Topic: Parental Guild on Bitcoin (Read 452 times)

Those who are knowledgeable about cryptocurrencies may consider it a prudent choice to invest in Bitcoin for kids. In spite of its inherent hazards, Bitcoin has shown to be a worthwhile investment, according to the theory. Purchasing Bitcoin for kids is actually thought to be a wise and progressive decision. The idea is that early Bitcoin ownership gives kids plenty of time for their investment to appreciate in value. In the future, this might result in noteworthy accomplishments and financial gains.

Furthermore, the goal here is to combine education and investment in Bitcoin for kids, not just buy them some cash. Encouraging kids to learn about Bitcoin assures that they get knowledge and wealth at the same time. Parents may help their children handle and appreciate their Bitcoin investment in the future by imparting knowledge about the world of cryptocurrencies. This combined strategy of investing and teaching opens up possibilities for long-term gains in terms of money and knowledge, making it a comprehensive approach to safeguarding the future well-being of the younger generation.

It's imperative to teach your children how to protect their investment if you plan to purchase Bitcoin for them. Start by describing the fundamentals of Bitcoin, including how it operates, why it was developed, and why decentralized exchanges are crucial for security. Explain decentralization in layman's terms, emphasizing that it acts as their Bitcoin's superhero shield. Encourage your growing children to conduct independent inquiry and exploration so they can make well informed investing decisions.

There is no age restriction on Bitcoin users, thus anyone can use it. Still, there may be age restrictions if you choose to use centralized exchanges, which are essentially online marketplaces where you can buy and sell Bitcoin. This is a result of their need to confirm some details about you, such as your age, name and residence address, before proceeding.

I don't know why you guys got such an impression but legally exchanges have restrictions to access platforms where we usually buy bitcoin.

Well, a kid can understand those things better than a parent these days but they will take time to understand why they need bitcoin, why not just use the fiat money?

1. a good idea for your child's savings in the future, but to introduce BTC to children, I don't think it's until the age limit that they can trade for themselves on the exchange.

2.At this time, I haven't taught my children how to trade and introduce BTC wallets, so I don't have any suggestions, as I don't think they are worthy of understanding BTC further at this age.

I don't know about your place but i think where am from there is no age restriction for someone to actually have money, I mean don't you see it that way too? Because from what I have come to know that Bitcoin is, Bitcoin is actually a currency just like every other world currency but the only difference is that Bitcoin is actually a very cool currency and I would like to think that it's because of its advantage over other currency that's why it's painted bad. There are lots of young children who are actually rich in so many currency maybe due to the riches of their parents but also these parents go out and buy so many asset for these kids where same could be done for the kids too with Bitcoin as its a aslo a very good asset to have especially when their is possiblity for it to add interest in time coming.

Buy Bitcoin for kids? Interesting idea, but be careful. Introducing children to cryptocurrencies can educate them digital finance. It raises the question: Should children handle assets? Their understanding and market pressures must be considered.

Bitcoin security education is essential for youngsters. To simplify, compare the Bitcoin wallet to a digital piggy bank and emphasize the significance of protecting their "digital key" like a "hoyse key". It's about teaching responsibility without overpowering.

Should authorities limit Bitcoin ownership by age? A pseudo-issue. Such limits are difficult to enforce on Bitcoin due to its decentralization. However, oversight is necessary to protect young minds. Financial knowledge and safety are delicately balanced. Parental supervision may work better than regulation.

Answers

1st question = Buying bitcoin is always Good either for our kids or for ourselves but we must teach them first on how they should care and use of it in little way of understanding.

2nd question = Buy them Ledger and teach them how to use it , that is the simplest and the safest.

3rd  question = Nope, Authorities must not interfere to something they are not being asked simple as that.

afaik there is no age limit on buying bitcoin, all ages can buy it, but the concern is why do you force a child who still has minimal knowledge about cryptocurrency to buy bitcoin? let alone teaching them how to store it securely.

it's better for you as a parent to let them learn and enjoy their childhood than to force them into something that is boring and confusing for them. or you as a parent can buy bitcoin for your child and then when they are old enough to understand cryptocurrency then you give them full access to the wallet and manage their investments themselves.

 Buying bitcoin for kids is good for the future since we believe that bitcoin is a future investment. It’s a long-term investment, and you can see that accumulating some for them is a good idea. However, while we are buying bitcoin for them, we should not hand it over to them; they are still kids and lack knowledge of the investment. It is supposed to take time before we hand over the keys to them. In fact, until they know the value of bitcoin, you, as the father, teach them the key concepts of bitcoin, like how to secure the keys and other things that are needed.
 
Because handing it over to them at an early age may ruin their lives seriously, and they won’t value the funds; they will squander the money without your consent. So you will be the one in charge of the funds until they reach a certain age before you give them the keys to get access to bitcoin.


