Gone

[hannahB4]

Since you are underage and don't have access to all that you have mentioned I will say you should invest together with your dad till you are then he will do all the transfer to you when you reach the time but I was wondering how old could you be to be able to access this forum and the level of your investment reasoning but I am sure you should be closer to the age.

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[lixer]

I am underage, meaning I cannot own a PayPal, Bank Account, CashApp, etc. Do you guys know any alternatives. I want to know because, If i want to sell some coin, I give me dad the coin, and he gives me cash in hand. But lets say a coin spikes or crashes when hes at work, in that case I wont be able to cashout. Do you guys know any other payment ways to USD?

You don’t even have bank account? I don’t know which country you’re living in, but I’m my country banks do have kids account for people who are underage. It is managed by their parents, but they can still have access to it. So I wonder which country you’re living in which doesn’t allow you to have an account.

Assuming it was possible for you to have a bank account, I would have recommended that you be making use of peer to peer methods and sell to trusted buyers who will the send money to your bank account straight. For now you still have to rely on your parents since even PayPal and Cash app won’t allow you to have an account as you have said.

[nightxglow]

You don't have bank account? I thought even minor can open a bank account with their parents as the legal guardian or guarantor. Well, then the only way is to ask your dad for the account, so you can open it and use it by your own even when your dad is busy. You know, i bet there are underage people who use someone else ID for these. But well if you want to be obedient and follow the law, then of course you just need to wait until you're old enough for your own account, but if you want to cheat a little then just use your dad's account by your own without waiting for him.

[NotATether]

Some other people are saying that I should wait until I am of age, there is a problem with that, and Im gonna need to leak my age to tell you why, I am 14, meaning that I would need to wait 4 whole years before I can start a bank account / use a payment app.

I feel ya kid. Same situation as you, except I'm 21 (well over legal age), but I can't open any bank accounts here.

Buy an EzzoCard. They sell non-reloadable debit cards for crypto, and they work on most payment processors, well, except for the ones that use Paypal as their credit card processor apparently, but they have a whole section on how to verify your Paypal with these cards.

I personally bought a $200 Black card and it's worked on almost everything I got my hands on. It only took 20 minutes from transaction confirmation to deliver the VCC.

[I should mention that because it's a VCC you don't even have to worry if you can't get a physical card shipped for some reason. But you won't be able to withdraw cash from ATMs using it]

[pealr12]

Man, it's simple, convert the coin into USDT, USDC, BUSD, or any stable coin then you can cash it out later when your dad came back to your home after work.

You no need to cash out your cryptos into fiat, it will reduce your profits in terms of fee and also you may have to wait to get the cash into your bank account.

Exactly,  as long as he don't want cash instantly he can always convert to any stable coins we have in the market and sell to usd later when his dad is at home,  some people use stablecoin to hold funds for a long time even they are not cashing out. This is best idea for him.

[fiulpro]

I am underage, meaning I cannot own a PayPal, Bank Account, CashApp, etc. Do you guys know any alternatives. I want to know because, If i want to sell some coin, I give me dad the coin, and he gives me cash in hand. But lets say a coin spikes or crashes when hes at work, in that case I wont be able to cashout. Do you guys know any other payment ways to USD?

Thanks guys!

Hi
If you are indeed underage it would be wise to do it in presence of your dad because in the market there are numerous frauds. But then again it's wise to start this early to gain some experience. You can ask your dad to leave his card so that he can not only see all the transactions but at the same time you would not need to hold a bank account.
Secondly I do think that you can "save" money do p2p transaction through third party apps, this could help you more if you have a good wallet like samourai or you can even exchange those cryptocurrencies with your friends and family. Make your own network.
It's great to see young people so keen about these things , please be extremely careful.

[sana54210]

I am underage, meaning I cannot own a PayPal, Bank Account, CashApp, etc. Do you guys know any alternatives. I want to know because, If i want to sell some coin, I give me dad the coin, and he gives me cash in hand. But lets say a coin spikes or crashes when hes at work, in that case I wont be able to cashout. Do you guys know any other payment ways to USD?

I do not use most of them neither. I can use bank account that works for me, but I can't use paypal or cashapp or venmo or anything like that, just a bank account and credit card so I have to use that directly for stuff like these. I am not even underage, I am 31 years old, it is just about my nation not being available for any of those places. I am thankfully using my credit card to buy stuff online, that is the only option, but having crypto as an option in any place I can purchase is a much better situation, it really helps me a ton.

