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Author Topic: Selling btc to minors  (Read 4444 times)
doof
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October 27, 2014, 10:30:54 AM
 #1

I received a message on twitter from some looking to buy BTC.  Not a problem, I told them to PM me.  They tell me they are 15 and can't by coins since the local ATM was seized. 

I have no problem selling BTC, but to a kid seems a bit, well, odd.  Should I tell them Ill meet if they bring a parent along?
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October 27, 2014, 10:55:05 AM
 #2

I'd say just do what you think is right.  I'd certainly have no qualms with making such a trade.  I'd always arrange to meet in a public, open setting but this goes for all of my trades with untrusted first contacts.
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October 27, 2014, 11:49:39 AM
 #3

I  don't know what's  the provisions of your  state, if in  China you can sell it to a person who is 15 year old

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October 27, 2014, 11:52:15 AM
 #4

As long as it's not illegal to do so in your country selling to a 15-year-old would be fine without a parent. Is it a large amount?

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October 27, 2014, 11:52:51 AM
 #5

I was certainly dealing with dollars when I was 15 years old. Smiley

It shouldn't make a difference if it were by another currency, as a means of value storage.
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October 27, 2014, 11:59:35 AM
 #6

If selling face to face with cash I'd probably ask them to bring a parent or even take a friend with you.
The kid is 15 you don't want them to end up being a weirdo, accusing you of being a pedophile etc.

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October 27, 2014, 12:03:08 PM
 #7

I wonder what country r u in. Even a kid is interested at bitcoin. If the young generation is educated at school about bitcoin things, they will become bitcoin adopters when they grow up.
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October 27, 2014, 12:07:33 PM
 #8

I received a message on twitter from some looking to buy BTC.  Not a problem, I told them to PM me.  They tell me they are 15 and can't by coins since the local ATM was seized. 

I have no problem selling BTC, but to a kid seems a bit, well, odd.  Should I tell them Ill meet if they bring a parent along?

He is a child, you should  send a little Bitcoin to  him, in order to the  better future for Bitcoin

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October 27, 2014, 12:15:10 PM
 #9

not sure what's the problem on selling to a minor really , I'am a Minor (17 years old) (adult = 19) & I always deal with bitcoin  Undecided

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October 27, 2014, 12:17:40 PM
 #10

Personally, I wouldn't.

But...

I wondered, why would they contact you on twitter -- then saw that you run meetups?

This may change the equation a bit -- In this case I'd compromise and have him come to one of those (preferably w/an adult) -- maybe?
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October 27, 2014, 12:28:49 PM
 #11

At 15 I was happily buying things online and in stores, as well as meeting in person with people to buy second hand things (like my first moped at 13 years old)... Not sure why buying bitcoins should be any different. Make the trade Smiley
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October 27, 2014, 12:30:39 PM
 #12

Wow, a lot of individuals here who act as if they are a predator of some sort.
Mean up with the damn boy and conduct business.

Maybe because in some jurisdictions law enforcement have been known to entrap regular people with stupid charges - e.g. assisting a minor to buy drugs online.

Personally I would sell to a 15 year old but if he starts volunteering weird information I never asked for then I'd back off.
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October 27, 2014, 02:24:38 PM
 #13

A kid can go to the store and buy things without their parents coming along.

Bitcoins are just things you buy.

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October 27, 2014, 02:26:32 PM
 #14

Wow, a lot of individuals here who act as if they are a predator of some sort.
Mean up with the damn boy and conduct business.

Maybe because in some jurisdictions law enforcement have been known to entrap regular people with stupid charges - e.g. assisting a minor to buy drugs online.

Personally I would sell to a 15 year old but if he starts volunteering weird information I never asked for then I'd back off.

Yeh, it seems weird to me that he would state his age. Seems suspicious to me. Is it illegal to sell bitcoins to minors?
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October 27, 2014, 02:34:33 PM
 #15

Did you sell successfully?