There are many things a kid is supposed to know before even starting to think about money, so I can’t teach my kid about bitcoin; it will be too early. I will allow them to go to school and know the value of money and how difficult it is to get it before I start teaching them about bitcoin, and that is if he or she is interested. However, cryptocurrency is not one of the things I will teach a kid at an early age; they should go to school. It will be better after he or she is an adult. I will get him involved in the cryptocurrency industry. Remember, business is not for small children.


Bitcoin is not a centralized currency that governments or any other agency will know about before someone invests in it. Bitcoin is a decentralized currency, and regardless of your age, you are free to get involved in it.

Yes, bitcoin is good for future investment. I have a son whom I am preparing to save bitcoin for him. I gave my son a Bitcoin address which he can track himself on Explorer. I save for him about 0.0002 each month. Now, it's been almost 2 years on my routine. But, he always asks when he can withdraw it because he wants to buy something toys, but I always say no for that. I always teach him to invest even if it's small, because we don't know in future, maybe bitcoin will be big and the price will be multiple higer that today. And, with that small save he can buy house or other property.

Parents who have a strong interest in Bitcoin or whose parents are involved in Bitcoin may invest in Bitcoin for their children's future. Those who invest in bitcoins are quite active and they must invest in bitcoins thinking about the future of the child. Many investors question how their children will have access to Bitcoin if they invest in Bitcoin with their children in mind for the future. Asking this kind of question means that the parents are definitely worried about the future of the child and they are definitely willing to invest in Bitcoin with the future of the child in mind. If a parent invests in Bitcoin for a child then the parent must tell the child about the investment at some point in life because if the child doesn't know about the investment then the parent's investment is wasted.

There is no restrictions on buying bitcoin for kids but it will be risky if you put all responsibilities of investment to them in early age because they will have no knowledge at start so they can ruin all invested amount in a second. One should think that businesses are not for kids but if someone wishes that their children never face any difficulty in future then they should buy bitcoin or another asset for them and then gradually teach them so when the become teenager then put all responsibilities on them. Totally dependent on bitcoin from an age of kid is not a good idea because they will not take any interest in job if they find bitcoin therefore just teach them but don't give bitcoin in their hands earlier.

It is good for their future that is what I am certain , but for their understanding and capacity to learn , I think there is a little concern for me and I believe for other parents as well.
Kids has a bright memory , they can use their mind as a Memory card to put what they wanted to understand so what we only need is to make them learn how to secure their own crypto and yes it will be safe .

Nope , let Decentralized market have their own rules as long as they are not violating laws(for human not for laws of greed government)

Yes, you are right, paying attention to children's development will indeed be better than thinking about what children can inherit, because if we think too much about what children can inherit then we are not educating our children to be able to develop themselves.
Choosing to invest will indeed help us financially, because it is very difficult for us if we don't have investments, so it is very important to be able to invest to be able to have a good financial condition in the future.

1. Buying Bitcoin or cryptocurrency for investment purposes is a good move for a kids future, because by the time they’ve grown, the value could be a lot and help them a lot.

2. Teach your kids the dos and donts. Because they can and will on do what they were taught.

3. If they want to put age restrictions, they should put it on fiat at once because the essence of Bitcoin is digital money that can be used equally as the normal fiat. So it’s money after all.

Yes, as long as it is in the control of an adult. By kids I want to believe you mean 0-18 years old. When they come of age, the the custody of the bitcoin like key phrase can be revealed or released to the kids

This is pretty straightforward. Just as I learned to secure my bitcoin. It is not rocket science.

Can't and won't happen. If they do it so it defeats the principle of decentralization - control in the hands of the people not any central agency

Furthermore, parents should first teach their kids financial literacy. Which includes, the history of money, savings, investments, budgeting, etc. When the kids get a good hold of this, then they can proceed to teach them about bitcoin

A parent doesn't need to teach a kid about Bitcoin or how the kid can secure their assets because these are things that are totally out of the understanding of a child and one shouldn't put these things in front of them and force them to understand because it will only confuse them and nothing else. If a parent buys Bitcoin for their children so that the children can access them in the future, they can secure them for the children and find a way to let the children know once they are old enough even if the parents aren't around anymore.

It's never a viable solution to have children understand everything when they are still too young even to learn about finances and money management because these things are only to be learned after a certain age, an age at which a person is mature enough to understand and process complex terminologies.

BTC is money just as regular fait is, and any parent that thinks it wise to introduce their kids early to its concept and ideology is doing very to secure the future of their kids. This is how poverty is fought because parents get to inculcate good financial habits that would be of immerse value to these kids when they start needing their own money to spend.
Besides the restrictions I know about in many countries of whom do not like the idea of BTC or try to discourage their citizens from investing in it, I am yet to hear or read stories of age restriction being placed on owning cryptocurrencies.

Parents only need to teach and be a good example to their kids so they have a better financial future, rather than spoon feed these kids until adulthood and then expect them to Carter for their every needs as well as sponsor whatever dreams they do hold dear.

Can you name children in the age categories that have been determined, 15 years and under are still children, because they are still in education, So my understanding is that if you are talking about children aged 10-15 years, perhaps Bitcoin is the best solution for you to introduce, while they understand how to operate a laptop/Android.

