Buying Cryptocurrency Under 18
There are no laws prohibiting buying cryptocurrency if you are under 18. However, many crypto exchanges have age restrictions. There are some crypto platforms that do not require ID verification, so you can use them to buy crypto if you are under 18.
Investing in Ethereum
Ethereum looks promising to invest in today with its huge developer network, innovative decentralized applications library, and pending conversion to a proof-of-stake mechanism. This cryptocurrency may have surged in value recently, but it still looks like a solid buy. You can purchase Ethereum fractions if you don’t have enough money for a full coin.
How to Buy Ethereum at a Young Age
To buy Ethereum without identification, you can use a self-custodial wallet like Trust Wallet. You need to create a wallet, write down the seed phrase, and then buy Ethereum from third parties using credit/debit cards. Decentralized exchanges tend to charge low fees but you still pay gas fees for transactions, which can be high on Ethereum. While peer-to-peer platforms often don’t charge fees, as the seller sets the price, you could get much worse exchange rates than on centralized platforms.
Minimum Age for Buying Ethereum
You can buy cryptocurrencies without age limits. However, platforms like Coinbase and PayPal require users to be 18+. There are ways to buy crypto without identification based on age. For instance, Purse.io allows you to swap gift cards if you are 13+. In addition, platforms like Coinatmradar, Whaleheaven, Bisq, Solid.co, Mycelium Local Trader, Bitzlato, Wall of Coins, Cryptogem, and AgoraDesk allow buying crypto without identification.