Under 18 Bitcoin Trading - page 2. | Bitcointalksearch.org

LostDutchman

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Quote from: Beliathon on May 23, 2014, 12:37:20 AM

Quote from: LostDutchman on May 22, 2014, 09:20:38 PM

Yeah, you are using someone else's name and it might be technically illegal or maybe not but who cares?

People do this kind of stuff all the time.

Kudos for you for having the the brainpower and maturity to understand Bitcoin at your age!

Fuck'em and go for it!

Wise words, and I love it.

The reason young people are restricted from so much of adult life, is because young people are supposed to be in schools, learning how to be obedient workers AKA wage-slaves.

Or for the elite caste, learning how to be properly cultured and sophisticated, and to care for the peasants working in all the factories daddy owns.

Also education stunts maturity, and it's designed to.

Well said!

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: LostDutchman on May 22, 2014, 09:20:38 PM

Yeah, you are using someone else's name and it might be technically illegal or maybe not but who cares?

People do this kind of stuff all the time.

Kudos for you for having the the brainpower and maturity to understand Bitcoin at your age!

Fuck'em and go for it!

Wise words, and I love it.

The reason young people are restricted from so much of adult life, is because young people are supposed to be in schools, learning how to be obedient workers AKA wage-slaves.

Or for the elite caste, learning how to be properly cultured and sophisticated, and to care for the peasants working in all the factories daddy owns.

Also education stunts maturity, and it's designed to.

LostDutchman

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Activity: 476

Merit: 250

Quote from: zeroday on May 23, 2014, 12:17:34 AM

I've been doing business from age of 15 and it really annoys me how those fucking regulators deprive young talented people for earning money.

I'll gladly assist my child to get bank account and star business if he feels ready for it, no matter of age.
I think bitcoin is great way to support kids who want to start earning money working online instead of being brainwashed in high-school asylums.

There ya go!

Spot on!

Thank you for your post!

zeroday

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I've been doing business from age of 15 and it really annoys me how those fucking regulators deprive young talented people for earning money.

I'll gladly assist my child to get bank account and star business if he feels ready for it, no matter of age.
I think bitcoin is great way to support kids who want to start earning money working online instead of being brainwashed in high-school asylums.

phillipsjk

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Let the chips fall where they may.

When I was a youth I bought and sold used computer hardware in sub $100 amounts. I have heard it is hard to find local Bitcoin sellers willing to deal in small amounts though. The is also #bitcoin-otc on freenode as well (definitely buyer/seller beware of scams there). You are probably allowed to send a Postal Money order under-age.

LostDutchman

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Quote from: jc01480 on May 22, 2014, 11:24:07 PM

All your responses are cracking me up! Dutch, the youth of today can't get away with the things we did 20-30 years ago. Hell, they're more at-risk today for becoming an addition to the sex-offender registry for stupid adolescent stuff.

Regarding the age thing, there is a significant legal risk/liability encumbered upon the business that knowingly transacts with a minor (juvenile, not Loretta Lynn's father). If the parents found out, didn't approve, or even forced the minor to turn over all accounts to them, the company, hopefully deeply rooted in every major security effort they can handle, would react accordingly as if the situation was a scam and freeze it all pending litigation. This can get dog butt ugly.

Kid, I don't know where you live but I'd happily give you some coin if I had any. But I suggest the faucet sites as a start. I've made a whole dollar on them already! Just be careful, know the laws and rules. Ask lots of questions, be safe, and let us know how it goes. If you need bail monkey we'll be here cussing each other...lol.

OK but unless the kid has access to an over-18 bank account or is willing at his tender age to meet up with every potential asshole on the planet through Localbitcoins, how does he cash out?

jc01480

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Nope..

All your responses are cracking me up! Dutch, the youth of today can't get away with the things we did 20-30 years ago. Hell, they're more at-risk today for becoming an addition to the sex-offender registry for stupid adolescent stuff.