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October 27, 2014, 03:11:36 PM
 #16

I say this has bad news written all over it...I doubt you could get into much trouble but just there is a chance of it and I wouldn't do it.

I am sure you can find another buyer or have him bring an adult.  The absolute last thing you want is something to go wrong and you be messed up for life.

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October 27, 2014, 03:17:23 PM
 #17

A kid can go to the store and buy things without their parents coming along.

Bitcoins are just things you buy.
In my country(Austria) it depends on what it is buying, what the price is. If it is an expensive item, than the merchant has to pay the money back, even if the kid broke it.
So, I guess in this case, you might have to pay it back, even when the kid sent it somewhere else and can't retrieve it anymore.

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October 27, 2014, 04:48:30 PM
 #18

I received a message on twitter from some looking to buy BTC.  Not a problem, I told them to PM me.  They tell me they are 15 and can't by coins since the local ATM was seized. 

I have no problem selling BTC, but to a kid seems a bit, well, odd.  Should I tell them Ill meet if they bring a parent along?

"ATM was seized" that's strange.

Even if it's not illegal, if you feel there's something odd with the kid, don't bother, just ignore him.

...
Personally I would sell to a 15 year old but if he starts volunteering weird information I never asked for then I'd back off.

Also, this.

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October 27, 2014, 05:41:46 PM
 #19

fine you sell to children aged 15 years, and if the child had stolen his parents' money to buy bitcoin nah I do not know what will happen, if purchase in bulk Smiley
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October 27, 2014, 05:49:06 PM
 #20

fine you sell to children aged 15 years, and if the child had stolen his parents' money to buy bitcoin nah I do not know what will happen, if purchase in bulk Smiley

Thats why you only take cash and anonymize your coins before you trade Tongue
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October 27, 2014, 06:23:49 PM
 #21

If selling face to face with cash I'd probably ask them to bring a parent or even take a friend with you.
The kid is 15 you don't want them to end up being a weirdo, accusing you of being a pedophile etc.

I second this right here.   You just want to protect yourself, you don't want to get wrapped up in any sort of weird accusations....  You may end up meeting Chris Hansen from "To Catch a Predator"
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October 27, 2014, 07:22:09 PM
 #22

I don't see this as a problem at all.  My kids transact in bitcoin all the time... as it should be.  Other kids should too.


fine you sell to children aged 15 years, and if the child had stolen his parents' money to buy bitcoin nah I do not know what will happen, if purchase in bulk Smiley

What about an adult that has stolen a childs' money?


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October 27, 2014, 09:07:29 PM
 #23

It's normal man. It's just a kid buying a 340 commodity like gold and silver that appreciate value overtime.
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October 27, 2014, 09:12:23 PM
 #24

I was certainly dealing with dollars when I was 15 years old. Smiley

It shouldn't make a difference if it were by another currency, as a means of value storage.

With a name like that I'm not sure I would take your advice on how to protect children.

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October 27, 2014, 09:17:05 PM
 #25

I don't find any problems with selling btc to a kid. But before I do sell him that I will tell him the risks involved and find out if he understands everything about it to a degree before I even make the trade. I was selling and buying different things when I was only 14 years old.
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October 27, 2014, 09:19:50 PM
 #26

I received a message on twitter from some looking to buy BTC.  Not a problem, I told them to PM me.  They tell me they are 15 and can't by coins since the local ATM was seized. 

I have no problem selling BTC, but to a kid seems a bit, well, odd.  Should I tell them Ill meet if they bring a parent along?

Contact your lawyer to discuss the best solution. Generally there shouldn't be a problem if it is a low amount, but this depends on your country. 

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October 27, 2014, 09:39:30 PM
 #27

If selling face to face with cash I'd probably ask them to bring a parent or even take a friend with you.
The kid is 15 you don't want them to end up being a weirdo, accusing you of being a pedophile etc.
Wow, what an insane statement.
Like if you sell a 2nd hand video game to a 15 year old it would immediately get you accused of pedophilia.

