How to Buy Crypto if You Are Under 18 Years Old?
According to a research study, millennials are the most interested in Bitcoin. But unfortunately, they also face the maximum restrictions. Most Bitcoin or Crypto trading platforms, in general, restrict their audience to be above 18 years old. There’s no justified reason for it, as there are no international laws or the legal age to buy Bitcoin.
So, if you’re that young and looking for the most appropriate trading platform for yourself, you’ve come to the right place. This article will cover the most simple and easy-to-use Crypto trading platforms, so let’s dive right into it.
What Sort of Platform Are You Looking For?
When you first start searching on how to buy Crypto if you’re under 18 years old, it’s pretty common to get confused. Most platforms claim to be simple to use, but in the light of truth, they’re not. Some venues will also require you to submit KYC requirements which may be a problem at a young age.
That’s why completing research and choosing the best platform is necessary. You need a beginner-friendly platform which is authentic and has no age restrictions. This way, you can steer clear of any Bitcoin scams or technical difficulties. Here are the top places to purchase Cryptocurrency (or Bitcoin) if you’re under 18.
Bybit comes on the top when purchasing Cryptocurrency without revealing your actual age. It is a global platform available in 160 countries that passed the 100 million user milestone in September 2022. Bybit is on a mission to empower Crypto believers with the knowledge and tools to achieve their dreams and freedom. For that reason, they offer zero server downtime and no overloads.
Bybit has a relatively smooth user interface compared to most of its competitors. It scored 7.5, making it the highest on the KYC-free platforms list. Bybit offers a wide range of coins and includes all the popular ones to satisfy its users.
A minor con of Bybit is that it isn’t available in the US region due to its twisted rules and regulations regarding Crypto. However, you can use a VPN to sign up on ByBit and by pass this restriction since they do not ask for your address details… and easily import Crypto profits into your digital wallets. As Bybit is completely identification-free, it’s easy to tackle this minor issue.
Founded in 2018, MEXC is considered the pioneer of Cryptocurrency and blockchain technology. One of the reasons for its excellent and user-friendly reputation is its unmatched service quality and simple user interface (UI). Unlike ByBit, MEXC is the best for US audiences as it allows you to purchase Crypto via credit card, debit card, Apple pay, and Google pay.
Another unique selling point (USP) for MEXC is that it offers a wide variety of coins. This little feature also helps multiply its user base at high speed. MEXC provides trading pairs and Cryptocurrencies for their traders, including BTC, ETH, USDT, USDC etc., to name a few.
MEXC is a highly beginner-friendly platform. It charges a meager trading fee of 0.2% for spot trading and 0.02% for futures trading. MEXC allows beginners to trade Cryptocurrencies with ease via its Copy Trading Feature.
KuCoin is the best place to buy Crypto via fiat currency. It also has a lot of payment options available, including credit cards, debit cards, apple pay, Google pay, and several others. KuCoin has a one trillion + accumulated trading volume, which depicts its popularity. KuCoin offers a whopping 700+ coins collection.
KuCoin allows you to interact with the world’s leading Crypto performers so you can learn and invest simultaneously. It charges a trading fee of 0.1%. KuCoin covers 200+ countries, so your location won’t be a problem. KuCoin is undoubtedly the world’s most sophisticated and secure Cryptocurrency platform.
With twenty million + global users, KuCoin is an excellent option if you’re wondering how to buy Crypto if you’re under 18 years old. One minor flaw in the case of KuCoin is no live chat support. But that isn’t a big issue as their communication staff is quite responsive.
Margex is the best option if you’re young and seek simplicity. Margex makes it easy to buy Crypto without any KYC verification. It means that you can quickly get into Crypto trading even if you’re younger than 18. It offers excellent customer support and the best exchange rates.
Margex is on a mission to provide a fair, secure, and easy-to-use platform globally with the highest class of financial technologies. Margex has off-the-charts digital security infrastructure. It means that your trading will remain uninterrupted even at hectic peak hours.
Margex has introduced an “MP Shield System” to multiply its security levels. It protects people from the drawbacks of price manipulation that often triggers unfair liquidation on other platforms. In this way, Margex keeps track of all suspicious trading activities.
Decentralized exchanges (DEXes) like Bisq are a great option if you’re wondering how to buy Crypto under 18 years of age. The whole point of DEXes is to keep the identity of Crypto traders hidden. In other words, you can easily buy and trade Cryptocurrency without revealing your details and, most importantly, age.
Bisq enables you to buy Bitcoin as fiat currency. Unlike any P2P exchange, you must provide KYC information to purchase Cryptocurrency. However, Bisq doesn’t require any information to transact. There are over 15 payment methods available on Bisq.
One important thing to remember about Bisq is that it only allows you to purchase Bitcoin. So, if you wish to buy other coins, you’ll have to trade them for BTC.
Purchasing Bitcoin or any other Cryptocurrency at a young age is common. Therefore, a wide variety of pathways are available online to do so. Nowadays, custodial accounts have also entered the equation. An adult manages the funds in these accounts, but the assets technically belong to a child.
Any platforms mentioned above are beginner-friendly and don’t impose any age restrictions. We hope that you found our article helpful and relevant. Happy Trading!