Using Bitcoin and altcoins when under 18 - page 3.

rhamzter

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Quote from: chineseprancing on January 16, 2018, 06:14:27 PM

Quote from: stomachgrowls on January 16, 2018, 03:22:08 PM

Quote from: adam440 on January 19, 2017, 10:56:14 AM

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.

Theres no restriction when it comes to age when you are engaging into altcoins or any other crypto as long you do have the knowledge to deal with it then you are just fine. Talking about conversion of ETH to BTC would really be just simple.One is localbitcoins but you can still go in other methods if you don't like to use LBC. Just simply convert it into exchange specially on local ones which do operates in your country and just simply transfer it directly into your bank account once converted.

Your right using bitcoin had no restrictions, also this crypto currency had no discrimination. Even what kind person are allowed to used bitcoin.

Age, gender or anything is not questioning by the developers of this coin. Because all of them are equally in the law or even in the eye of the owners of this coin project.

I think you have a point, we are same point of view. Bitcoin are not requiring age because like the other said it is only a numbers. As I observed most of the people in our country who used bitcoin and other crypto currency are mellenials. Then thru them they were shared it to their kids that's why even students are using bitcoin, so I guess even children are allowed to used crypto currencies.

stomachgrowls

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Quote from: lili song on January 19, 2018, 01:27:02 PM

Quote from: adam440 on January 19, 2017, 10:56:14 AM

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.

I think you can tell your friends (over 18 years old) to help you. Many of friends (under 18 years old) invest in altcoins, some of them they ask help to parents, brother/sister, and friends. I think is the best solutions for you and wait until your old 18. No need to worry, altcoins is good investmnet for long term.

That would be the best option which this thing is being done by my friend which is only on minor age.Hes just on highschool but he do earn some decent amount of bitcoin or altcoins thats why he do have a hard time on cashing out thru himself but he find a way by just using his parents informations to cash em out without any problems.You can make use of your friends information too but depending if they would allow you to do so.

lili song

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Quote from: adam440 on January 19, 2017, 10:56:14 AM

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.

I think you can tell your friends (over 18 years old) to help you. Many of friends (under 18 years old) invest in altcoins, some of them they ask help to parents, brother/sister, and friends. I think is the best solutions for you and wait until your old 18. No need to worry, altcoins is good investmnet for long term.

the-doctor

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Man can you use dollars bellow 18? offcourse you do so I do not see why you cannot use crypto.. Investing is another stroy though

Abubakaradam

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Quote from: Rooster101 on January 18, 2018, 10:52:00 PM

Minors are supposed to take care and finish their studies first before joining any business ventures or trade but it hard to avoid that there are some business-minded minors that want to make some profits particularly in cryptocurrency trading. Some crypto exchanges have already stopped accepting minors like coinbase and bithumb and others might follow soon. But there are still no laws banning minors from using or investing in bitcoin or in any cryptocurrencies and they have the right to possess some amounts of bitcoin unless they use it in illegal activities.

I agree with you. But in today's technology is growing very rapidly let alone aged 18 years to 3th already using technology and the role of parents is very important in its application. Because internet access is easy one can enter. So in business even under age they are entitled whereas positively.

Rooster101

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Minors are supposed to take care and finish their studies first before joining any business ventures or trade but it hard to avoid that there are some business-minded minors that want to make some profits particularly in cryptocurrency trading. Some crypto exchanges have already stopped accepting minors like coinbase and bithumb and others might follow soon. But there are still no laws banning minors from using or investing in bitcoin or in any cryptocurrencies and they have the right to possess some amounts of bitcoin unless they use it in illegal activities.

ipanks

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maybe you can follow my advice. since you are not yet 18 years, why don't you just keep your profit in bitcoin only or in altcoin or in both bitcoin and altcoin or you can save it in tether or you can ask your parents to help you to cash out the money. from this, you can use localbitcoin to sell your bitcoin to fiat and I think you don't get any problem since, in localbitcoin, there are not too many requirements to cash out our bitcoin.

james1009

newbie

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Personally i know a lot of people under 18 are making good money here and help them to support for their studies. So, so I think do not there's anything to worry about that.

palle11

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As has opined by majority of writers here, I also think that exchange sites did not make any restrictions or limit to bar any category of persons to register on their sites not even lunatics.