Regarding the age thing, there is a significant legal risk/liability encumbered upon the business that knowingly transacts with a minor (juvenile, not Loretta Lynn's father). If the parents found out, didn't approve, or even forced the minor to turn over all accounts to them, the company, hopefully deeply rooted in every major security effort they can handle, would react accordingly as if the situation was a scam and freeze it all pending litigation. This can get dog butt ugly.

Kid, I don't know where you live but I'd happily give you some coin if I had any. But I suggest the faucet sites as a start. I've made a whole dollar on them already! Just be careful, know the laws and rules. Ask lots of questions, be safe, and let us know how it goes. If you need bail monkey we'll be here cussing each other...lol.

saddambitcoin

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Quote from: Jeteroll on May 22, 2014, 06:26:32 PM

Hello all, I was wondering if I would get denied when I try to verify my account at Bitstamp or Kraken because I'm only 17. And what is the easiest way to buy BTC under 18?

Localbitcoins is one option if there are sellers in your area but most of them charge at least 4-5% fees

If you're in the US, I'm pretty sure Coinbase does not even ask your age when you sign up for an account, just provide bank account info and verify, then buy BTC! 1% fee there.

franky1

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Quote from: LostDutchman on May 22, 2014, 11:02:24 PM

Let me try this again.

You have to be 18 to have a Paypal account.

Is English a second language for you?

if paypal find out the guy is only 17, they simply close his account
if a bank finds out the guy is 17 or the friend has allowing another person access to an account not belonging to the account holder. police and financial crimes authorities get involved. bank accounts are closed, criminal records, court fines and maybe jailtime!

stupid advice.. is being a prick your first life choice.

localbitcoins is now escrow as standard and does not involve meeting strangers face to face in dark alleys. thus it is much much much less of a risk, not illegal and an acceptable method of getting bitcoins.

why would anyone in their right mind tell a kid to do something so stupidly illegal that can affect the rest of their life. also, i must add that advice means days of opening bank accounts, funding bank accounts, opening and verifying bitstamp accounts, then funding the bitstamp account. is a hugely inefficient idea, taking weeks compared to just wire transferring to a local bitcoins transactor, taking at most 3-5 days (purely the time of 1 wire transfer).

i see no positives in such an idea to use such illicit activities. when there is a much simpler, faster, easier and legal method to do it. and its called localbitcoins

LostDutchman

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Quote from: ijmolder93 on May 22, 2014, 10:01:54 PM

Quote from: LostDutchman on May 22, 2014, 09:59:14 PM

Quote from: ijmolder93 on May 22, 2014, 09:58:11 PM

It is not exactly the best or safest way, probably not the best cost wise either, but I am pretty sure you can buy them from someone else if you make or have a paypal account. Just dont let them know you're buying cryptos.

You have to be 18 to have a Paypal account.

What about just using paypal as the processor? For example, buying something on eBay, and on checkout, just use the pay with debit/credit card option instead of use paypal account option?

Let me try this again.

You have to be 18 to have a Paypal account.

Is English a second language for you?

LostDutchman

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Merit: 250

Quote from: gogxmagog on May 22, 2014, 10:51:42 PM

localbitcoins.com, live in person, face to face sellers and buyers. no need for a bank or verification.

but study up first, be careful, use escrow!

it's a jungle out there, kiddo!

Underage kid out there doing Lcoal Bitcoins.

Good advice.

gogxmagog

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Ad maiora!

localbitcoins.com, live in person, face to face sellers and buyers. no need for a bank or verification.

but study up first, be careful, use escrow!

it's a jungle out there, kiddo!

ijmolder93

newbie

Activity: 49

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Quote from: LostDutchman on May 22, 2014, 09:59:14 PM

Quote from: ijmolder93 on May 22, 2014, 09:58:11 PM

It is not exactly the best or safest way, probably not the best cost wise either, but I am pretty sure you can buy them from someone else if you make or have a paypal account. Just dont let them know you're buying cryptos.

You have to be 18 to have a Paypal account.

What about just using paypal as the processor? For example, buying something on eBay, and on checkout, just use the pay with debit/credit card option instead of use paypal account option?

cookiemonster7

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Cookie...Cookie.