Just like you use it and keep it safe, only you are not with your child, but what you do shows him.

I don't think it's necessary, as I said in the first point, as long as they can afford it, what's the harm, Bitcoin can be used by everyone.

I hope you understand what I said above.

Assuming a kid with money then the only possible way is to buy via a platform and every platform requires KYC where you need to deposit the fiat money from a bank account exchanges clearly say only 18 years or above are allowed to use their service all sums they can't buy it but if they got bitcoin in other way means then its their money and they can use it as their wish just like their fiat money.

Nowadays, times are increasingly advanced and assets of wealth are now not just seen from companies, gold or land, but now in the digital era, Bitcoin can also be called a very valuable asset, because the price of Bitcoin is high and has the potential to continue to rise in price in the future.

So, as a parent, of course can buy BTC for children, but in my opinion, if the child is not yet an adult, the Bitcoin must be held by his parents, because most exchanges require KYC identity and of course they are adults, such as 18 years old.

So in my opinion there is no harm in buying BTC for children as long as the assets are held by their parents because usually children will be busy playing so I think in this case the role of parents is really needed. In my opinion, young children investing in BTC is very good because their future is still long, so by investing in BTC, of ​​course they will have the potential to get big profits in the future. Applying an age limit on people who will invest in BTC, of ​​course the ones who deserve to answer this question are government officials because only the government knows what's best for that.

Why it's always related to inheritance? when everyday you live with your kids and watching them to grow are way more important?

I try to become better everyday, invest my money and make sure I will not face any financial difficulty now or in the future. But inheritance is just a bonus if you have more money to give to your kids, that's not always a thing that every kids' needs.

Yes because bitcoin is for everyone, it is made for both young and old ones, a child can have it as an inheritance from his parents when they Invested on it and hold to a certain time they feels the child could take hold of the currency.


Use any means to make sure they understand it, this also has to go with their own decisions as well on wether to accept bitcoin adoption or not after you might have helped in getting them exposed to it.


No, and even if they wish, they can't because it's a decentralized digital currency that uses p2p network on blockchain.

It is always best for our kids to have bitcoin because it is for their future but at least
consider buying and keeping them safe for a while and then try teaching them little by little about bitcoin and how this
can help them in the future.

Kids should learn this but of course about what their little brain can absorb first.

putting age restriction to own bitcoin is sounds stupid to me , what is the sense of
Decentralization and anonymity when the government may put restrictions? i don't think that is necessary .

There is no age restriction to buying of bitcoin, so buying for kids is no problem, just like saving your money in bank for kids for future purpose. As it is a monetary value, there shouldn’t be age restriction to the ones owning it.


I will first teach them the basic security of privacy and safety, safeguarding their seed phrase should be the optimus priority they should know. They have to get to a certain age before I will release the seed phrase to them, so that they’ll be knowledgeable enough to know the implications of letting that secret seed phrase out.


No, they shouldn’t be age restrictions as they’re none when saving money in the bank. If the kids know the implication of owning bitcoin or the parents buying it for them also knows the implication, then no restrictions should be placed on them.

It's a good thing, bitcoin is an investment and you are supposed to put some money for your kids and what better way for them to have a savings than having their own bitcoin, the way that bitcoin appreciates is something that any parents should look out for in terms of creating a savings for their kids. @LoyceV got a donation link for his kids in his other account if I recall so the only caveat is that the kids don't have to handle bitcoin right now when they're young.
I don't think that it's something that they have to worry about to be honest, I feel like bitcoin security or even the introduction to it should be around the time that they can independently navigate computers, a little here and there lessons in cyber safety could go a long way but putting them straight up when they should be playing or doing kid stuff.
If it's me, it's not the right thing to do but we can see why they want to put some restrictions, it involves money after all and it also helps that there's no way that an incident where a kid accidentally trades or gives away bitcoins if there are restrictions.

It's really hard to make such a guide for them to understand the concept of bitcoins and financial freedom because they are focused on some things that have more benefits to them when they are still young. I think when they can distinguish the things they want and need, this information will be helpful to them if ever some people will create such things in the future because other kids are also mature when it comes to knowledge and they want to acquire it as soon as they know about it or heard about it from their families or friends.

When I saw the topic, was wondering how many parents have actually guided their children, mostly the one i know that occurs frequently is that of friends introducing bitcoin to their friends and they like to carry their friends along, and from their they start learning some things  on their own since the internet holds a lot of information in it. Because a lot of people will pick interest the little they have learned. But a lot of parent still don't want the idea of bitcoin just that they don't have the power to stop it and all this is because they don't have knowledge on it of not bitcoin is interesting very interesting.

But don't forget those require less responsibility. For example, if you forget password of social media, you could just ask to reset password. But Bitcoin require higher degree of responsibility and there's no "undo button" when you make mistake.


Yes, assuming they're being responsible with fiat money and aware of risks of owning cryptocurrency (primarily unstable price).


