Topic: Using Bitcoin and altcoins when under 18 (Read 10204 times)
If u can earn Bitcoin and Altcoins when you are 18 year's of age i think you can also use Bitcoin and Altcoins as a child of 18 year's, and also in some country a child of 18 year's is an adult. Personally i think you need to be patience a little, you can also use exchange that do not have fiat pair like fork delta or ether delta for now.
I remember when i was 17 years old i only sell my token in etherdelta or forkdelta,so dont think that this is the end of your life in crypto,be patience and when youbare already in 18 years old you can now enter to the world of trading.
This is an option, but there are also way of selling BTC for fiat even if you are under 18. You can exchange altcoins to BTC on exchanges that don't have fiat pairs (those usually don't require ID scan and birthday) and then withdraw BTC to your wallet (Electrum or Android wallet like Coinomi). You can then sell bitcoins on bitcoin ATM if there is one near you, on localbitcoins or here on forum in exchange for paypal or Western Union (trade with trusted users only!)every people which are in under 18 could still use bitcoin and like you said, they can exchange altcoin/tokens to btc on exchanges but he needs to know which exchanges that don't require ID scan or send any document. but one thing that he should know that if he wants to exchange his btc to fiat, he still need other people that could receive the money because the bank will ask him if he wants to withdraw in a big amount. so maybe he can withdraw small money and he can do this once in two weeks or monthly so the bank will not curious or suspicious.
Hello,
I'm wondering how can you trade with bit/altcoins when you're under 18 years old. I currently need to transfer some ethereum coins (earned by mining) to bitcoin and eventually to real cash. I know that you can use LocalBitcoins.com, however you can only trade bitcoin here. How about altcoins?
Thanks.
Yes even under 15 age can handle cryptocurrency as long as they have knowldege about cryptocurrencies system. Theres an news about the boy who investing here at the age of 11 and he become success and he's a millionaire now I'm wondering how can you trade with bit/altcoins when you're under 18 years old. I currently need to transfer some ethereum coins (earned by mining) to bitcoin and eventually to real cash. I know that you can use LocalBitcoins.com, however you can only trade bitcoin here. How about altcoins?
Thanks.
Using Bitcoin and altcoins under 18 is totally fine, however trading even though is currently allowed, one might not be prepared mentally for the kind of pressure that comes with it. Technical Analysis can be learned at any age, but the biggest enemy when trading is psihology, yourself, and the difficulty of risk management. Master yourself first and then you can learn to master trading.
Well, I agree with your statement. Yes even below 18 still can handle cryptocurrency as long as he/she know how to count and what is the real meaning of value as a currency. There was a news that I saw in the article that Teenage bitcoin millionaire Erik Finman, 19, has advice for young people looking to invest in the cryptocurrency. He has invested bitcoin at the age of 11 years in 2011 with the help of his grandmother.So, there's nothing wrong with the age as long as they know how to compute.
Using Bitcoin and altcoins under 18 is totally fine, however trading even though is currently allowed, one might not be prepared mentally for the kind of pressure that comes with it. Technical Analysis can be learned at any age, but the biggest enemy when trading is psihology, yourself, and the difficulty of risk management. Master yourself first and then you can learn to master trading.
Do you want to transfer your mined ethereum to bitcoin or you want to trade(convert) your ethereum to bitcoin? i dont think exchanges require ID for thatt.
You just need to stay away from exchanges that requires KYC and higher forms of verifications before you can transfer assets to a platform where you can exchange crypto to fiat. You can also ask for your elders or some adult that you trust to use their confidential information to make an account for you.
There are many ways for it, I'm sure you've found it if indeed already learning or can deepen many things.. of course it can be done and it depends on our ability personally, no matter if under the age of 18, if you know and continue to learn many things.. of course it will can to do.
Individuals under 18 years old are not prohibited in using bitcoins and altcoins as long as these are legally use and these individuàls are properly guided by their guardians or parents.Besides this bitcoin thing can help themselves for their everyday expenses and future needs.
I remember when i was 17 years old i only sell my token in etherdelta or forkdelta,so dont think that this is the end of your life in crypto,be patience and when youbare already in 18 years old you can now enter to the world of trading.
