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Today at 02:56:55 PM |
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I'm 15 in the UK, been trying to find a way to turn Fiat into Crypto as a minor, since most Crypto services require some sort of KYC basis.
Now finding the Non-KYC services that a minor can potentially use is really easy, the problem comes from how you exchange fiat to any form of crypto in the first place.
Most banks that an under 16 can open an account with, without the knowledge of their parents, have extremely strict policies on crypto, and there are none in the UK that
explicitly allow minors to buy crypto. Direct Bank Transfer is pretty much the only way you can purchase crypto since F2F cash exchange is a dead market all over the world,
and the only feasible way I can think of is exchanging gift cards for Crypto, which isn't a viable method since I've heard theres a massive cut on giftcards in the firstplace.
I have got everything else needed to purchase crypto ready, so my questions are:
What is the realistic chance I get caught by a bank exchanging Fiat into Crypto?
Does the situation change whatsoever when I turn 16, and have access to neobanks such as Revolut and Monzo?
Are there any truly Non-KYC methods of purchasing crypto with absolutely 0 paper trail?
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