No, especially because kid is legally allowed to own money and even have opening bank account (usually with some supervision or feature limitation)

Similar to the way the OP is looking at the Bitcoin problem as the cause of all problems, this is also pointing the blame in one direction, seeking support for bitcoin. Please understand that the problem appears to have been created by humans. With bitcoin, let's be more realistic about how it has developed and is developing?, how it affects your life?... I think you can find some issues not worth considering, and don't try to talk to the next generation about the future, let things happen naturally, because this life has many other issues that we need to learn about, and the cryptocurrency field, personally, I need enough basic foundations for understanding life before analyzing it further. Returning to the topic, I consider the issue of human responsibility and ethics to be promoted at all ages, before talking about tools, fields, etc. in life so that we can adapt to them.

Bitcoin fluctuations are related to a person's mentality, if it does not match expectations then it could actually result in depression which is difficult to cure, because many of them have economic difficulties and their last hope is investing in Bitcoin, but in the end it does not match their desired expectations, so instead solves the problem, but adds to the existing problem. Therefore, the age of maturity is appropriate to start in the Bitcoin field, and of course it must be based on sound knowledge

While it may be tempting for kids to buy Bitcoin as a way to secure their future, it's important to be age-appropriate. When it comes to securing Bitcoin wallets, cyber security and keeping their wallet information safe, using strong passwords, enabling two-factor authentication and avoiding sharing wallet details with anyone else. Most reputable cryptocurrency exchanges have strict Know Your Customer (KYC) policies, which require users to verify their identity by submitting valid identification documents. Age restrictions prohibit children from participating in this exchange. Rather than directly involving children in bitcoin investing, teaching them about saving and responsible spending will give them a solid foundation for future financial decision-making.

Regardless of whether it is good or not, children usually don't care much about investing, so there is no urgency to allow children to buy bitcoin. Apart from that, the 18 year limit is good enough.

I think it is very important to limit bitcoin purchases because bitcoin has high risks. This limit is implemented so that people who buy Bitcoin are considered adults and can be responsible for their decisions. Usually the government sets a limit of between 17 or 18 years

Those of us who work on Bitcoin have acquired knowledge about Bitcoin through someone or the other. Some may have learned it from their family, some may have learned it through their friends, and so on. Now again there are various youtube ideas about Bitcoin. But as Bitcoin parents we can teach our children Bitcoin. Because the popularity of Bitcoin is increasing day by day, the demand for Bitcoin is also increasing. So we can do this as parents. We can teach our children or close relatives about this work.

There's a possibility that a kid can learn on how this market works.
Because there are really intelligent kids who can understand complex ideas and transactions.
Just like most adults who are into crypto, we also learn from scratch and so are kids.
Sometimes they are easy to teach as they have curious minds and they are more patient in learning.

Remember that Bitcoin wants everyone to be their own bank. Should kids be their own bank? Even many adults don't have what it takes to be one.


I would never trust a child with a Bitcoin wallet, there's so many things that can go wrong - they could send it to scammers or buy something illegal with it, they could download malware on their device and lose the coins to it and so on. It's hard to teach proper security even to an adult, it's much harder with children who have no life experience.


It would be impossible to enforce, but they probably shouldn't allow regulated entities to sell Bitcoin to children up to a certain age, maybe 14 y.o.

In a normal circumstances we have to teach our children cryptocurrency especially bitcoin and teaching your children bitcoin, it should be the ones that have passion on bitcoin, its nice that we are not supposed to force our kids to learn bitcoin, from my own perspective it's unwise from my understanding.

Even though your children agree to learn bitcoin I think their is some certain secrets in bitcoin savings that we are to supposed to share with our children we are teaching bitcoin because of security purposes, like now I want us to know that wallet should be the most important thing we should teach our children and from my knowledge and understanding, we are not supposed to let our child to know a our seed phrase or a seed phrase that contains the wallet he or her bitcoin is, because of security purposes, teach them the difference between centralization and decentralization of bitcoin properly to comprehend.

Sometimes, the things we do to our kids are not exactly the things they want to do, but the things we want for them to do. Most probably the reason why these kids are only good at the beginning and then later on, their interest easily fades away because it's not really their own interest but it's from us. Bitcoin is the future, that's why we want to take every opportunity to teach our kids as early as possible. But we should also see to it that they are matured enough to understand bitcoin, and not because they are just forced to do it because we want so.

However, everything about bitcoin has its perfect timing, when to be taught, when to be taken risk, and when to reap the profits in it. Parents guidance is a must, otherwise all these things will be absorb incorrectly by our kids, losing the opportunity to see the bright future that bitcoin could bring.

i think teaching them a healthy approach and relationship with money is good whether that’s fiat or cryptocurrency


start by teaching them the importance of money and being secured financially but do not pressure them too much as they might lose interest if given too much pressure


cex have kyc so they definitely have age restrictions already but i don’t think there should be age restriction in btc anyone could start investing at any age so it seems unfair to have age restriction

Buy crypto for your kids. I think thats better. The crypto scene is somehow complicated even to newbies so better stick to something more kid-friendly for now.