I cannot stress enough how much that we can make this work, it is a very important thing to make crypto known all around the world because it allows the whole world to connect to each other, for people like me to contact and make deals with people in europe or USA it is a big deal, and crypto can make it easier for all of us.

[_Miracle]

do you have bitcoin atms in your area or something like a coinstar machine?

[GeorgeJohn]

No company is legally able to do business with you if you're underage, so they would open themselves up to massive potential liabilities by allowing you to do business with them. I would not recommend it,

It's base on the company, because it doesn't matter the age bracket to handle a sector, it's base the potentiality or capability to take care of the situation, because it's obvious that person at age 50 and 20 might not have knowledge person at age of 20 has in certain things, so i believe that all this work is base on experience, automatically it differs because no matter how little human is, what matters is the wisdom.

[Lucius]

If i want to sell some coin, I give me dad the coin, and he gives me cash in hand.

...but each transaction has to be validated through a mobile app before it can go through, meaning that if my dads at work it would take a while for him to validate the transaction.

I think that says enough about what your father thinks about it - you're just too young to be able to decide for yourself when to buy or sell something, and I really don't see how you can legally open an account anywhere and trade cryptocurrencies. However, we come back to what your father thinks about all this - because if he trusts you, then the only thing that makes sense is that he still approves transactions through his bank app - but I don't understand why it would be something that takes a long time - send him an SMS or call him to approve such a transaction, and nowadays, everything is in a few clicks (unless it's different here).

[The Sceptical Chymist]

Like others were suggesting, can't you use your dads ID or tell your dad to make an account using his name on behalf of you?

I don't think Coinbase allows a single person to have multiple accounts, nor would they let someone open an account on behalf of a minor (though I'm certainly not 100% sure).  The suggestion that OP share the dad's Coinbase account seems like the best one--but it depends on whether the father trusts the son enough with it.

You don't have bank account? I thought even minor can open a bank account with their parents as the legal guardian or guarantor.

In the US I believe minors can open savings accounts (though I'm not sure if they need a guardian to cosign).  I'm not sure if minors can open checking accounts or not, which would be what OP needs in order to link with PayPal or any other payment processor.  I had a savings account when I was a minor, but that was a looong time ago.

OP, I wish you luck.  Be sure to save for the future as much as you can--and I'm talking about fiat, stocks, crypto, or any other asset or currency class.  Believe me, you'll be very, very glad that you did when you're older.  You might not be thinking about having a family or a house or any of that right now, but as you get older you and your priorities change.  Having enough money to do what you want to do is super important.  Good luck to you!

[swiftbits]

I'm at the age of drinking and don't have the service aforementioned. I'm still in the acquiring phase to get a primary ID.
Getting permission and asking your parents to create an account for you to use might be a good choice.
The same thing that I did for my first crypto wallet.

[Yatsan]

That is really a problem for even here in our country, minors or those people aging below 18 are not legible or allowed to open bank accounts and are still in need for the parent's consent or approval and cannot stand alone opening his own bank account for personal use. But if that's the case, why can't you just care to borrow your dad's binance account while he's at work or ask for his consent to use it while he's working so that you can do your own business with Binance. But with regards to cashing out, it will be a tough one because surely your dad will not allow you to access his bank account for it is risky for a minor to handle such because it is somehow complicated matter that adults are just the one to deal with it.

[Kong Hey Pakboy]

I'm at the age of drinking and don't have the service aforementioned. I'm still in the acquiring phase to get a primary ID.
Getting permission and asking your parents to create an account for you to use might be a good choice.
The same thing that I did for my first crypto wallet.

Me too, I don't have a valid ID even though I need it right now, I get my cash out of crypto by trading it to my friends for a really fair price so I didn't worry about it too much even without a valid ID. Plus, it's not a norm in my country to have a bank account or any of that because we always deal in cold hard cash.

[bryant.coleman]

I feel ya kid. Same situation as you, except I'm 21 (well over legal age), but I can't open any bank accounts here.

Buy an EzzoCard. They sell non-reloadable debit cards for crypto, and they work on most payment processors, well, except for the ones that use Paypal as their credit card processor apparently, but they have a whole section on how to verify your Paypal with these cards.

I personally bought a $200 Black card and it's worked on almost everything I got my hands on. It only took 20 minutes from transaction confirmation to deliver the VCC.

