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pealr12

hero member

Activity: 1946

Merit: 502

Quote from: semobo on June 04, 2021, 12:39:05 AM

Man, it's simple, convert the coin into USDT, USDC, BUSD, or any stable coin then you can cash it out later when your dad came back to your home after work. Cheesy

You no need to cash out your cryptos into fiat, it will reduce your profits in terms of fee and also you may have to wait to get the cash into your bank account.

Exactly, as long as he don't want cash instantly he can always convert to any stable coins we have in the market and sell to usd later when his dad is at home, some people use stablecoin to hold funds for a long time even they are not cashing out. This is best idea for him.

NotATether

legendary

Activity: 1568

Merit: 6660

bitcoincleanup.com / bitmixlist.org

Quote from: ?? on ??

Some other people are saying that I should wait until I am of age, there is a problem with that, and Im gonna need to leak my age to tell you why, I am 14, meaning that I would need to wait 4 whole years before I can start a bank account / use a payment app.

I feel ya kid. Same situation as you, except I'm 21 (well over legal age), but I can't open any bank accounts here.

Buy an EzzoCard. They sell non-reloadable debit cards for crypto, and they work on most payment processors, well, except for the ones that use Paypal as their credit card processor apparently, but they have a whole section on how to verify your Paypal with these cards.

I personally bought a $200 Black card and it's worked on almost everything I got my hands on. It only took 20 minutes from transaction confirmation to deliver the VCC.

[I should mention that because it's a VCC you don't even have to worry if you can't get a physical card shipped for some reason. But you won't be able to withdraw cash from ATMs using it]

nightxglow

sr. member

Activity: 700

Merit: 251

You don't have bank account? I thought even minor can open a bank account with their parents as the legal guardian or guarantor. Well, then the only way is to ask your dad for the account, so you can open it and use it by your own even when your dad is busy. You know, i bet there are underage people who use someone else ID for these. But well if you want to be obedient and follow the law, then of course you just need to wait until you're old enough for your own account, but if you want to cheat a little then just use your dad's account by your own without waiting for him.

lixer

hero member

Activity: 2688

Merit: 588

Quote from: QuickAccount on June 03, 2021, 12:07:10 PM

I am underage, meaning I cannot own a PayPal, Bank Account, CashApp, etc. Do you guys know any alternatives. I want to know because, If i want to sell some coin, I give me dad the coin, and he gives me cash in hand. But lets say a coin spikes or crashes when hes at work, in that case I wont be able to cashout. Do you guys know any other payment ways to USD?

You don’t even have bank account? I don’t know which country you’re living in, but I’m my country banks do have kids account for people who are underage. It is managed by their parents, but they can still have access to it. So I wonder which country you’re living in which doesn’t allow you to have an account.

Assuming it was possible for you to have a bank account, I would have recommended that you be making use of peer to peer methods and sell to trusted buyers who will the send money to your bank account straight. For now you still have to rely on your parents since even PayPal and Cash app won’t allow you to have an account as you have said.

hannahB4

member

Activity: 532

Merit: 13

Since you are underage and don't have access to all that you have mentioned I will say you should invest together with your dad till you are then he will do all the transfer to you when you reach the time but I was wondering how old could you be to be able to access this forum and the level of your investment reasoning but I am sure you should be closer to the age.

iamsheikhadil

full member

Activity: 1022

Merit: 133

Just stay honest and wait till you are 18

or just ask your dad's permission to create an account under his name and ID and you can trade and make profits. Try to create an account on popular exchanges with his permission and under his name and use a limited amount approved by hin to trade. Now, just convert profits to stable coins like USD and when he comes back from work, give him the stable coin in exchange for cash Wink

in that way you will learn to trade as well in process, so it's a good way

but, I would still recommend you to wait till you are an adult, I know the curiosity, I myself got into it when I was 15 ig Grin

so if the curiosity is really high, ask his permission and do it under him Wink

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

Quote from: QuickAccount on June 03, 2021, 12:07:10 PM

I am underage, meaning I cannot own a PayPal, Bank Account, CashApp, etc. Do you guys know any alternatives. I want to know because, If i want to sell some coin, I give me dad the coin, and he gives me cash in hand. But lets say a coin spikes or crashes when hes at work, in that case I wont be able to cashout. Do you guys know any other payment ways to USD?