Im confused. When you say kids you mean those not in legal age yet. If you mean kids like children but can decide on their own, well keep it simple. Start with the basics like private keys and wallets. Emphasize the importance of not sharing this info.


I dont think this is necessary since bitcoin is decentralized so its not controlled by any central authority or government. But maybe discussions about age restrictions usually focus on exchanges and platforms where individuals can buy or trade Bitcoin, which might involve centralized entities adhering to regulationsThat needs a guardian or a parent first to guide their children especially young minds if they already own bitcoin. .

This is not to be considered the moment a user is trying to buy or sell bitcoin, right from the point of making registration they would have taken any control measures if they are that concerned about age limit, also, i don't think making such consideration is going to be the exchange profitable decision because they will want everyone to have a means of using their platform for both sell or buy as long as they were ok with their KYC verification procedures.

Leave the kids out of Bitcoin investment mate, Kids are supposed to be in the garden playing balls and watching power rangers, not trading Bitcoin, do you have a idea how complicated it is to operate a crypto exchange as a beginner?

I can remember the first time I came across a crypto exchange, I was staring at the charts for multiple minutes with no clue about what I should do, I can't even use the platform right, I also have a friend who mistakenly sold his Bitcoin for way lesser price, lower than the present value back then, all because he failed to wait for me to show him how its done.

Kids should stay away from things like this, until they are up to the stage and also have the right knowledge to operate an exchange and a Bitcoin wallet, they are better off living as a kid.

Definitely, yes. It's like a savings deposit for your children's future. Like for college tuition or something like that.

Provide (in advance) them with detailed step-by-step instructions or is your internet broken?

What other restrictions would you suggest they implement for owning the bitcoin? By skin color, gender or wallet thickness?  

They have nothing to do with the bitcoin. Btcoin is the property of humanity, to which everyone has access without any restrictions and no one has the right to voice the conditions of ownership of this asset.

If a child can operate an android device properly, play video game, use communication gadget, use different computerize device etc. why will I not introduce them gradually to Bitcoin. Digital currency is the future and should I not be responsible enough to start channeling them gradually to that direction. I don't agree completely that kid cognitive processes lack awareness, consciousness, and the ability to maintain a sequence of thoughts in their minds.
Note: It is in record that Tiger Woods turn Professional Golfer at 20 but was expose to golf at child hood.

I do not suggest that you should have your Bitcoin holdings in the possession of your kids. I wrote on the possibility, advantage and the need for a child to own Bitcoin. Although still trying to put in place parameters to avoid risk and other vices.

I agree with you when you say that it is a sole responsibility of Parents.

The idea is to tech the young ones about this industry at an early age however, we should take appropriateness be considered in these instances. Bitcoin and this industry are profitable and advantageous however if the child still has not that much of interest then never pushed them to something they do not prefer 'coz it could result to confusion and fade of interest in some instances.With age restriction, as long as the child knows what he is doing. I'd say things do take time to all of us. Guide as well is different from mandating the younger generation to walk on the roads they talked. Sometimes we are just getting too hype.

1- I don't think buying Bitcoin is suitable for kids who are still in the early years of their lives and whose cognitive processes lack awareness, consciousness, and the ability to maintain a sequence of thoughts in their minds. Those who buy Bitcoin should be adults, mentally open, and equipped with sufficient experience and necessary information to secure their own Bitcoin.

2- It doesn't seem prudent to have my Bitcoin holdings in the possession of my kid, and he is the one securing it in my absence. This task can only be entrusted to another mature and trustworthy person, preferably from my family circle. My child can take on this responsibility when he acquires greater awareness and matures. I attempt to teach him through simplified methods that align with his cognitive and understanding abilities.

3- Bitcoin is a decentralized currency with no authorities that can control the Bitcoins you hold or know whether you are a child or an adult. In addition, this is the sole responsibility of the parents.

Bitcoin is a currency and also an investment. Just as people invest in real estate, gold, stock or even cash for their children, one can decide to hodl Bitcoin for children because the price could appreciate as the children grow older. Bitcoin has proved to be a profitable investment, which means it will not be a bad idea to keep some for future generations.

Children shouldn't be introduced to Bitcoin at a tender age because it could be risky. At this age, they might not know the importance of their seed phrase or password. They might easily give this important information to scammers due to ignorance. But as they grow to become adults they will have the knowledge and ability to operate and secure wallets.

There should be no restrictions on using Bitcoin as a currency. I am sure there are no restrictions on children from using fiat money. As much as they can effectively carry out transactions in the Bitcoin network, they shouldn't be restricted.  But when it comes to investing in the sector, children should be mature enough to understand the business of Bitcoin. Investing in the sector requires a certain level of financial maturity.

Bitcoin is a type of currency, and children should learn to manage money. Of course, it would be extremely unwise to give a child access to big amounts of money, and in an event of loss of that money, I think the blame should be on the parent.
But making a fresh Electrum wallet for a child, teaching a child (a young teenager, I'd say) to store a passphrase, to send money and generate a Bitcoin address is a good idea. There shouldn't be any significant money there in case a child makes a mistake and the money's gone, but I don't see harm in, say, $10 being there, under the kid's control. As for centralized exchanges, I believe they're 18+ to not dive into the differences of legislation in different countries.

