Assets, Bitcoin

Can a 14 Year Old Buy Bitcoin?

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary.

These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

NOTE: It is important to be aware that children under the age of 18 may not be legally eligible to purchase Bitcoin. As such, it is highly recommended that all minors refrain from buying Bitcoin or any other cryptocurrency until they have reached the legal age of majority. Furthermore, parents and guardians should be aware of the risks associated with purchasing Bitcoin and any other crypto-currency, including but not limited to, price volatility, insecure exchanges, and fraudulent activities.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can be purchased in person or online with a credit card or bank transfer.

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