This is an option, but there are also way of selling BTC for fiat even if you are under 18. You can exchange altcoins to BTC on exchanges that don't have fiat pairs (those usually don't require ID scan and birthday) and then withdraw BTC to your wallet (Electrum or Android wallet like Coinomi). You can then sell bitcoins on bitcoin ATM if there is one near you, on localbitcoins or here on forum in exchange for paypal or Western Union (trade with trusted users only!)every people which are in under 18 could still use bitcoin and like you said, they can exchange altcoin/tokens to btc on exchanges but he needs to know which exchanges that don't require ID scan or send any document. but one thing that he should know that if he wants to exchange his btc to fiat, he still need other people that could receive the money because the bank will ask him if he wants to withdraw in a big amount. so maybe he can withdraw small money and he can do this once in two weeks or monthly so the bank will not curious or suspicious.
Hello,
I'm wondering how can you trade with bit/altcoins when you're under 18 years old. I currently need to transfer some ethereum coins (earned by mining) to bitcoin and eventually to real cash. I know that you can use LocalBitcoins.com, however you can only trade bitcoin here. How about altcoins?
Thanks.
Bitcoin usability does not discriminate. It serves as a medium of exchange for goods and services, hence can be used by any age, gender, race, etc group of people as long as they know their forward with its transaction. The question is, "is the USD strictly for 18years and above?" The answer applies to BTC. I'm wondering how can you trade with bit/altcoins when you're under 18 years old. I currently need to transfer some ethereum coins (earned by mining) to bitcoin and eventually to real cash. I know that you can use LocalBitcoins.com, however you can only trade bitcoin here. How about altcoins?
Thanks.
I remember when i was 17 years old i only sell my token in etherdelta or forkdelta,so dont think that this is the end of your life in crypto,be patience and when youbare already in 18 years old you can now enter to the world of trading.
This is an option, but there are also way of selling BTC for fiat even if you are under 18. You can exchange altcoins to BTC on exchanges that don't have fiat pairs (those usually don't require ID scan and birthday) and then withdraw BTC to your wallet (Electrum or Android wallet like Coinomi). You can then sell bitcoins on bitcoin ATM if there is one near you, on localbitcoins or here on forum in exchange for paypal or Western Union (trade with trusted users only!)
I remember when i was 17 years old i only sell my token in etherdelta or forkdelta,so dont think that this is the end of your life in crypto,be patience and when youbare already in 18 years old you can now enter to the world of trading.
I didn't suppose that there are no restrictions regarding age and is possible to trade BTC or altcoins even if you under 18.
Some ICO project required KYC for all their customers but I never heard someone saying underage people are not advisable and not welcome to join in the project because they see all people as possible investor to their project. Some exchange also never required age verification or something so you can also trade with them, only you'll have trouble cashing out, but try to visit some banks who might it help you to create your own account as student.
I think it's no problem for using bitcoin and altcoin in under 18 because I see that some exchanges don't need to fill any document and I think you can use the lower account verification to start trading in the exchanges. but if you want to register in bittrex, poloniex or the other exchanges, I think you need to wait until your ages are above 18 because you need to send the document to get fully verification. but if you only want to keep bitcoin and altcoin, I think you don't need anything except to download a wallet for your computer or android phone.
I think a lot of ways to do bitcoint transfers without requiring age verification, so you can searching out how to use them with some methods on certain sites
Certainly, Bitcoin and altcoin is something which does not require you to have KYC at most places. Hence you should not have any problem using bitcoin either altcoin. The only problem you might have is buying bitcoin from any exchange to use it further. As, this method needs you to have a bank account but account under the age of 18 are also valid in many countries. So, unless you government is happy with bitcoin you will not have any problem.
I think a lot of ways to do bitcoint transfers without requiring age verification, so you can searching out how to use them with some methods on certain sites
I think there are a couple of exchange sites that does not require any verification so I dont think there is an age limit for you to use the exchange site. So it would be best if you'd do some research first and check if the altcoins you want to trade with are listed on that exchange site.
You can try to convert altcoin into bitcoin just like I did on my local exchange.
I'm sure you can find too because every country have their own local exchange, right ?
Or I'm just too lucky since my local exchange doesn't require KYC
I'm sure you can find too because every country have their own local exchange, right ?
Or I'm just too lucky since my local exchange doesn't require KYC
But in my country they are asking for government identity and their bank details because without verifying those we cannot move further. In my country banks accounts are allowed to open an account even below 18 years.
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