Selling btc to minors | Bitcointalksearch.org

scarsbergholden

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Quote from: abstream on November 23, 2014, 06:56:50 AM

And this is a pretty useful experience for you I guess...

Quote from: Falcon98 on October 30, 2014, 05:03:08 PM

I'm 16 years old myself and I'm buying and selling BTC without any problems at all. I usually do bank transfers to an btc exchange and buy/sell them there.

I would think he would have difficulty passing the AML/KYC verifications of most exchanges as a 16 year old generally is not able to enter into contracts so any TOS would not be able to be enforced on him.

I guess the only way around that would be for him to use his parent's information/bank info

Falcon98

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Quote from: abstream on November 23, 2014, 06:56:50 AM

And this is a pretty useful experience for you I guess...

Quote from: Falcon98 on October 30, 2014, 05:03:08 PM

I'm 16 years old myself and I'm buying and selling BTC without any problems at all. I usually do bank transfers to an btc exchange and buy/sell them there.

Well, fairly simple for me to do. But I have to wait 2 days for the money to reach the exchange. So sometimes I do bank transfer to a btc dealer that are very trustworthy. OTC ftw.

abstream

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And this is a pretty useful experience for you I guess...

Quote from: Falcon98 on October 30, 2014, 05:03:08 PM

I'm 16 years old myself and I'm buying and selling BTC without any problems at all. I usually do bank transfers to an btc exchange and buy/sell them there.

bigasic

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I find it weird that the ATM was seized..But selling to a 15 year old isnt illegal, its not alcohol, lol...

CrackedLogic

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Quote from: Automatic Monkey on November 18, 2014, 03:53:31 AM

Quote from: CrackedLogic on November 17, 2014, 12:05:20 PM

I don't see anything wrong with it,
It's an asset, nothing wrong with a 15 year old buying
an asset like a toy or something,so why should there be a problem with him buying a
bitcoin?

There's nothing wrong with it, but anything that goes bad with the transaction is going to be amplified by the fact that he's a minor.

"Give me a bitcoin, or I'll say you tried to..."

Probably not worth it for a small transaction.

I see what you mean, well I'm sure if you are backed by enough evidence it should be fine.
I personally wouldn't do that.

Automatic Monkey

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Quote from: CrackedLogic on November 17, 2014, 12:05:20 PM

I don't see anything wrong with it,
It's an asset, nothing wrong with a 15 year old buying
an asset like a toy or something,so why should there be a problem with him buying a
bitcoin?

There's nothing wrong with it, but anything that goes bad with the transaction is going to be amplified by the fact that he's a minor.

"Give me a bitcoin, or I'll say you tried to..."

Probably not worth it for a small transaction.

CrackedLogic

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I don't see anything wrong with it,
It's an asset, nothing wrong with a 15 year old buying
an asset like a toy or something,so why should there be a problem with him buying a
bitcoin?

InstanChanger

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check your PM

xrobesx

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Quote from: CoolRunnings21 on November 01, 2014, 11:00:22 PM

I would sell them to him. Most kids today are pretty computer savy and are into stuff like this.

Unless he says something shady like "how do I transfer these to the silkroad, I want to buy some meth".

+1

Fabrizio89

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Well that's the beauty of a free market, but surely it can be a downside too. If you want to be a honest person, check if the guy you're dealing with understands the technology and make sure he understands the money he's "investing" in Bitcoin can be lost overnight, so that he's not spending too much for his pockets.

zrsmith

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This is an interesting question. I tutor some 13 and 14 year old athletes and this year they decided they wanted to learn about Anonymous and how to start collecting BTC. I have not found any law against it where we live, though I did get their parents to set up their accounts. It is very interesting, and exciting that young people are not only aware, but interested.

I have to agree with the general consensus of the group, if you do , protect yourself and remember that many states and countries have rules that say if you transact with a minor over a certain amount, they or their parents can cancel and demand refund no matter the cost to you!

Good luck and be safe!

AnonBitCoiner

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Quote from: themys on November 09, 2014, 12:03:58 PM

Minor doesn't mean that he isn't honest.

Reviving dat weeklong dead thread tho. If the guy meets in person, then it's alright, I think

themys

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Minor doesn't mean that he isn't honest.