Damn, once you're an adult you can only have contact with adults anymore!

As long as the law says something isn't illegal to sell, you should not have a problem with it.

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October 27, 2014, 09:44:01 PM
 #28

Is this in the US?  I wouldn't do it -- there were stories of Law Enforcement entrapping people on localbitcoins by buying BTC and saying they were going to do something illegal with it.  It sounds too risky.

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October 27, 2014, 10:18:15 PM
 #29

Financial operation with minors can be tricky as they are not fully covered with all laws. It is not the bad thing to deal with kids but you need to be aware of these things. Better be safe and discuss this trade with kid's legal guardian.
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October 27, 2014, 11:56:57 PM
 #30

If selling face to face with cash I'd probably ask them to bring a parent or even take a friend with you.
The kid is 15 you don't want them to end up being a weirdo, accusing you of being a pedophile etc.
Yeah, I've emailed saying bring a parent along.  Thanks for the advice.  As a dad, don't know if id want my son meeting strangers off the net and handing over cash.
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October 28, 2014, 04:59:06 AM
 #31

Is this in the US?  I wouldn't do it -- there were stories of Law Enforcement entrapping people on localbitcoins by buying BTC and saying they were going to do something illegal with it.  It sounds too risky.

Will never sell my btc for illegal use. I dont care if I am not from the states.

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October 28, 2014, 05:42:25 AM
 #32

I was certainly dealing with dollars when I was 15 years old. Smiley

It shouldn't make a difference if it were by another currency, as a means of value storage.

With a name like that I'm not sure I would take your advice on how to protect children.
LOL good call.

Ignoring his creepy name, I would say there shouldn't be any issue with selling to people who are not of legal age, as there are not any rules against this AFAIK


 
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October 28, 2014, 06:01:45 AM
 #33

Sell him the coin!
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October 28, 2014, 07:09:29 AM
 #34

I received a message on twitter from some looking to buy BTC.  Not a problem, I told them to PM me.  They tell me they are 15 and can't by coins since the local ATM was seized. 

I have no problem selling BTC, but to a kid seems a bit, well, odd.  Should I tell them Ill meet if they bring a parent along?

I think you should get their parents consent just in case.

Don't want to encourage any 15 year olds to be stealing from their parents or whatever other bad shit 15yr olds get in.

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October 28, 2014, 09:12:26 AM
 #35

I received a message on twitter from some looking to buy BTC.  Not a problem, I told them to PM me.  They tell me they are 15 and can't by coins since the local ATM was seized. 

I have no problem selling BTC, but to a kid seems a bit, well, odd.  Should I tell them Ill meet if they bring a parent along?

I don't see that as a problem. But bringing parents along would be good incase the kid plans to use silkroad with it.
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October 28, 2014, 12:54:11 PM
 #36

Again, to me this does not sound safe.  Local ATM was seized??  I am 15 etc...Just way to many red flags popping out at the start. 

Bring a parent and be safe!
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October 29, 2014, 01:14:06 PM
 #37

I don't think you have to worry about that, you are not responsable, you are here to sell.
Just one advice, verify if he looks serious and sell him discreetly.
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October 29, 2014, 01:18:37 PM
 #38

Contact your lawyer to discuss .... 

There is always someone suggesting..."consult your accountant, lawyer, etc.."

If the laws are so complicated that you cannot figure it out yourself the law should be eliminated or revised. We should not have to rely on other people to live our own lives freely.

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October 30, 2014, 09:55:40 PM
 #39

Contact your lawyer to discuss ....  

There is always someone suggesting..."consult your accountant, lawyer, etc.."

If the laws are so complicated that you cannot figure it out yourself the law should be eliminated or revised. We should not have to rely on other people to live our own lives freely.

Amen

If someone was going to sell BTC to my child who was under 18. I'd appriciate them asking me first. 

Law or no law.