Logically however, the reason for no restrictions or bars as the case maybe is that bitcoin is seen and operated as fiat and off course, there are no bars on people who are to make use of fiats. So, why would there be bars on the people to use or register for the accessibilities or for the purpose of bitcoin?

Also, another cogent reason for no restrictions yet as to age or capacity of investors on registrations to exchange sites in my view is that, there has not been any "strong" ban on bitcoin by a country or even if there have been and because of the decentralized nature of bitcoin, it has arm twisted such proposed "ban". Thus, the exchange sites has to go on with normal business. For the records however, I have not witnessed age restrictions myself.

Hence legally, Equality is Equity. No restrictions to the use of fiat for both old and young. This is the major reason I think that also arm twisted any bars as to age to the use of bitcoin.

goaldigger

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I dont think bitcoin requires an age bracket with regards to its transactions, usage or functions. Anyone can use it not unless they do some illegal acts with it. Young ones who have the eagerness to earn are the ones who needs to encourage. Just make them realize its responsibility and i think there are no problem with it.

FirEaSeA

newbie

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It's going to be a problem because cashing out more than your limit will need kyc which you can't do because before having driver/passport to submit, you need to be 18 yrs of age to get it.

chineseprancing

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Quote from: stomachgrowls on January 16, 2018, 03:22:08 PM

Quote from: adam440 on January 19, 2017, 10:56:14 AM

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.

Theres no restriction when it comes to age when you are engaging into altcoins or any other crypto as long you do have the knowledge to deal with it then you are just fine. Talking about conversion of ETH to BTC would really be just simple.One is localbitcoins but you can still go in other methods if you don't like to use LBC. Just simply convert it into exchange specially on local ones which do operates in your country and just simply transfer it directly into your bank account once converted.

Your right using bitcoin had no restrictions, also this crypto currency had no discrimination. Even what kind person are allowed to used bitcoin.

Age, gender or anything is not questioning by the developers of this coin. Because all of them are equally in the law or even in the eye of the owners of this coin project.

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: adam440 on January 19, 2017, 10:56:14 AM

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.

Theres no restriction when it comes to age when you are engaging into altcoins or any other crypto as long you do have the knowledge to deal with it then you are just fine. Talking about conversion of ETH to BTC would really be just simple.One is localbitcoins but you can still go in other methods if you don't like to use LBC. Just simply convert it into exchange specially on local ones which do operates in your country and just simply transfer it directly into your bank account once converted.

dokie987

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Both bitcoin or altcoin transactions can be done even when you are under 18 years old because there is no such age requirement in claiming your money.

Ompyon

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Quote from: expert4knowledge on January 14, 2018, 10:54:44 PM

There is no restriction against that on most exchanges so why not ? If you have the opportunity to become rich at your age, it's a huge chance

That's right, there's no limit to this, because as long as we are capable and capable and do not intend to commit a crime with bitcoin or altcoin then how old are you then it is legitimate

expert4knowledge

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The All-in-One Cryptocurrency Exchange

There is no restriction against that on most exchanges so why not ? If you have the opportunity to become rich at your age, it's a huge chance

Lanatsa

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Quote from: mengpujiu93388 on January 14, 2018, 02:37:44 AM

Bitcoin users often like and provide anonymity on their sites, and if they don't, you don't need to verify your information in most cases.

I don't why you did bump such thread but well its much better than on asking the same thing and created a new thread. Anonymity is the key here and in most cases we don't even know on how many are young or minors who are engage into crypto world.

Quote from: starsnshamrocks on January 14, 2018, 09:10:41 AM

Yes in my opinion there should be no restrictions.

There would be no restrictions as long you do have the knowledge on how to engage with it then you are good to go.

starsnshamrocks

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Yes in my opinion there should be no restrictions.

Johnyfun

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Fortunately, Bitcoin users often like and offer anonymity on their websites, and if they don't, in most cases you won't have to verify your information and can lie about it (as long as you use a VPN and you're confident that you're not unsafe using their site).

mengpujiu93388

newbie

Activity: 28

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Bitcoin users often like and provide anonymity on their sites, and if they don't, you don't need to verify your information in most cases.

Topic: Using Bitcoin and altcoins when under 18 - page 3. (Read 10205 times)