Quote from: LostDutchman on May 22, 2014, 09:20:38 PM

Quote from: Jeteroll on May 22, 2014, 06:26:32 PM

Hello all, I was wondering if I would get denied when I try to verify my account at Bitstamp or Kraken because I'm only 17. And what is the easiest way to buy BTC under 18?

Oh, Hell; just get a trusted freind over 18 to open a bank account for you, get all the banking info from that person, including the debit card and rock'n roll.

Yeah, you are using someone else's name and it might be technically illegal or maybe not but who cares?

People do this kind of stuff all the time.

Kudos for you for having the the brainpower and maturity to understand Bitcoin at your age!

Fuck'em and go for it!

GO GET EM!!!! The bankers of course.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: ijmolder93 on May 22, 2014, 09:58:11 PM

It is not exactly the best or safest way, probably not the best cost wise either, but I am pretty sure you can buy them from someone else if you make or have a paypal account. Just dont let them know you're buying cryptos.

You have to be 18 to have a Paypal account.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: franky1 on May 22, 2014, 09:50:33 PM

getting a friend to open a bank account for you and using his ID is called fraud and identity theft. you dont want to ruin your life if caught by having a police record or going to court etc, paying a huge fine. purely to deposit to bitstamp as oppose to local bitcoins.

dont listen to people telling you its ok to risk your real life reputation, chance of getting a job, costing you alot in court fines and potential jail time..

be smart. just use local bitcoins using your own real bank account, to deposit bitcoin into bitstamp or other exchanges to increase your bitcoin holding without ever cashing out into fiat (unless you cash out via localbitcoins which is acceptable) for now and on your 18th birthday. take out your bitcoins and make a fresh bitstamp address get it verified with your real life ID and enjoy withdrawing fiat through bitstamp ONCE YOUR 18!!

i seriously cannot believe the last poster actually advises you to commit a crime just to use bitcoin. what an utter prick!!

my 2c

Oh, for crying out loud!

Are you for real?

If someone gives the kid permission to use he bank account it's not illegal.

ijmolder93

newbie

Activity: 49

Merit: 0

It is not exactly the best or safest way, probably not the best cost wise either, but I am pretty sure you can buy them from someone else if you make or have a paypal account. Just dont let them know you're buying cryptos.

franky1

legendary

Activity: 4410

Merit: 4766

getting a friend to open a bank account for you and using his ID is called fraud and identity theft. you dont want to ruin your life if caught by having a police record or going to court etc, paying a huge fine. purely to deposit to bitstamp as oppose to local bitcoins.

dont listen to people telling you its ok to risk your real life reputation, chance of getting a job, costing you alot in court fines and potential jail time..

be smart. just use local bitcoins using your own real bank account, to deposit bitcoin into bitstamp or other exchanges to increase your bitcoin holding without ever cashing out into fiat (unless you cash out via localbitcoins which is acceptable) for now and on your 18th birthday. take out your bitcoins and make a fresh bitstamp address get it verified with your real life ID and enjoy withdrawing fiat through bitstamp ONCE YOUR 18!!

i seriously cannot believe the last poster actually advises you to commit a crime just to use bitcoin. what an utter prick!!

my 2c

Jeteroll

newbie

Activity: 15

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I do have a bank account and a debit card!

LostDutchman

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Merit: 250

Quote from: Jeteroll on May 22, 2014, 06:26:32 PM

Hello all, I was wondering if I would get denied when I try to verify my account at Bitstamp or Kraken because I'm only 17. And what is the easiest way to buy BTC under 18?

Oh, Hell; just get a trusted freind over 18 to open a bank account for you, get all the banking info from that person, including the debit card and rock'n roll.

Yeah, you are using someone else's name and it might be technically illegal or maybe not but who cares?

People do this kind of stuff all the time.

Kudos for you for having the the brainpower and maturity to understand Bitcoin at your age!

Fuck'em and go for it!

Topic: Under 18 Bitcoin Trading - page 2. (Read 3706 times)