The only option you got is to ask the help of your parents rather than looking for other options as every payment processors have mandatory KYC procedure but there are exchanges that do not require KYC and if you are having lower trading volume and assuming that you will be having a lower trading volume since you are a minor and that is the solution in your situation.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

I really don't fully understand why people under the age of 18 are restricted from using things like PayPal, bank account or the other. Afterall there isn't much restrictions for them when it comes to owning physical currencies why then virtual currencies?
I think they should have special account types for underage, which can be built in a way that enables parent supervise and control how their kids spend their money. I wonder if that exist already. That is the kind of coin app you should be looking for, I guess

sheenshane

legendary

Activity: 2492

Merit: 1232

Quote from: QuickAccount on June 03, 2021, 12:07:10 PM

I am underage, meaning I cannot own a PayPal, Bank Account, CashApp, etc. Do you guys know any alternatives. I want to know because, If i want to sell some coin, I give me dad the coin, and he gives me cash in hand. But lets say a coin spikes or crashes when hes at work, in that case I wont be able to cashout. Do you guys know any other payment ways to USD?

Thanks guys!

It's hard to answer your question if you want to cash out your fund without a bank account because usually, it needs above age of 18 so that you can able to create your own bank account and transfer there if you want to cash out from exchange. But, you can create a bank account below 18, there's a teen bank account that allow but of course with parental consent and that's a joint owner account. Your parents can monitor your account activity.

There's no alternative way to sell your coin from an exchange and then cash out the fund without a bank account, not unless, if you have sold it in person-to-person which is also a risk on your part.

My advice is when there's a crash on the price, fro exchange convert your coin into a stable coin like USDT and if the price will not back until your dad come, that's the right time your dad will help you to cash out your fund, using Coinbase or any local exchnage that you can able to convert your USDT cash. LBC might the right one.

anu1908

sr. member

Activity: 770

Merit: 268

while stable coin is risky, i think that's the only way for you to store/protect your asset when there is a dump so you don't need to cash out immediately. even if your dad is busy, i doubt one day of waiting would make a difference if you hold stablecoin. unless you're extremely unlucky (such as a smart contract attack, etc), i also suggest you to use stable coin as others mentioned above. when you can create your own account, you can then stop using them if you want to cash out immediately.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: QuickAccount on June 03, 2021, 12:07:10 PM

I am underage, meaning I cannot own a PayPal, Bank Account, CashApp, etc. Do you guys know any alternatives. I want to know because, If i want to sell some coin, I give me dad the coin, and he gives me cash in hand. But lets say a coin spikes or crashes when hes at work, in that case I wont be able to cashout. Do you guys know any other payment ways to USD?

Thanks guys!

Like others were suggesting, can't you use your dads ID or tell your dad to make an account using his name on behalf of you? You use it and your dad doesn't have to be involved. I know its bullshit not letting you manage your own finance just because you are a minor. I mean how else will you learn if you don't start experimenting early?
But make sure you are ready and learn about the risks involved. As for converting it instantly during spikes or crashes, you don't have to convert it to fiat. You can convert it to one of those stable coins and then cash those profit out by selling your stable coins.

xayan123

copper member

Activity: 211

Merit: 10

I would never recommend paypal to anyone, just because of their ability to randomly close anyone's account!

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Maybe you do not need to open a new account because you can cooperate with other people. In this case, you can use your father bank account to save your money until your age can open a new bank account. And when you want to send the money from the exchange, you can send for a small amount, enough for you to fill your daily family needs, and let the rest of your money in the exchanges or send it into your personal wallet.

