Using Bitcoin and altcoins when under 18

[ipanks]

I remember when i was 17 years old i only sell my token in etherdelta or forkdelta,so dont think that this is the end of your life in crypto,be patience and when youbare already in 18 years old you can now enter to the world of trading.

This is an option, but there are also way of selling BTC for fiat even if you are under 18. You can exchange altcoins to BTC on exchanges that don't have fiat pairs (those usually don't require ID scan and birthday) and then withdraw BTC to your wallet (Electrum or Android wallet like Coinomi). You can then sell bitcoins on bitcoin ATM if there is one near you, on localbitcoins or here on forum in exchange for paypal or Western Union (trade with trusted users only!)

every people which are in under 18 could still use bitcoin and like you said, they can exchange altcoin/tokens to btc on exchanges but he needs to know which exchanges that don't require ID scan or send any document. but one thing that he should know that if he wants to exchange his btc to fiat, he still need other people that could receive the money because the bank will ask him if he wants to withdraw in a big amount. so maybe he can withdraw small money and he can do this once in two weeks or monthly so the bank will not curious or suspicious.

[chel0]

Individuals under 18 years old are not prohibited in using bitcoins and altcoins as long as these are legally use and these individuàls are properly guided by their guardians or parents.Besides this bitcoin thing can help themselves for their everyday expenses and future needs.

[Rajamuda]

There are many ways for it, I'm sure you've found it if indeed already learning or can deepen many things.. of course it can be done and it depends on our ability personally, no matter if under the age of 18, if you know and continue to learn many things.. of course it will can to do.

[jzale]

You just need to stay away from exchanges that requires KYC and higher forms of verifications before you can transfer assets to a platform where you can exchange crypto to fiat. You can also ask for your elders or some adult that you trust to use their confidential information to make an account for you.

[ijsera82]

Do you want to transfer your mined ethereum to bitcoin or you want to trade(convert) your ethereum to bitcoin? i dont think exchanges require ID for thatt.

[ProfessorZ]

Using Bitcoin and altcoins under 18 is totally fine, however trading even though is currently allowed, one might not be prepared mentally for the kind of pressure that comes with it. Technical Analysis can be learned at any age, but the biggest enemy when trading is psihology, yourself, and the difficulty of risk management. Master yourself first and then you can learn to master trading.

[jhongzjhong]

Using Bitcoin and altcoins under 18 is totally fine, however trading even though is currently allowed, one might not be prepared mentally for the kind of pressure that comes with it. Technical Analysis can be learned at any age, but the biggest enemy when trading is psihology, yourself, and the difficulty of risk management. Master yourself first and then you can learn to master trading.

Well, I agree with your statement. Yes even below 18 still can handle cryptocurrency as long as he/she know how to count and what is the real meaning of value as a currency. There was a news that I saw in the article that Teenage bitcoin millionaire Erik Finman, 19, has advice for young people looking to invest in the cryptocurrency. He has invested bitcoin at the age of 11 years in 2011 with the help of his grandmother.
So, there's nothing wrong with the age as long as they know how to compute.

[Magic Sarap]

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.

Yes even under 15 age can handle cryptocurrency as long as they  have knowldege about cryptocurrencies system. Theres an news about the boy who investing here at the age of 11 and he become success and he's a millionaire now

[carlfebz2]

I remember when i was 17 years old i only sell my token in etherdelta or forkdelta,so dont think that this is the end of your life in crypto,be patience and when youbare already in 18 years old you can now enter to the world of trading.

This is an option, but there are also way of selling BTC for fiat even if you are under 18. You can exchange altcoins to BTC on exchanges that don't have fiat pairs (those usually don't require ID scan and birthday) and then withdraw BTC to your wallet (Electrum or Android wallet like Coinomi). You can then sell bitcoins on bitcoin ATM if there is one near you, on localbitcoins or here on forum in exchange for paypal or Western Union (trade with trusted users only!)

every people which are in under 18 could still use bitcoin and like you said, they can exchange altcoin/tokens to btc on exchanges but he needs to know which exchanges that don't require ID scan or send any document. but one thing that he should know that if he wants to exchange his btc to fiat, he still need other people that could receive the money because the bank will ask him if he wants to withdraw in a big amount. so maybe he can withdraw small money and he can do this once in two weeks or monthly so the bank will not curious or suspicious.

Hardship would really be experienced when we are still underage since we cant still able to make some things which do require at legal age but somehow same as you said we can use up as a middle man for those people who you do know that do have recent or past transactions similar to yours which you can use up to cash out without the need on having an account or verification.There are indeed exchangers or services which wont really require verification if you dont make big transactions.

[cryptorocket84]

If u can earn Bitcoin and Altcoins when you are 18 year's of age i think you can also use Bitcoin and Altcoins as a child of 18 year's, and also in some country a child of 18 year's is an adult. Personally i think  you need to be patience a little, you can also use exchange that do not have fiat pair like fork delta or ether delta for now.