CoolRunnings21

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Nenávist má sestru, to je závist.

I would sell them to him. Most kids today are pretty computer savy and are into stuff like this.

Unless he says something shady like "how do I transfer these to the silkroad, I want to buy some meth".

yohanip

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A Programmer

The fact that the kid told you his age is a good deed i guess,
bitcoins are digital goods, maybe he want to meet because he would like to earn trust
meeting up in public space would be a good idea both for you and the kid

LFC_Bitcoin

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Thought you were talking to me.

My bad.

But that other guys name is ******* weird I agree.

AnonBitCoiner

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Quote from: LFC_Bitcoin on October 31, 2014, 03:52:09 AM

Quote from: LFC_Bitcoin on October 30, 2014, 05:03:49 PM

Quote from: findftp on October 27, 2014, 04:39:30 PM

Quote from: LFC_Bitcoin on October 27, 2014, 06:59:35 AM

If selling face to face with cash I'd probably ask them to bring a parent or even take a friend with you.
The kid is 15 you don't want them to end up being a weirdo, accusing you of being a pedophile etc.

Wow, what an insane statement.
Like if you sell a 2nd hand video game to a 15 year old it would immediately get you accused of pedophilia.

Damn, once you're an adult you can only have contact with adults anymore!

As long as the law says something isn't illegal to sell, you should not have a problem with it.

I personally wouldn't interact with a 15 year old boy online.

A name like what?

LFC Bitcoin? LFC is a soccer team in the UK, wow what a pervert.

I'm the one saying I wouldn't deal with a child online, not one of the people saying I'd meet to sell to a child.

Duhhh

If this was directed at me, I quoted the "ilovelittleboys" post exchange. Don't see how LFC could be perceived as perverted Roll Eyes

haha, online dealings are always interesting.

LFC_Bitcoin

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Quote from: LFC_Bitcoin on October 30, 2014, 05:03:49 PM

Quote from: findftp on October 27, 2014, 04:39:30 PM

Quote from: LFC_Bitcoin on October 27, 2014, 06:59:35 AM

If selling face to face with cash I'd probably ask them to bring a parent or even take a friend with you.
The kid is 15 you don't want them to end up being a weirdo, accusing you of being a pedophile etc.

Wow, what an insane statement.
Like if you sell a 2nd hand video game to a 15 year old it would immediately get you accused of pedophilia.

Damn, once you're an adult you can only have contact with adults anymore!

As long as the law says something isn't illegal to sell, you should not have a problem with it.

I personally wouldn't interact with a 15 year old boy online.

A name like what?

LFC Bitcoin? LFC is a soccer team in the UK, wow what a pervert.

I'm the one saying I wouldn't deal with a child online, not one of the people saying I'd meet to sell to a child.

Duhhh

AnonBitCoiner

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Quote from: QuestionAuthority on October 27, 2014, 04:12:23 PM

Quote from: ilovelittleboys on October 27, 2014, 06:52:51 AM

I was certainly dealing with dollars when I was 15 years old.

It shouldn't make a difference if it were by another currency, as a means of value storage.

With a name like that I'm not sure I would take your advice on how to protect children.

I lol'd so hard. If it feels really sketch, then you should consider backing off. There will be other sales that can be made. As a 15-year old, I was buying/selling stuff, yes, but approaching strangers online for a bulky amount of cash? Not really, though I can imagine some people doing so. If your twittr has a lot of followers, and he contacted you because you're reputable, then that makes it a little better, since people are more likely to go to those people. In the end, it's better to be safe than sorry in this situation.

LFC_Bitcoin

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Quote from: findftp on October 27, 2014, 04:39:30 PM

Quote from: LFC_Bitcoin on October 27, 2014, 06:59:35 AM

If selling face to face with cash I'd probably ask them to bring a parent or even take a friend with you.
The kid is 15 you don't want them to end up being a weirdo, accusing you of being a pedophile etc.

Wow, what an insane statement.
Like if you sell a 2nd hand video game to a 15 year old it would immediately get you accused of pedophilia.

Damn, once you're an adult you can only have contact with adults anymore!

As long as the law says something isn't illegal to sell, you should not have a problem with it.

I personally wouldn't interact with a 15 year old boy online.

Topic: Selling btc to minors (Read 4601 times)