[I should mention that because it's a VCC you don't even have to worry if you can't get a physical card shipped for some reason. But you won't be able to withdraw cash from ATMs using it]

Physical cards that can be reloaded with cryptocurrency are almost impossible to get nowadays, due to tightened restrictions from the FinCen. So apart from the VCCs, we don't have any other option. Obviously the biggest negative is that you can't use these cards at an ATM. Also, you can't directly use it for offline shopping (please correct me in case I am wrong). And given the increased regulation (especially with Democrats in power and people like Yellen being given top posts), I think that it is just a matter of time before they start their crackdown against the VCCs as well.

[NotATether]

Physical cards that can be reloaded with cryptocurrency are almost impossible to get nowadays, due to tightened restrictions from the FinCen. So apart from the VCCs, we don't have any other option. Obviously the biggest negative is that you can't use these cards at an ATM. Also, you can't directly use it for offline shopping (please correct me in case I am wrong). And given the increased regulation (especially with Democrats in power and people like Yellen being given top posts), I think that it is just a matter of time before they start their crackdown against the VCCs as well.

You're right about these cards not working in ATMs and offline shopping. It seems that the next best thing is to use services which you pay in crypto to shop online for you and deliver to your location. Purse.io does that for Amazon, but I've heard closing-down rumors and scam accusations against them that I don't know if they are true.

They're also not going to work on any cloud service. DigitalOcean, GCP, OVHcloud, and Scaleway all rejected my card (which was a Black as I said - the other card types have worse acceptance rates), AWS wouldn't accept my card's billing address, Linode "accepted" my card and then immediately closed my newly registered account (LOL!), and Hetzner takes the card but now wants my documents for KYC.  Only Vast.ai, the GPU rental place, took it without a fuss.

Or bug a relative living in US/EU that does have a credit card and hope they don't tell you to take a hike. Sad but true. It's what some people resort to doing.

[Vishnu.Reang]

You're right about these cards not working in ATMs and offline shopping. It seems that the next best thing is to use services which you pay in crypto to shop online for you and deliver to your location. Purse.io does that for Amazon, but I've heard closing-down rumors and scam accusations against them that I don't know if they are true.

They're also not going to work on any cloud service. DigitalOcean, GCP, OVHcloud, and Scaleway all rejected my card (which was a Black as I said - the other card types have worse acceptance rates), AWS wouldn't accept my card's billing address, Linode "accepted" my card and then immediately closed my newly registered account (LOL!), and Hetzner takes the card but now wants my documents for KYC.  Only Vast.ai, the GPU rental place, took it without a fuss.

Or bug a relative living in US/EU that does have a credit card and hope they don't tell you to take a hike. Sad but true. It's what some people resort to doing.

Back in 2013 and 2014 it was relatively easy to purchase prepaid debit cards and some of the providers were even ready to ship the cards without KYC. But times have changed and it is no longer possible to order such cards now. Virtual cards are available now, but even these cards are becoming rare nowadays and the existing cards have seen the acceptability going down. We need to adjust with the changing circumstances. But as far as I am concerned, if one opportunity is lost, then another one appears in the horizon.

[NotATether]

Back in 2013 and 2014 it was relatively easy to purchase prepaid debit cards and some of the providers were even ready to ship the cards without KYC.

Tell me about it. 

[Sithara007]

Back in 2013 and 2014 it was relatively easy to purchase prepaid debit cards and some of the providers were even ready to ship the cards without KYC.

Tell me about it. 

Well.. it was relatively easy to purchase such cards from online market places such as Bitmit and Cryptothrift. Then there were providers such as Bitplastic who would ship such cards (completely anonymous, with no KYC requirement) to your address anywhere in the world. But those times are long gone. I guess from 2015-16 onwards, restrictions started to get tighter. Visa/Master made KYC mandatory for all the debit cards. But even then some people were using fake KYC documents to order such cards. Anyway, with every passing year, the restrictions are getting stricter.

[davis196]

I am underage, meaning I cannot own a PayPal, Bank Account, CashApp, etc. Do you guys know any alternatives. I want to know because, If i want to sell some coin, I give me dad the coin, and he gives me cash in hand. But lets say a coin spikes or crashes when hes at work, in that case I wont be able to cashout. Do you guys know any other payment ways to USD?

Thanks guys!

Just wait until you become above 18 years old and then open bank accounts,Paypal or crypto trading accounts.It doesn't matter what financial service you are going to use.KYC(ID verification) is a must and they won't accept underage people.Using your dad's ID seems kinda sketchy.What if you lose money?
What if your dad's ID gets leaked and your dad gets doxed?
If a cryptocurrency price goes down,you can use a stop loss order or you could sell that coin for a stablecoin and wait for the price of the first coin to recover.