Trading For Minors? - page 2. | Bitcointalksearch.org

craked5

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Quote from: The Sceptical Chymist on February 17, 2016, 12:26:36 AM

Hmmm...why would this sort of thing not be allowed? I would imagine that a minor couldn't have a brokerage account to trade things like stocks, but having a bitcoin wallet is different and these bitcoin exchanges don't ask for your age when you sign up for the most basic membership. What kind of trading, btc--->altcoin or btc<--->fiat? That might make a big difference.

If kiddo trades on someone else's account, I don't see where the problem would be. Maybe there are some bitcoin lawyers around here?

It's not allowed for minors, but you can make them trade on someone else account yes.

But he can't have his own account and do his own trading ^^

RoughLyfe

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Quote from: The Sceptical Chymist on February 17, 2016, 12:26:36 AM

Hmmm...why would this sort of thing not be allowed? I would imagine that a minor couldn't have a brokerage account to trade things like stocks, but having a bitcoin wallet is different and these bitcoin exchanges don't ask for your age when you sign up for the most basic membership. What kind of trading, btc--->altcoin or btc<--->fiat? That might make a big difference.

If kiddo trades on someone else's account, I don't see where the problem would be. Maybe there are some bitcoin lawyers around here?

He currently has a Utma/Ugma account and exchanges such as kraken and bittrex require you to be over 18 years old and have taxes on them.

RoughLyfe

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Quote from: Amph on February 18, 2016, 03:42:28 AM

if you remain only the altcoin territory i see no problem in trading, there is basically no rules there it's the free west

poloniex(this require some id for minimukm amount, but you can put in fake info...), bittrex and other are good for that

But in there TOS for bittrex it states you must be 18 years or older to open an account

Amph

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if you remain only the altcoin territory i see no problem in trading, there is basically no rules there it's the free west

poloniex(this require some id for minimukm amount, but you can put in fake info...), bittrex and other are good for that

bitbaby

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If your friends son or whoever is trading on exchanges which allows anonymous trading and don't bother asking for KYC information then there is no way of anyone knowing whether person behind that account is minor or not.

romero121

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Why don't he get involved in trade with his Dad's name, so that he might not get ending up with certain problems. In certain countries I think not much issues if some agreement is provided by guardian for future security of trading.

Zeke2345

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I heard trading minors is something that is done on the darknet.
Cheesy

Imagine some politician might get their knickers in a twist but would think its alright. Then again a few state laws baffle me.

The Sceptical Chymist

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Hmmm...why would this sort of thing not be allowed? I would imagine that a minor couldn't have a brokerage account to trade things like stocks, but having a bitcoin wallet is different and these bitcoin exchanges don't ask for your age when you sign up for the most basic membership. What kind of trading, btc--->altcoin or btc<--->fiat? That might make a big difference.

If kiddo trades on someone else's account, I don't see where the problem would be. Maybe there are some bitcoin lawyers around here?

Pitchblackroom

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1. Earn some bitcoin
2. Trade in altcoins
3. HODL
4. Huh

?
5. Profit

RoughLyfe

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I was talking to a friend of mine the other day when his son had began taking interest in bitcoin trading.But as far as I know,trading is not allowed for minors in california.But since I'm not the best at laws I want to confirm it,does anybody know whether or not Trading bitcoins/Trading Altcoins is allowed for minors in California? And if it is allowed then what platforms are available for them to use?

Topic: Trading For Minors? - page 2. (Read 1361 times)