OP, do you think it is wise to invest for the future of your children? If you say yes, then it is also wise and good if you can buy some bitcoin, which you can will to your children in the future.

There are some rich people who invest millions of dollars into different profitable projects, and some of them make those investments in the name of their children. There is nothing wrong with doing that, but some people who are lovers of Bitcoin would also invest millions of dollars into Bitcoin for their kids, and there is nothing bad about that.

Talking about age restrictions, does investing have to do with that? Normally, a kid under 5 years old cannot invest on their own; it's usually their parents that can do that for them. For kids over 16 years old, they can possibly invest in Bitcoin by themselves with some pocket money they might have gotten from their parents. Bitcoin is not centralized, so there is no age restriction that can or should be placed on it.

Teaching children to secure their investment, either Bitcoin or any other investment, is quite simple. Once your kids are of the age to handle the knowledge of investment and security, you can teach them whatever is necessary, and they will learn.

Not entirely good, as they are not yet able to secure assets like Bitcoin that they hold if they have it. I doubts about it because, to date, there are still numerous cases of wallet hacking that result in significant financial losses for individuals with many ways. The readiness of young people to handle BTC should be a consideration, especially taking into wallet security factors.

Step by step, we can start from the beginning to teach saving, and children cannot immediately process cryptocurrencies to become their priority. Everything will be gradual, and this method might provide a basic understanding of finances first before delving into the world of Bitcoin.

No. Even if they want to regulate it, they can't do much to regulate BTC internally.

You buy Bitcoin behalf of your kids or you invest Bitcoin to inherit to your kids? both are different. If you buy behalf of your kids, what's the point by force something that your kids not understand? while inherit to your kids it's still loooooong to go, you should focus when you still alive not when you gone.

Why the kids to secure your wallet, hide it somewhere and also back up your seed phrase.

No.

- kids buying Bitcoin is good, though we will not be so sure if they know what investment means, but investing at an early age is good to start securing their future.

- securing Bitcoin in terms of taking care of their wallet? By giving them tips or giving them options as to where they can hide the information of their wallet.

- exchange platforms will be the ones to handle this. Most exchanges require KYC, they would need to submit a valid ID and this means you have to be at legal age to have one. That's when the age restriction keeps them out of this investment.

Of course it's good, but having to wait for him to grow up so he knows how to run it and saving bitcoins as a preparatory step for him is much better. Because when he can be responsible for himself then bitcoin can be used to achieve the goal of financial improvement for himself.

It's complicated because when you are not in bitcoin then there is no way to advise them and it is also quite difficult to teach children about bitcoin if we are not directly involved in it.

Every exchange requires KYC, which means that the children involved must be of sufficient age, unless you store bitcoin in a wallet that does not require KYC. Basically there is no age limit for people to get involved in Bitcoin, but it is impossible for young children to get involved in it

Don't get surprised with that since not all parents in the world know about bitcoin so its no surprising at all if you see that there are less parental guidance regarding on buying bitcoin. Then also not all young adults or even fully grown up man is open to talk about their investment that's why their parents don't know on what they are doing.



Yes and No.

Yes its good for them since at early age they are expose on investment, they would provably grow in future as smart investor since they already encounter on how to invest their money.

Also No because for sure they don't know about what they do and the risk is so high so as said they need proper guidance so they will be safe on other risk especially for losing a lot of money and being exposed on other danger.


By teaching them the basic of investment and expose them on scams. But basically I don't teach young kids especially if they are not showing interest about bitcoin.



Well yes since this is high risk investment and I think they already done that since major crypto platform is now performing KYC so with that I think minors can't participate on any activity on their platform if they are minor.

Thanks for the list. I guess there are more threads about children and Bitcoin where I used to get daily mentions because of my username. I have said this in another thread, and I will say this again: Why do moderators not delete duplicate threads from this board? I have created a cricket discussion thread in the Gambling section before the world cup starts without knowing there is another thread. But the thread got deleted within an hour. But I can see some double standard here. Or it's possible that maybe someone reported my thread but no one reported those multiple threads. I don't know.

As far as I know, we have similar threads already discussing this topic,

• Crypto (Bitcoin) and children personal Finance Education
• Kids and Bitcoin
• Teaching children Bitcoin is not in vain
• Bitcoin story
• Are Your Kids Aware Of Bitcoin? Teach Them.
• The effect of Bitcoin on children

Buying bitcoin for our kids is a smart decision that will provide a brighter future for them. Since they are not capable yet to buy on their own, then parents should have the responsibility to provide it for them as long as they have enough funds that they can afford to lose if ever.

By teaching them on how to save and invest starting in our local currency, once they will absorb it, then it will be easier for them to understand when they will also do the same with bitcoin. Bitcoin is an asset so they should be aware on how to invest and secure their coins as well with the guide of parents.

