Coinbase, Exchanges

Can I Set Up a Coinbase Account for My Child?

Yes, you can set up a Coinbase account for your child. Doing so can help them learn about investing and digital currencies, and may also allow you to more easily monitor and manage their spending.

There are a few things to keep in mind when setting up a Coinbase account for your child. First, you’ll need to create a Coinbase account for them using your own email address.

You’ll then need to add them as a user to your account and set up their profile.

Once their profile is set up, you can then add them as a dependent under your own Coinbase account. This will allow you to see their activity and manage their spending from your own account.

NOTE: Warning: Setting up a Coinbase account for your child can be a risky endeavor. Coinbase requires users to share personal information such as Social Security numbers and banking details, which may not be appropriate for minors. Additionally, Coinbase’s terms of service dictate that all users must be at least 18 years of age, so creating an account for someone younger could result in the account being frozen or terminated. As such, it is recommended that parents explore other options for investing in cryptocurrencies on behalf of their children.

You can also choose to link their bank account or debit card to their Coinbase account, which can make it easier for them to make purchases and withdrawals.

Coinbase has strict policies in place regarding minors and accounts. For example, minors are not allowed to hold or trade cryptocurrencies on Coinbase.

If you’re looking for a way for your child to invest in digital currencies, you may want to consider setting up a custodial account with another provider such as Gemini.

In conclusion, setting up a Coinbase account for your child is possible and can be a good way to help them learn about investing and digital currencies. However, there are some things to keep in mind such as ensuring their profile is set up correctly and linking their bank account or debit card if you want them to be able to make purchases easily.

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