How to buy Crypto under 18

How to buy Crypto under 18? Read this article to know if its possible.

Keep in mind that if you’re below 18 years old, purchasing financial assets independently is not possible.

Custodial accounts, typically set up by adults (often your parents), are required for this purpose.

While they can handle asset purchases on your behalf, you usually won’t have control over these assets until you’re over 18 years old.

Teens can invest in crypto, but U.S. exchanges often require users to be 18+. Due to high risk, teens should invest cautiously.

Which crypto wallet is suitable for those under 18?

Minors can utilize decentralized wallets that don’t demand KYC verification during setup, such as Atomic, Metamask, Trustwallet, and Coinomi.

Hardware wallets are also an option, with funds sent by adults.

The most popular exchanges are Coinbase, Binance, and Kraken.

However, these services do not accept members under the age of 18.

They don’t offer custodial accounts, so parents can buy crypto for their kids through them.

You can find a complete list of the top crypto exchanges on the Coinmarketcap.com website.

For credit/debit card transactions on Binance, Identity Verification is mandatory to ensure stability and compliance.

Is it possible to create a Binance account without identification?

In the initial stage, we gather and verify customer’s personal details, necessitating a valid government ID like a passport or driver’s license.

What is the withdrawal limit for unverified Binance accounts?

To promote KYC compliance, Binance restricts withdrawals for users without full verification.

Starting July 28th, unverified accounts have a daily withdrawal limit of 0.06 Bitcoin, reduced from 2 Bitcoin.

Binance service availability is limited in various regions because of local financial regulations.

Among the countries affected are the United States, Malaysia, Canada, the Netherlands, North Korea, and several others.

Which nation utilizes Binance the most?

Observe the worldwide breakdown of visitors to your rival’s website and begin to explore untapped markets.

The primary user base of Binance.com is located in India, followed by Turkey and the Russian Federation.