Obviously, unless they don't reach the age of 18, these kids are not allowed to purchase bitcoin. And for me, setting some age restrictions is a good and safe idea that's why they should be mature enough before they decide to dwell with bitcoin.

Regarding the age limit for Bitcoin use, there has never been a restriction.
As you said, governments or anyone else cannot control Bitcoin completely,
but they can provide regulation for the use of Bitcoin through CEX which is controlled by the government.

A baby or anyone can have Bitcoin in their personal wallet, but does that make them adopt Bitcoin entirely?
It's just a possession they haven't used yet and don't know how it functions yet.

Related to the role of parents, of course they will have complete control and will teach their children to be able to use Bitcoin.
But this is only an initial use, just as a sense of how Bitcoin works.

First of all, anyone can't put age restrictions on anything that is decentralised. Since Bitcoin is decentralized, age restrictions are impossible for that. Whoever knows how to use Bitcoin might simply accumulate it. Parents should help their kids learn Bitcoin, of course. But they should not create pressure on them. Making kids familiar with Bitcoin is enough at the beginning stage. You can store Bitcoin for their future, but don't force them to handle it. When they mature, they will understand the value of Bitcoin because they were familiar with it at the beginning.

What authorities? BTC is a decentralized and permissionless network, there is no central authority in control of the network and anyone can buy BTC without anybody's permission.
Kids of what age? First of all, if their parents are bitcoiners, they would try to introduce the network to their children when they get to the age were they could understand it, they can also simply buy BTC's using dca for their children, and find a way to hand it over to them when they get older.

The only thing that I will know as a parental guide concerning bitcoin is something that I know quite well that people currently have being emphasising on teaching people bitcoin is something that have being going on for the forum,it's better for we to teach our children bitcoin, if we are into bitcoin, because the guidelines of teaching your children about bitcoin is something that will make you to understand that parental guidelines is important for every cryptocurrency enthusiasm to know that you are supposed transfer the knowledge of bitcoin to your kids.

Yes I think it's a great idea, just as you can open a savings account for your kids, you can do same with Bitcoin by creating a dedicated wallet for your kids, buy and store Bitcoin. When they grow of age, you can hand it over to them or use it to sponsor them through school.

They may be too young to understand wallet security and could mess things up. Instead, use this approach by LoyceV: Using Locktime for inheritance planning, backups or gifts to leave something for them.

Since Bitcoin is not centralized, it's not under the control of government or any agency and it's not limited by age.

1: if you have the capital buying Bitcoin for anyone is quite a good decision especially when they are kids, you can structure when the get to have it (may be at 18yrs) this would give the Bitcoin you purchase for them adequate time to increase.

2. Firstly I don't think it's wise to hand over Bitcoin wallet to a kid, just like you would not hand your banking application to a kid, I think we should let kids be kid and handling finances is complicated for kids so it's best to hand it to them when they are matured.

3. Well I think the government should stay away from Bitcoin and Crypto-currency it defeats the decentralization aims so the restrictions should be made by the adult purchasing the Bitcoin for kids.

In order to adapt to the competitive environment in the future, it is very necessary to educate children about this cryptocurrency i.e. Bitcoin. I think we should normally introduce children to Bitcoin the same way we teach the basics of money management. But one extra thing will be added here is that it is a peer-to-peer based system which is fully decentralized and if you know how to use it properly, you don't need to use a centralized exchanger to buy and sell here.
Add one more thing here, Phishing. Teach them what is Phishing and why people are losing their funds after falling into Phishing traps without sharing passwords or private keys with others.
Of course 'Bitcoin' rather than the shitcoins. Keep in mind that Bitcoin will be better than anyone else but that must be for the long term.
Moreover, if you want, you can buy bitcoins as a gift for them using this method- Using Locktime for inheritance planning, backups or gifts

There will be no benefit in keeping the age restriction, because it is not a bank or a centralized exchange that anyone needs to verify with the NID card to make a purchase or transaction. But ethically speaking, children are naturally more immature than an adult so there needs to be an age restriction to protect the fund from risk. 

This is overthinking btc which is not necessary imo. However, Just like some parents have a bank account for saving money for their children's future upkeep, a parent can also buy btc for their kids and maintain guardianship till that child is of age to handle such assets.
Kyc already serves the purpose of age restriction so if you are not 18 and above i doubt you can be able to register in any centralized exchange because you need a governement approved identity verification document to verify the account.

As a parent, it is mandatory to always communicate with your children regarding your assets regardless of whether it is btc or not, this will prepare them for any future emergency that may arise.
It is very easy for a parent to teach their children the basic knowledge of btc, securing the p/key, and buying/selling which is the whole idea behind investing and hodling btc.

@jrrsparkles, and @Churchillvv, their is no age restriction for buying bitcoin. AFAIK, if you have the money to buy bitcoin, you can buy it no matter the age that you are. All you need is just to know how, and for centralized exchange is not the only means to buy bitcoin, infact it's not even a safe means to acquire a privacy coin. There are Dex, F2F trade and other forms of acquiring bitcoin which will not require you to pass KYC. 
 
