How to invest in Crypto when you're underage?

Asked 2 years ago

Hi. My son wants to invest in crypto, but I keep reading that you must be 18 to open an investment account. So, the question is: How to invest as a 14-year-old? Should I look for a platform that offers a custodial account?

Andia Rispah Igobwa

Thursday, October 28, 2021

There is no legal age when it comes to buying Bitcoin.

Various platforms have no age restrictions, and investing in cryptocurrency for teens is the same for adults.

Your 14-year-old can invest in some of these platforms: Coinbase, Gemini, Kraken, Robinhood, eToro, and Bitcoin IRA.

Andrew Moran

Saturday, October 30, 2021

While there is no legal to purchase Bitcoin, you need to be an adult to sign up for the wide variety of cryptocurrency exchanges and trading platforms.

That said, under-18s can acquire Bitcoin by visiting a Bitcoin ATM. Investors can also purchase cryptocurrency on P2P exchanges or local cryptocurrency groups.

A simple technique is to freelance and receive crypto-denominated payments. So, for example, your teenager could complete a task online, and then get a payment in Bitcoin, Ethereum, or even Dogecoin.

You could also establish a trading platform and invest in stocks or exchange-traded funds (ETFs) that are focused in crypto, like Coinbase or BTTC.

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