I think for registration you can use your family members who are adult thier is for registration . And also you can use thier bank account for depositing and withdrawing money . Or you can use your account details too but ensure you pay taxes accordingly as per your country tax structure .
Topic: Using Bitcoin and altcoins when under 18 - page 6. (Read 10217 times)
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'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 here has no any age limit.if we are opening an account it asking our id proof it one is enough.age is not limit to doing trading. few people starting before 18, in 18 and after 18. so age is not limit to doing this type of trading. actually up to now i don't seen any age restrictions on the form. and age is not limit if it is complasary we have to submit our parents like mother or father ID. it is enough.+
I use to store their coin purse Xapo. Convenient service but recently, they require verification. For this you need a passport. CEX also requires documents. Probably gradually collects data from all users of bitcoin and in the future the state will be able to control our income in cryptocurrency. Now you can ask to help you friend who is over 18 years of age to register for an account but as soon as governments start to demand payment of taxes you will have problems.
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'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.
there are many exchange that allowing young people to do trading without sending any of documents. but their account will not reach higher limit to deposit, withdraw or else and maybe they are missed something like 2fa or others. you can trying with poloniex, bittrex, cryptopia, nova exchange, alcurex. you can register in all of these exchange and they don't know if you are under 18 years old or not. maybe my suggestion will come to bittrex than others because in bittrex, its simple and easy friendly for new people.
I don’t see any age restrictions in it,, i can’t think of where you getting those information that in trading it is a must to have atleat 18 above to be allowed.. Haven’t heard or read about this,, so if ever you have a link to share with us,, the better for our reference also.. If you have knowledge and available bitcoin or altcoin in hand you are very welcome to participate but the risk of being unaware or inexperienced still high.. It’s better to have guidance from a much older or much experience bitcoin friend you know..
you not need to proof you ID when make wallet so you can set any age
will be ask for id only if you want to use sites like paxful or localbitcoin or prepaid cards like crytopay
will be ask for id only if you want to use sites like paxful or localbitcoin or prepaid cards like crytopay
I started trading when I was under 18. Local site only needed deposits from a bank account and no identity verification.
You can sell your Ethereum in this forum for Bitcoin. Just make a post about your Etherium and ask a price for your etherium. I have seen a huge number of people here buy sell there ETH and Bitcoin regularly.Dont forget use an escrow, without escrow you can lost all of your money/coin. best of luck for you.
I think most exchanges do not ask for their age. You can also use your father/mother ID
DO NOT MAKE THIS MISTAKE. Take it from me, I used to work at CEX.
Its fine for an underage to have bitcoin, at least here. Its property/value; kids can have money all day without breaking any laws. But using a platform is an entirely different beast. The platforms have a liability to protect children from certain content, and prevent them from engaging in activities that might be illegal (say like, trading illegal securities for example). They establish a TOS to protect themselves in this; you usually agree to the terms in order to use the Service. If If you lie about you age, they are under no obligation, legally, to return your funds to you. So if you get locked for a verification check, and you cant provide proper ID, you may not have recourse for obtaining your funds.
which brings me to another thing, lying to an exchange about your age/identity. exchanges follow strict aml/kyc law; they must know who you are in order to accept and hold more than X money from a person. when you lie, you make their job harder, and bring them out of compliance if its found they have lax identification policy. so they have little incentive to help you; you lied, they have your money, and you cant do too much to change any of that.
Ive seen it happen.
Dont fuck around with this, you will be disappointed eventually.
Just fake it! What's the problem? I don't think it will be some penalty for this.
I think most exchanges do not ask for their age. You can also use your father/mother ID
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'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'm not so sure about other sites that allows you to transact bitcoin when under 18 years old since most of the sites nowadays wants you to be of legal age due to the nature of your liability once you get into trouble. In my opinion, the best way to earn bitcoin is to join various campaign signatures since one of its pre-requisites is you being fluent in english and posting constructive posts.
You can probably trade Bitcoins-Altcoins as much as you want without having more than 18 years.
The only real issue would be to sell Bitcoin to real money.
In this case you would probably need a bank account and you would need to verify your ID on almost all exchanges that allow this kind of transaction.
The solution: Find a P2P seller and sell your coins to them. I always sell my Bitcoins to reputable members on a Brazillian comunity on Facebook and never had any issue. Always be careful while doing a trade with an unknown person. Always do your research and only sell to people you can trust. There are websites that allow you to find people like that. E.g: https://localbitcoins.com
The only real issue would be to sell Bitcoin to real money.
In this case you would probably need a bank account and you would need to verify your ID on almost all exchanges that allow this kind of transaction.
The solution: Find a P2P seller and sell your coins to them. I always sell my Bitcoins to reputable members on a Brazillian comunity on Facebook and never had any issue. Always be careful while doing a trade with an unknown person. Always do your research and only sell to people you can trust. There are websites that allow you to find people like that. E.g: https://localbitcoins.com
As far as I know, 18+ financial requirements are there because minors can't sign contracts and can never be required to repay a loan or other money owed as a result of a contract. A large part of the financial system revolves around debt.
Then I think BTC ill be useless if were not legible to held when under 18 years of age. I mean the purpose is to propagate BTC in the future, why not in the teens since they were aware nowadays on the field of technologies.
you can try poloniex or bittrex for altcoin trading, i don't remember bittrex asking for any minimum age for trading, nor they can't prove it, because they don't even require document for trading that do not involve fiat
Yes, there is no need for any document showing one's age in trading with Bittrex and Poloniex and one's earnings can be withdrawn via Bitcoin anyway. I guess there are now many teenagers who are also into trading cryptocurrency as they are more agile and more risk-takers. These young people can be the foundation for the next batch of Bitcoiners.
Oh god! Bitcoin is not like porn or firearms, to ban the participation of those under the age of 18. If a 14-year old is allowed to open a savings account in bank, then he should also be allowed to open an account in any of the crypto-exchanges.
you also have the option of poloniex or bittrex. bittrex do not asking for age or any unique documents.
I do not think there is currently any age-limiting regulation in bitcoin and altcoin so far the management of bitcoin system doesnt set age restrictions on its activity, since bitcoins are made indefinitely and can not be controlled by any party.
That's true for crypto only use but underage persons have a very limited set of options when it comes to liquidating Bitcoin and the legal fallback they might have is even more limited due to their age and nature of services they are allowed to access. 
As long as you are already capable and knowledgeable about the trading industry I think it wont matter. When I started earning bitcoin, I dont remember any age requirement in order to do this. Just be morr careful when trading and dealing with people. So that you wont be fooled by anyone.
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