Using Bitcoin and altcoins when under 18

[maku]

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

I don't trade od Bittrex but I checked their site and I found this:

What are the different levels of verification?

"We support two types of accounts. 

Basic accounts can trade up to $2000 or digital currency equivalent per day
Enhanced accounts have no trade limits and have access to our fiat markets once they are available"

How do you verify accounts?

"Basic accounts require users to submit their name, address, and birth date to us.  We verify it through public records. 
If we can verify you through public records, we will accept your application for a basic account.  If we cant, you will need to apply for an advanced account."

And now I am not sure abut this statement: What does it mean they verify it through public records? What public records they are talking about?

https://bittrex.zendesk.com/hc/en-us/articles/215282838--Draft-Frequently-asked-questions-about-account-verification

[audaciousbeing]

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.

The reason why I guessed the very rampant age restrictions about bitcoin is really about the vices someone might get exposed to in this crypto world such as scams, gambling which have to come along with taking responsibility that is lacking in kids. But at the same time since bitcoin is about anonymity then there is really no need for whether one is underage or not. When a site is asking for too much details about me, age inclusive, I just move on to the next site offering the same service.

[_nur]

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.

convert it to bitcoin from altcoin

[marketone]

No one will their personal information when it comes to money earning, all will provide wrong information when they are registering. But many people are using same techniques when it comes to bitcoin and altcoin trading.

[zeze18]

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

[AttorneyBitcoin]

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.

Short answer: Yes
Long answer: Yes you don't have to be 18 years old to purchase or sell bitcoin. I'm currently 15 and I never ran into roadblocks of buying bitcoin or alt coins. You can buy bitcoins at any age. Although if you're going to turn physical cash into bitcoin or you're going to turn bitcoin into physical cash you're going need a parent's or guardian's bank account.

You're welcome. I hope this answered your question.

The articulate and astute answer from the 15 year old is rational. There was another answer that gave an example of children and teenagers using money to purchase things in a store. They didn't need a parent with them. Now, if a 7 year old brought in two thousand dollars in cash to Fry's to buy a gaming computer, any reasonable person would locate his parents, or call the authorities.

I think the issue is converting it to cash and yes, you can have your parent or guardian set it up for you and then name you as ITF (In Trust For.) Of course the parent or guardian could take money out of there without your permission. Maybe they will let you have an ATM card. You might also look into converting the BTC into a gift or pay card.

Best:

George D. Greenberg, Esq.
www.attorneybitcoin.com

[BigBos]

Well, I think there is no age limit to recognize bitcoin and use. even you can play trading, when you already know that. but, I think it is too risky for a person who is under 18 years of trading. but, it's up to you.

[naidray]

There is nowhere that says it is illegal to trade bitcoins or Alt Coins under the age of 18.
However, if you read the TOS of a website, you will notice that most require you to be 18 years or older. You agree to these, so you are bound to them. As someone mentioned earlier. if they were hacked and gave refunds, then that would require identification. Taxes also can affect this, because of capital gain.

[chickenado]

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 can trade in many exchanger site, like c-cex, yobit, cryptopia, and many more. They don't need your age just create account and trade. I don't know if there's a rule in their site that under 18 is not allowed. But I have account there without knowing my age and i can trade altcoin.

[Fredomago]

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 can trade in many exchanger site, like c-cex, yobit, cryptopia, and many more. They don't need your age just create account and trade. I don't know if there's a rule in their site that under 18 is not allowed. But I have account there without knowing my age and i can trade altcoin.

well polo also not asking for any other info as far as i know if you have valid emails you can create accounts and trade the only thing is if happen that you got some issue with legalities, if your funds got freeze and you need to provide personal info that is a problem with that but as long as you are willing to risk you can still do trading.

[LittleBitFunny]

In the hypothetical scenario   that I was under 18, I would be using Poloniex for trades between Bitcoin and altcoins.  You're meant to be 18 but they don't ask for ID unless you need to withdraw more than $2000 a day, which a hypothetical under 18 person would not need to do.  

As for the person's wallet they could use Blockchain and manage to buy some Bitcoin with the third party Coinify in the wallet with their debit card details, but fees are pretty high and idk if they would do it that way later.  Also most ways of getting Bitcoin for free are pretty much anonymous, maybe taking your email or something.

[arcanaaerobics]

Can't this just be done in an website exchanger like shapeshift or jaxx?
They change it for you automatically. Then to cash out get a debit card that allows you to loan then just go to any atm and pay their fee to withdraw. That simple!
None of this age verification crap for what you want is your right to have in the first place.

[bob123]

Trading with altcoins doesn't really require a minimum Age as long as you dont need to give away your Birthday to Exchange sites.
Exchanging BTC to fiat might be harder to accomplish. But this also depends from your payment method.
But you can always buy Gift cards for BTC on this forum for example.

[slapper]

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.

LocalBitcoins.com require you to have a bank account in order to trade easier. If you want to sell your Bitcoin without this trouble, you can go outside and find some exchange in your country. Otherwise, you can meet them directly and start a p2p trade. Being friendly on social media will help you to gather information about trusted Bitcoin buyers

[veleten]

I don't remember being asked about my age when I register on exchange sites, I have register to almost all exchange but I have never been asked for IDs as well.
They know we all wanted privacy that is why we are using cryptocurrencies, the only problem you can encounter is cashing out btc from websites that asks for IDs.

Try the reputable people here in the forum, some of them buy BTC through paypal. I said reputable so be careful trading with someone,  its like sharing an information and at the same time paypal can be disputed.

there is no problem to register at bitcoin exchanges even if you are 10 yr old-there is no age everification
there is no problem to withdraw bitcoins or altcoins either
BUT if you want to withdraw fiat-it is a whole different story- you would be asked for documents proving your identity
either a driving license or a passport+utility bill for address proof,in the US you will have to pay taxes too

Paypal is the worst payment system to sell bitcoins for as it is easily reversible
there is a special caste of e-bay scammers that are "buying" bitcoins for Paypal,they even go first on the transfer,only to reverse the payment imemdiately
when they get bitcoins in their wallets

[TastyChillySauce00]

Well, I think there is no age limit to recognize bitcoin and use. even you can play trading, when you already know that. but, I think it is too risky for a person who is under 18 years of trading. but, it's up to you.

Depends on how he could get the capital to start on trading. If he's still counting on his parents which are already burdened to fulfil his daily needs then it's definitely wrong ( honestly fine if he could manage to always earn profit LOL ).
But I'm a bit confused on how the government make a decision to whether charge him a tax or not due to his age and the money he could earn.

[mkmdoc]

Well, I think there is no age limit to recognize bitcoin and use. even you can play trading when you already know that. but, I think it is too risky for a person who is under 18 years of trading. but, it's up to you.

Yes, till now there is no specific restriction on bitcoin usage because we don't how many people are using below age under 18.As Bitcoin is not traceable and is not controlled by the government. If it controlled by the government than there is some age restriction for bitcoin usage and even same with altcoin also.

[Gameroid]

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.

[pearlmen]

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.

Most sites that accepts the minimum of 18 years as a pre-requisite to trade, does so in my opinion simply because of the fact that that is the age of being an adult in most countries and because they also want to protect themselves from offering services to minors. But in my own way, I believe the moment you can own up to actions then you are good to go and for someone who is able to be exposed and earn some bitcoins, to me irrespective of age, that is taking responsibility.

[JANGKRIK BOSS]

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.