Why do Bitcoin Wallet has an age limit? (18yrs. old ++)

harbin55

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Quote from: krunox123 on February 15, 2016, 11:21:08 AM

This is the same question to why credit/debit card has age limit.
But, AFAIK, everyone can use Bitcoin because Bitcoin has no age limit no matter if you are below 18 or are not born yet.

well said sir make my day!!!

like a newborn child can crate a account ^_^

ViceOfBTC21

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Quote from: the_poet on February 17, 2016, 07:18:40 AM

Quote from: Jemzx00 on February 15, 2016, 11:09:57 AM

Since bitcoin is just a money why does bitcoin wallet sites has an age limit of 18 years old before creating one?? Does having a money has an age limit?? And since online sites can't even detect people who's 18 below , why do they even bothered it ??

Why trust a third-party when you can trust yourself? Get a wallet like Core or Electrum and you can even be 8 if you know how to use it.

I was 13 at 2012 and I regret I didn't joined Bitcoin before. I was extremely scared about risking my parent's house, job and their money and didn't knew how to set up Tor.

neonshium

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Quote from: krunox123 on February 15, 2016, 11:21:08 AM

This is the same question to why credit/debit card has age limit.
But, AFAIK, everyone can use Bitcoin because Bitcoin has no age limit no matter if you are below 18 or are not born yet.

Yes, the credits cards the banks and all other money related accounts require 18 plus for to enter. As it is by the law that only 18 plus has that rights relating to money. And bitcoin is also a real money not a toy that everyone can have it even kids.

EdenHazard

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Quote from: Jemzx00 on February 15, 2016, 11:09:57 AM

Since bitcoin is just a money why does bitcoin wallet sites has an age limit of 18 years old before creating one?? Does having a money has an age limit?? And since online sites can't even detect people who's 18 below , why do they even bothered it ??

this is about money,about finance,i think people know it,in some country all finance problem and rules also have that age limit,and i think people under 18 years old have not stable emotion.

xdrpx

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I don't think Bitcoin Wallets have any kind of age limit, actually there could be web wallets having regulatory rules thus having to collect know your customer requirement documents. Most of the time these are required for exchanging Bitcoins with fiat and vice versa. But honestly, I haven't seen an 18+ requirement on Bitcoin wallets. You could teach children or even your kids( if you have any) to setup a Bitcoin wallet.

Kprawn

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Third party services needs to adhere to KYC and AML regulations... so you probably chose a service that needs verification. These services might also

want to expand into offering credit facilities and this might be a problem in the future. The Bitcoin protocol has no age verification and there are other

services out there, where you do not need to verify your age to use it. Just opt for one of those services. www.blockchain.info for example.

btcltccoins

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For the online wallets, there is nothing like 18+ age for bitcoins wallet. You just have to create the account and thats it. You got the wallet. Even if some sites asks you to check that you are 18, you can just say , yes.. I havent seen any site as yet like this.

pereira4

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Because they have to comply with legal laws and all that crap, but it's useless and pointless since anyone of any age can download Core wallet and start sending and receiving payments without no authorization of anyone, so they are trying to stop something that's unstoppable by design, let them waste their time while we improve the software.

nanonymousx

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That's not a bitcoin wallet, This is a gambling site or a broker that has some age limits or restrictions. No wallet like electrum or even blockchain.info ask for this kind of details.

Slark

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If you read closely Terms of Agreement of various not bitcoin related services and products (like some games, online social media services and more).
You will see that some of them requires you to be over legal age too. But this law is not respected and in reality everyone even small kids can use these services freely.

the_poet

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Bitcoin accepted here

Quote from: Jemzx00 on February 15, 2016, 11:09:57 AM

Since bitcoin is just a money why does bitcoin wallet sites has an age limit of 18 years old before creating one?? Does having a money has an age limit?? And since online sites can't even detect people who's 18 below , why do they even bothered it ??

Why trust a third-party when you can trust yourself? Get a wallet like Core or Electrum and you can even be 8 if you know how to use it.

DimensionZ

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Shit, did I leave the stove on?

The age restrictions are probably imposed due to the laws for juveniles in some countries but personally I haven't seen such restrictions myself on the wallets I have used.

7788bitcoin

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You can use the phone's or PC wallets... They don't check your age... But buying through exchanges definitely needs more information as part of the "know-your-customers" policies...

upsidedown75

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I too think having an age restriction is better. Because the bitcoin is money and the services related to money has an age limit of 18, like a bank account which is only for 18, the reason is that kids cannot handle, their financial affairs it is always the elders who have the right to handle their property and financial affairs.

gentlemand

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Welt Am Draht

Because Bitcoin is for buying drugs, guns, burger shots and assassinations. That's customarily adult territory but probably not for much longer.

Karpeles

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What wallet are you using?
Online wallets doesn't require ID.

Usually exchanges have such restriction, probably for legal reasons

Raimonn

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I suppose that this limit is from companies that provide online wallets or exchanges, it could be to protect them from local government laws. For example you can make a paper wallet without any limit on your age. I never see this limit on wallets that i used, but could be written on user agreements and i didn't read all the legal text.

franky1

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Quote from: Jemzx00 on February 15, 2016, 11:09:57 AM

Since bitcoin is just a money why does bitcoin wallet sites has an age limit of 18 years old before creating one?? Does having a money has an age limit?? And since online sites can't even detect people who's 18 below , why do they even bothered it ??

websites do it because for certain contracts people need to be of a legal age to consent and agree to that services terms.

remember bitcoin is not a website. jst like a bank note is not a website. but as soon as you start using third party services that manage funds on your behalf. you have to give them consent and allow them to not be blamed due to outside events not in their control.

the reason why they even bother asking. is to protect themselves. and if it ends up the customer lied, then thats a breach of contract, which also protects the business

LFC_Bitcoin

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#1 VIP Crypto Casino

OP is probably talking about wallets on online exchanges that ask for ID to verify the account for trading.

Greenenergy

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I think this is because there is some shady terms in their Terms of Service, like if you their take your coins you can't attach them, and if you're younger than 18 years old, your signature would have no value.

Topic: Why do Bitcoin Wallet has an age limit? (18yrs. old ++) (Read 1890 times)