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October 30, 2014, 10:03:08 PM
 #40

I'm 16 years old myself and I'm buying and selling BTC without any problems at all. I usually do bank transfers to an btc exchange and buy/sell them there. Smiley
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October 30, 2014, 10:03:49 PM
 #41

If selling face to face with cash I'd probably ask them to bring a parent or even take a friend with you.
The kid is 15 you don't want them to end up being a weirdo, accusing you of being a pedophile etc.
Wow, what an insane statement.
Like if you sell a 2nd hand video game to a 15 year old it would immediately get you accused of pedophilia.

Damn, once you're an adult you can only have contact with adults anymore!

As long as the law says something isn't illegal to sell, you should not have a problem with it.


I personally wouldn't interact with a 15 year old boy online.

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October 30, 2014, 10:46:53 PM
 #42

I was certainly dealing with dollars when I was 15 years old. Smiley

It shouldn't make a difference if it were by another currency, as a means of value storage.

With a name like that I'm not sure I would take your advice on how to protect children.

I lol'd so hard. If it feels really sketch, then you should consider backing off. There will be other sales that can be made. As a 15-year old, I was buying/selling stuff, yes, but approaching strangers online for a bulky amount of cash? Not really, though I can imagine some people doing so. If your twittr has a lot of followers, and he contacted you because you're reputable, then that makes it a little better, since people are more likely to go to those people. In the end, it's better to be safe than sorry in this situation.
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October 31, 2014, 08:52:09 AM
 #43

If selling face to face with cash I'd probably ask them to bring a parent or even take a friend with you.
The kid is 15 you don't want them to end up being a weirdo, accusing you of being a pedophile etc.
Wow, what an insane statement.
Like if you sell a 2nd hand video game to a 15 year old it would immediately get you accused of pedophilia.

Damn, once you're an adult you can only have contact with adults anymore!

As long as the law says something isn't illegal to sell, you should not have a problem with it.


I personally wouldn't interact with a 15 year old boy online.


A name like what?

LFC Bitcoin? LFC is a soccer team in the UK, wow what a pervert.

I'm the one saying I wouldn't deal with a child online, not one of the people saying I'd meet to sell to a child.

Duhhh

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October 31, 2014, 04:19:22 PM
 #44

If selling face to face with cash I'd probably ask them to bring a parent or even take a friend with you.
The kid is 15 you don't want them to end up being a weirdo, accusing you of being a pedophile etc.
Wow, what an insane statement.
Like if you sell a 2nd hand video game to a 15 year old it would immediately get you accused of pedophilia.

Damn, once you're an adult you can only have contact with adults anymore!

As long as the law says something isn't illegal to sell, you should not have a problem with it.


I personally wouldn't interact with a 15 year old boy online.


A name like what?

LFC Bitcoin? LFC is a soccer team in the UK, wow what a pervert.

I'm the one saying I wouldn't deal with a child online, not one of the people saying I'd meet to sell to a child.

Duhhh

If this was directed at me, I quoted the "ilovelittleboys" post exchange. Don't see how LFC could be perceived as perverted Roll Eyes haha, online dealings are always interesting.
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October 31, 2014, 06:05:42 PM
 #45

Thought you were talking to me.

My bad.

But that other guys name is ******* weird I agree.

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November 01, 2014, 02:28:23 PM
 #46

The fact that the kid told you his age is a good deed i guess,
bitcoins are digital goods, maybe he want to meet because he would like to earn trust
meeting up in public space would be a good idea both for you and the kid
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November 02, 2014, 04:00:22 AM
 #47

I would sell them to him. Most kids today are pretty computer savy and are into stuff like this.

Unless he says something shady like "how do I transfer these to the silkroad, I want to buy some meth".

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November 09, 2014, 05:03:58 PM
 #48

Minor doesn't mean that he isn't honest.
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November 10, 2014, 06:07:51 AM
 #49

Minor doesn't mean that he isn't honest.

