If you are under 18 and want to buy bitcoin, there are a few ways to do so. However, it’s important to understand the risks associated with cryptocurrency investments.
Several major exchanges have age restrictions, and many require Know Your Customer (KYC) verification. This is an important step to prevent fraud and meet regulatory requirements.
1. Crypto exchange Coinbase
Coinbase is a popular crypto exchange that offers several security measures to protect user funds. These include 2-factor authentication, biometric logins and connection to hardware storage.
The exchange also allows quick withdrawals of cryptocurrencies. However, this is not available to all users and may require additional fees to be paid.
Its main website and app are easy to use and allow users to buy, sell and trade a wide range of cryptocurrencies. It also has an innovative educational program called Coinbase Earn that rewards users with crypto as they progress through lessons.
2. Crypto exchange Kraken
One of the leading cryptocurrency exchanges, Kraken has a solid reputation for security and offers a wide range of cryptocurrencies. It also provides trading tools for advanced crypto traders, such as margin and futures trading.
Aside from that, Kraken has excellent customer support and a good selection of educational materials. In addition, if you pass a course, you can earn free crypto.
The only downside is that the platform requires you to link a bank account, which can be difficult for some people. However, it does offer a two-factor authentication system that includes an Authenticator app and Yukikey.
3. Crypto exchange Bybit
Most popular crypto exchanges don’t allow anyone under 18 years old to trade cryptocurrencies. This is because they perform identity checks and compliance policies to protect their customers.
However, there are ways around this. You can purchase a gift card, exchange it for Bitcoin, or use an ATM nearby.
You can also find crypto traders online in forums or peer-to-peer groups. They may be willing to trade for minors. This https://www.bybit.com/en-US/ is a great way to get BTC for a small price and avoid the hassle of KYC.
4. Crypto exchange MEXC
MEXC is one of the best crypto exchanges for buying bitcoin under 18. It offers several options for traders to trade digital assets, including spot trading, futures, and leveraged exchange-traded funds.
MEXC’s trading interface is straightforward and simple for users with little experience. For more sophisticated investors, it also includes advanced indicators like moving averages, Bollinger bands, and Parabolic SAR.
Its fees for spot trading are competitively low, and it also offers a 20% discount for its native token MX. For futures trading, it charges a maker fee of 0.02% and a taker fee of 0.06%.
5. Crypto exchange KuCoin
KuCoin is a popular crypto exchange with an impressive selection of assets. It offers a wide range of cryptocurrencies from popular top-20 coins to lesser-known, small projects.
It also supports spot trading (exchanging one type of token for another). This allows you to trade without waiting for an order to be filled.
KuCoin is an exchange that offers competitive trading and withdrawal fees, making it an ideal choice for beginner traders. It also has a generous bonus program for active users. Traders can earn bonuses for actively engaging with the platform, investing in new cryptocurrencies, and entering contests.
6. Margex
Margex is one of the easiest ways to buy bitcoin under 18. All you need is to register your email address and password, and they will send you a link to your account.
The platform offers a number of features that are helpful for beginners and traders alike, including the ability to leverage up to 100x to trade popular crypto pairs. They also have a generous referral program that rewards 40% of trading commissions paid to your friends and followers.
Margex supports the deposit and withdrawal of a variety of cryptocurrencies and stablecoins through the dedicated Wallet page. Users can view individual wallet balances in base cryptocurrency and USD equivalent, as well as a total wallet balance.
7. Bisq
If you’re under 18 and want to buy bitcoin, there are several options to choose from. But you should understand the risks.
Bisq is a decentralized exchange that allows you to trade Bitcoin and other digital assets without needing identity verification. It also has lower trading fees and verification requirements than some of its more centralized counterparts.
The exchange is a DAO or Decentralized Autonomous Organization, which means it’s owned and operated by stakeholders instead of a central authority. This keeps it away from censorship and restrictive regulations, while also ensuring that users’ information is secure.
