your age/identity. exchanges follow strict aml/kyc law; they must know who you are in order to accept and hold more than X money from a person. when you lie, you make their job harder, and bring them out of compliance if its found they have lax identification policy. so they have little incentive to help you; you lied, they have your money, and you cant do too much to change any of that.

Ive seen it happen. Dont fuck around with this, you will be disappointed eventually.

[PinkB]

You  can sell your Ethereum in this forum for Bitcoin. Just make a post about your Etherium and ask a price for your etherium. I have seen a huge number of people here buy sell there ETH and Bitcoin regularly.Dont forget use an escrow, without escrow you can lost all of your money/coin. best of luck for you.

[savushkinTA]

I started trading when I was under 18. Local site only needed deposits from a bank account and no identity verification.

[alva 666]

you not need to proof you ID when make wallet so you can set any age


will be ask for id only if you want to use sites like paxful or localbitcoin or prepaid cards like crytopay

[Kingofbitcoin12345]

I don’t see any age restrictions in it,, i can’t think of where you getting those information that in trading it is a must to have atleat 18 above to be allowed.. Haven’t heard or read about this,, so if ever you have a link to share with us,, the better for our reference also.. If you have knowledge and available bitcoin or altcoin in hand you are very welcome to participate but the risk of being unaware or inexperienced still high.. It’s better to have guidance from a much older or much experience bitcoin friend you know..

[maydna]

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.

there are many exchange that allowing young people to do trading without sending any of documents. but their account will not reach higher limit to deposit, withdraw or else and maybe they are missed something like 2fa or others. you can trying with poloniex, bittrex, cryptopia, nova exchange, alcurex. you can register in all of these exchange and they don't know if you are under 18 years old or not. maybe my suggestion will come to bittrex than others because in bittrex, its simple and easy friendly for new people.

[Kronos21]

I use to store their coin purse Xapo. Convenient service but recently, they require verification. For this you need a passport. CEX also requires documents. Probably gradually collects data from all users of bitcoin and in the future the state will be able to control our income in cryptocurrency. Now you can ask to help you friend who is over 18 years of age to register for an account but as soon as governments start to demand payment of taxes you will have problems.

[Emmami@758]

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 think here has no any age limit.if we are opening an account it asking our id proof it one is enough.age is not limit to doing trading. few people starting before 18, in 18 and after 18. so age is not limit to doing this type of trading. actually up to now i don't seen any age restrictions on the form. and age is not limit if it is complasary we have to submit our parents like mother or father ID. it is enough.+

[glowing10]

I think for registration you can use your family members who are adult thier is for registration . And also you can use thier bank account for depositing and withdrawing money . Or you can use your account details too but ensure you pay taxes accordingly as per your country tax structure .

[Theb]

Basing it from experience I don't recall any exchanges that ask for identification cards in order to have a functional trading account I have used yobit, poloniex, and bittrex in the past and all of them had worked for me and they never asked my personal info only my email. So in short even if you are still a minor you can trade altcoins in those sites, but before startinv to trade you must learn how to study charts first in order to lessen the risk involve.

[orions.belt19]

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.

I don't see the need for an age restriction nor do I think that any jurisdiction would impose one. Bitcoin is dangerous to use for the young ones and so is money but there is no restriction for anyone under the age 18 which prohibits them of the use of money. Some wallets requires the need of identification but besides that, age shouldn't be a problem. Bitcoin is available for anyone to use regardless of their age and no law should discriminate on that.

[denny27]

On basically using bitcoin and altcoins under the age of 18, I think it should not be arbitrary or careless steping to make some efforts or things in the world of crypto currency. I think have to more reading first and really know all the things that are related to bitcoin and altcoins, as well as to ask people who more experienced before stepping. With that, will be get more insight being knowing and as a material to step getting a profit from bitcoin / altcoins, the ages may affect the level of risk that will be obtained i guess, just be carefull.

[Kemarit]

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

DO NOT MAKE THIS MISTAKE. Take it from me, I used to work at CEX.

Its fine for an underage to have bitcoin, at least here. Its property/value; kids can have money all day without breaking any laws. But using a platform is an entirely different beast. The platforms have a liability to protect children from certain content, and prevent them from engaging in activities that might be illegal (say like, trading illegal securities for example). They establish a TOS to protect themselves in this; you usually agree to the terms in order to use the Service. If If you lie about you age, they are under no obligation, legally, to return your funds to you. So if you get locked for a verification check, and you cant provide proper ID, you may not have recourse for obtaining your funds.

which brings me to another thing, lying to an exchange about your age/identity. exchanges follow strict aml/kyc law; they must know who you are in order to accept and hold more than X money from a person. when you lie, you make their job harder, and bring them out of compliance if its found they have lax identification policy. so they have little incentive to help you; you lied, they have your money, and you cant do too much to change any of that.

Ive seen it happen. Dont fuck around with this, you will be disappointed eventually.

Very good point mate. If the trading platform "caught" you cheating their system by lying about your age and all the pertinent information then you are fuck up specially when you are about to withdraw all your funds and can't because they needed verification for KYC/AML complaint. Its no different from gamble sites as well. I remember there was one member here who's account get lock and further investigations show that he is really underage but showing proof of his parents or something like that. He/She wasn't able to withdraw their money because from the very beginning they have  intended to cheat the system.

[nazzzzz]

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 think this is one problem of bitcoin Because under 18 when get money can sell pron or Drugs which is so risky

[BunnyShibe]

On basically using bitcoin and altcoins under the age of 18, I think it should not be arbitrary or careless steping to make some efforts or things in the world of crypto currency. I think have to more reading first and really know all the things that are related to bitcoin and altcoins, as well as to ask people who more experienced before stepping. With that, will be get more insight being knowing and as a material to step getting a profit from bitcoin / altcoins, the ages may affect the level of risk that will be obtained i guess, just be carefull.

When bitcoin prevail all over the world then using bitcoin will not for specific limit of age. As all the pope of every age can use their regular currency same they will use bitcoin for anything. Age will never effect on the use of bitcoin. I think it is good for under 18 to use bitcoin because they will learn how to buy, how to sell and how to use and where to use. They will easily make money with bitcoin when they grow up.

[marcbitcoins]

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.

There is no trading sites even wallets that requiring age limit, it just like joining any social accounts even children can sign up as long you know how to use it. You are free to input any age what you want during the fill up form because it will not require to submit your birth certificate as proof of age but here in our country we will required to submit government ID when joining our local exchanger to verify our true identity and age.

[kimochidesh]

Trading in Crypto-currency does not require age proof. Being decentralize, BTC is totally unbias to age, gender, color, religion etc.
But yes if you need to convert your crypto-currency to real money like dollar, pound via bank account, you need to be holding a bank account which could only be opened after being 18. You can open a minor's account in bank but that need your parents proof and all the money earned would be taxable for the parents.

[imsotiredofmoviereboots]

If we are going to limit the age of people on bitcoin then the mass adoption is useless. It should be used by anyone who knows and understand how to use it. Ages 12-17 are the people who likes to buy most so bitcoin needs them.

[MiF]

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 think no trading sites and event foreign and local wallet will requiring age for membership, as long as you know how to transact and trade you could convert your altcoins and bitcoin to paper money. Even if they requires age they cannot know if you are telling the truth or not except if we sign up personally. You can trade to C-CEX and JAXX for the series of altcoins then still it will not require age when you sign up.