21st century has us with lot of technology, so the young are taking so much advantage of it and it's also speeding up the learning process. So parents just have little job to do in the aspect of training their kids about Bitcoin. In this period, before you even raise concern about it, your young kid will tell you detail information about the coin. All that's just needed is for the kid to be smart and the parent can just guide them on the risks involved and allow them to choose their part. 
 
Parent investing in crypto for child is also a good initiative. It's a future investment and it's part of the best thing, which can serve as insurance for children from their parents, why they grow up. 

You mentioned kids so i will respond you in a straight forward manner and i will say NO, let kids be jids and allow them the pressure of trying to comprehend a complex topic such that involve finances and investment.

I will personally not teach my kids at an early age about Bitcoin,  but I will hold a certain amount of Bitcoin for them and when they grow up to the age at which they can understand the concept and be able to bear some risk, then I will give them possession of the bitcoin and at that point, we already had some good discussion on security and safety in using bitcoin and what the risk level in it.
If there may be some strong regulations where and when citizens' Bitcoin are owned 100% in a centralized exchange,  which is not possible,  only then will you say that Bitcoin owners can be age-restricted.

But since Bitcoin is a decentralized currency, there is no limitation to who and when you own it as long as you can securely set up a wallet and own your private keys.

In as much as there is no parental control in buying and selling of Bitcoin it's still limited to some extent, the classification ladder we have two major societal class the Adults and the minor hence it all depends on where you live, in some countries one is allowed to carry out whatsoever he or she wishes to do at the age of 18 and above while some are 16 or less. with this age differentiation some exchanges uses the KYC which also requires age before you can have some certain qualifications that will be used for verification hence through this age limitation has been brought in consciously or subconsciously/ with or without their notice.

Buying Bitcoin for a kid is quite confusing because the age which you are talking about should be specific, a child of 1-10 or 11 - 16 or above or less is what any parents should considered, of what necessity is buying Bitcoin for a child for? except it's an investment in their future just as parents do save money for their kids. If you where talking about saving money for children in Bitcoin that's quite convincing but trying to communicate what bitcoin entails and it's usage is not really relevant because I do say this alot that teaching children about bitcoin is not healthy for me, I do say that let children be children let us not border children with the knowledge of Bitcoin.


In as much as no knowledge is a waste teaching children about bitcoin is not healthy enough in my opinion, why not teach them about the whole concept of money and not Bitcoin that is way beyond their understanding, because if they don't know how to handle their finances, then knowing Bitcoin is useless already. it's better not to even border children with Bitcoin knowledge than teach them what they can use a the moment and thereby leaving them with incomplete knowledge.



Buying Bitcoin can be good idea if its sort as investment in there future as I have said above.

I wouldn't teach a child how to secure bitcoin but an adult that would be capable of making good decision or at least a teenager.

Since there are no restrictions in age for owning money why would there be restrictions on owning Bitcoin? whereas Bitcoin is a decentralized currency that can't be controlled by any authority which is the goal of Satoshi Nakamoto in creating bitcoin. Not even government can make decisions for Bitcoin so no agency can make any restrictions on what one should do concerning Bitcoin ownership.

AFAIK, every centralized exchange enforced mandatory KYC and also the account holders required to be 18 or above which sums that only an adult can legally open an exchange account so that they can buy and sell cryptocurrencies.

Also, exchanges have risk policies along with FAQs that should explain what is crypto trading to the user.

Parental Guild on Bitcoin

I have observe that there is no parental guide to buying and selling of Bitcoin. However, some central exchangers do put age restriction if you want to buy/sell digital currencies and some do not see the need to do so. Specifically, I would like this discussion to focus on Bitcoin or you can make reference to other cryptocurrency to drive in your point if you choose.  I do encourage parents to buy BTC in smaller amounts for their kids that's depends on how they can afford. One of the most likely challenge is how a parent can communicate to the child on the usage, what BTC entails and how to secure there funds.

I have put in written form some ways I can communicate this;

BTC is real and it is money in digital format. You can access it anywhere in the world and convert it to local currency to be use for purchase. Bitcoin is own and control by individuals who uses the internet for access and can do it using Laptop, Phones, tablet etc. Bitcoin is stored in Wallet which has its own unique key or addresses. Buying and selling of Bitcoin is legitimate but there are restriction in some countries and there is also risk involve. You can actually trade bitcoin too but I will not want you to because you need the right knowledge to do so if not you will lose all of it. Bitcoin has lot of benefit but should not be use as a game and get rich quick. You should also no share you password or personal key to anyone as it you funds can be withdrawn without your notice.

Few Questions I will like to get you own input on

Is buying Bitcoin or cryptocurrency good for Kids?

How do you teach a kid to secure Bitcoin incase you are not there?

Should authorities or agencies place age restriction on owning Bitcoin?

I will appreciate you immerse contribution to this discussion.