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Home Investment

How Old Do You Have to Be to Buy Bitcoin?

Acker Palma by Acker Palma
April 2, 2019
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With Bitcoin being as popular as it is right now, more and more people are wanting to jump on the train and make their fortunes. The problem for some users is that they worry about whether or not they are old enough. 

Image Source: Pixabay

Many people take Bitcoin for granted and believe that it’s only for people who are above 18 since that is the largest group of users. However, underaged people who are money-savvy and looking to plan ahead for their futures may want to get involved in the Bitcoin boom so that they can start making and saving money themselves. It’s normal to wonder if their age is going to be a restriction that will stop them from being able to turn a profit and take advantage of the excitement around Bitcoin.

Owning Bitcoin

The great thing about Bitcoin is that anyone of any age can legally and easily own a Bitcoin wallet. This makes it easy for adults to set up wallets for the children in their lives and put money into them in an effort to save for the future. In this case, minors aren’t the ones actually buying and dealing with Bitcoin, which is why it’s not a problem for anyone.

Image Source: Pixabay

The Identity Check 

The problem that many people run into when using an online platform is that they need to undergo an identify check when they want to buy Bitcoin. As a part of the verification process, users need to be above 18 or they will not be able to use the platform itself. However, if you are young and is really interested on finding the best place to buy and sell cryptocurrency, then you may want to consider a dealer that offers face to face exchange so that you can seek guidance from their experts on Bitcoin investment.

Working One-on-One 

Often, working one-on-one is the best way for younger Bitcoin users to buy and sell Bitcoin without running into any problems. By not going through a platform, these users can avoid the identity check and instead work directly with the people that they are going to be in a transaction with. This makes it easy for users to enjoy buying and selling Bitcoin without the stress.

Image Source: Pixabay

By planning ahead and making sure to work with professionals, even younger adults who are fans of Bitcoin can easily buy and sell their new cryptocurrency. It’s important to only work with a company or a person that you trust so that you don’t put yourself or your hard-earned money in any danger.

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