Reviving dat weeklong dead thread tho. If the guy meets in person, then it's alright, I think
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November 10, 2014, 10:05:35 AM
 #50

This is an interesting question. I tutor some 13 and 14 year old athletes and this year they decided they wanted to learn about Anonymous and how to start collecting BTC. I have not found any law against it where we live, though I did get their parents to set up their accounts. It is very interesting, and exciting that young people are not only aware, but interested.

I have to agree with the general consensus of the group, if you do , protect yourself and remember that many states and countries have rules that say if you transact with a minor over a certain amount, they or their parents can cancel and demand refund no matter the cost to you!

Good luck and be safe!
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November 10, 2014, 08:02:55 PM
 #51

Well that's the beauty of a free market, but surely it can be a downside too. If you want to be a honest person, check if the guy you're dealing with understands the technology and make sure he understands the money he's "investing" in Bitcoin can be lost overnight, so that he's not spending too much for his pockets.
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November 14, 2014, 05:37:39 PM
 #52

I would sell them to him. Most kids today are pretty computer savy and are into stuff like this.

Unless he says something shady like "how do I transfer these to the silkroad, I want to buy some meth".

+1
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November 17, 2014, 09:23:21 AM
 #53

check your PM
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November 17, 2014, 05:05:20 PM
 #54

I don't see anything wrong with it,
It's an asset, nothing wrong with a 15 year old buying
an asset like a toy or something,so why should there be a problem with him buying a
bitcoin?

Shocked BUY GAMESWITHBTCITCOINFORDISCOUNTEDPRICES Shocked
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November 18, 2014, 08:53:31 AM
 #55

I don't see anything wrong with it,
It's an asset, nothing wrong with a 15 year old buying
an asset like a toy or something,so why should there be a problem with him buying a
bitcoin?

There's nothing wrong with it, but anything that goes bad with the transaction is going to be amplified by the fact that he's a minor.

"Give me a bitcoin, or I'll say you tried to..."

Probably not worth it for a small transaction.

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November 22, 2014, 08:46:42 PM
 #56

I don't see anything wrong with it,
It's an asset, nothing wrong with a 15 year old buying
an asset like a toy or something,so why should there be a problem with him buying a
bitcoin?

There's nothing wrong with it, but anything that goes bad with the transaction is going to be amplified by the fact that he's a minor.

"Give me a bitcoin, or I'll say you tried to..."

Probably not worth it for a small transaction.
I see what you mean, well I'm sure if you are backed by enough evidence it should be fine.
I personally wouldn't do that.

Shocked BUY GAMESWITHBTCITCOINFORDISCOUNTEDPRICES Shocked
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November 22, 2014, 10:16:58 PM
 #57

I find it weird that the ATM was seized..But selling to a  15 year old isnt illegal, its not alcohol, lol...
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November 23, 2014, 11:56:50 AM
 #58

And this is a pretty useful experience for you I guess...

I'm 16 years old myself and I'm buying and selling BTC without any problems at all. I usually do bank transfers to an btc exchange and buy/sell them there. Smiley
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November 23, 2014, 01:25:32 PM
 #59

And this is a pretty useful experience for you I guess...

I'm 16 years old myself and I'm buying and selling BTC without any problems at all. I usually do bank transfers to an btc exchange and buy/sell them there. Smiley

Well, fairly simple for me to do. But I have to wait 2 days for the money to reach the exchange. So sometimes I do bank transfer to a btc dealer that are very trustworthy. OTC ftw.
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November 24, 2014, 04:50:40 AM
 #60

And this is a pretty useful experience for you I guess...

I'm 16 years old myself and I'm buying and selling BTC without any problems at all. I usually do bank transfers to an btc exchange and buy/sell them there. Smiley
I would think he would have difficulty passing the AML/KYC verifications of most exchanges as a 16 year old generally is not able to enter into contracts so any TOS would not be able to be enforced on him.

I guess the only way around that would be for him to use his parent's information/bank info

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