As the popularity of Bitcoin and other cryptocurrencies continues to grow, so does the number of people looking to invest in them. But what if you’re not yet of legal age to invest? Can you still buy Bitcoin under 18?
The short answer is yes, but it’s not as simple as buying Bitcoin from a traditional exchange. If you’re under 18 and looking to invest in Bitcoin, you’ll need to find a peer-to-peer (P2P) marketplace that allows for underage users.
One popular P2P marketplace is LocalBitcoins.com.
To buy Bitcoin on LocalBitcoins, you’ll need to create an account and verify your identity. Once you’ve done that, you can browse the listings of people selling Bitcoin in your area.
When you find a seller that you’re interested in, you can start a chat with them to negotiate a price and payment method. Once a deal is agreed upon, the Bitcoin will be released from escrow and sent to your wallet.
Another popular P2P marketplace is Paxful.
Paxful also requires users to create an account and verify their identity before they can start buying and selling Bitcoin.
Paxful has a slightly different approach to listings, however. Rather than having people list their own offers, Paxful allows users to select from pre-made offers.
This can make it easier to find a deal that suits your needs.
Once you’ve found an offer that you’re interested in, simply enter the amount of Bitcoin that you want to buy and click “Send Trade Request.” The seller will then have 48 hours to accept or reject your request.
If they accept, the Bitcoin will be sent to your wallet and the trade will be complete.
Investing in Bitcoin can be a great way to get started in the world of cryptocurrency. And thanks to P2P marketplaces like LocalBitcoins and Paxful, it’s possible for those under 18 to get involved as well.
Just remember to exercise caution when dealing with strangers online and always keep your personal information safe.