If you use a personal wallet, you can transfer all of your coins to that wallet, whether in bitcoin, altcoin, or even stable coins so that you can keep it by yourself. Until the time comes for you to open your own bank account, you can feel safe to keep your crypto in that wallet.

dark1234

full member

Activity: 1134

Merit: 167

I think the minimum age limit is absolute for every country to create a bank account,...
so borrowing family data that meets the requirements to create an account is the solution where you have access and hold a debit card that can be cashed in every machine..... because I believe it is impossible for every family to own and be registered in many banks in your country

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

In your family, who is an adult and meets the requirements to have a bank account, etc.?
and what I need to know are factors like the policies of the government where you live. You can use a digital wallet by using the data of relatives, friends, or the like. just to borrow data to facilitate your needs.
oh yeah, don't all crypto wallets require their users to have an age requirement, or complete data?
try contacting the closest person who can help you overcome this.

semobo

full member

Activity: 1498

Merit: 146

Quote from: paxmao on June 04, 2021, 02:58:49 AM

I do not clearly understand your case. You want to buy bitcoin using very inefficient and expensive services such as Paypal and others that you mentioned, yet you are already thinking of cashing out when there is what you call a "crack" which is nothing but the usual bitcoin up and downs. You should consider a different strategy that is more suitable to your circumstance, for example, you could jus Hodl for longer periods or consider investing regularly and cashing in a year or so. You got lemons, make lemonade.

If I am not wrong he is not asking about how to cash out, he is looking for a way to cash out at immediate situations when he can't able to access his dad bank account, but we don't need to cash out everytime we can simply convert into a stable coin and can convert into crypto or fiat in what way he is already doing.

paxmao

legendary

Activity: 2366

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Do not die for Putin

I do not clearly understand your case. You want to buy bitcoin using very inefficient and expensive services such as Paypal and others that you mentioned, yet you are already thinking of cashing out when there is what you call a "crack" which is nothing but the usual bitcoin up and downs. You should consider a different strategy that is more suitable to your circumstance, for example, you could jus Hodl for longer periods or consider investing regularly and cashing in a year or so. You got lemons, make lemonade.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: semobo on June 04, 2021, 12:39:05 AM

Man, it's simple, convert the coin into USDT, USDC, BUSD, or any stable coin then you can cash it out later when your dad came back to your home after work. Cheesy

You no need to cash out your cryptos into fiat, it will reduce your profits in terms of fee and also you may have to wait to get the cash into your bank account.

I second this. No other solutions you could find, or you will be risking it with illegal methods and worse case closing your dad's account that will give you some spanking afterward.
Just let it sit with USDT. Most exchanges do support this coin. I won't make any rush decisions if I were you even if you needed the money for whatever you want to buy online. Grin

That's all I could guess why you are trying so hard to make this happen. You want something so bad.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Well, it is a difficult thing to answer... without having to risk ..getting you into trouble with your parents and also breaking some ToS and then having the trading platform "locking" or even closing your dad's account. Roll Eyes

So, that said.. Why do you have to cash out? Most Exchanges and trading platforms will just credit your cash balance when you sell, so you will not lose anything. Also ...some trading platforms will allow you to place "buy" and "sell" orders for a specific amount, so the order will be placed at that amount, without you having to interact with the platform. (Just automate the whole process, if it is possible with the platform that you are using.... this way your dad can approve the amount, whilst you two are together) Wink

Example : You and your Dad decide to Sell Bitcoin at $36 500 ... So you place a Sell Order for that amount and you just login again and set a new buy order when he is back at home. (A good bonding opportunity between a parent and a child... and he might even trust you to use his account, if he is not around.. just check in with him ... before you do something.) Wink

AniviaBtc

sr. member

Activity: 1120

Merit: 272

First 100% Liquid Stablecoin Backed by Gold

Most of the digital wallet requires you to present your valid IDs so that they have the proof about your age.

But some newbies are stubborn and wise enough to use their parents ID so that they can still access digital wallets like that.

If there's a will, there's a way, but I don't think that is legal in some countries to use other people's valid ID just to become verified.

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