Which are the “cryptocurrency Exchange apps for under 18” in 2023. And how can you buy at a young age. Know full details here!
Cryptocurrency Apps for Under 18:- With cryptocurrency becoming a popular investment option in recent times, many teenagers may be interested in investing in cryptocurrency. But if you are under 18, buying cryptocurrencies can be challenging. But don’t worry, there are several cryptocurrency exchanges and marketplaces that allow teenagers to Buy Cryptocurrency with parental consent.
That is why today in this article we are going to know about 9+ popular cryptocurrency exchanges that allow under 18s to buy cryptocurrency. Eg:- Bybit, MEXC, KuCoin, Margex, PrimeXBT, Bisq, Coinbase, Gemini, Kraken etc.
In today’s article, you will get information about all the points given below, which can be seen here: –
- Best cryptocurrency apps for minors
- Crypto apps for under 18 investors
- Top-rated crypto apps for young investors
- Investing in cryptocurrency under 18 with apps
- Safe and easy-to-use crypto apps for teens
- Cryptocurrency trading apps for minors
- Best apps for under 18 crypto trading
- Crypto investment apps for young adults
- Teen-friendly crypto apps for investing
- Crypto apps for beginner investors under 18
9+ Exchange Cryptocurrency Apps for Under 18
Here you can see “9+ Exchange Cryptocurrency Apps for Under 18”:-
- Margex Crypto Exchange App for Under 18
Margex is a Crypto Exchange App that allows anyone under the age of 18 to easily buy crypto with their credit or debit card without any ID verification. Apart from buying crypto in it, Margex is also an excellent platform for margin trading. Which has a top-notch security system, which protects the assets of the users.
This exchange keeps all assets in cold storage, and it uses a unique system called MP Shield, which prevents price manipulation. The system aggregates liquidity from over 12 providers, using AI algorithms to continuously monitor for any suspicious trades.
However, Margex only offers 13 coins on the exchange. So if you are looking for a wider range of cryptocurrencies, you may need to choose a different platform. But if you want to buy the most popular coins like BTC, ETH, SOL and LTC, Margex is a great option for you.
By using this link to sign up with Margex, you can get a $100 bonus for free, plus a 15% bonus on your first deposit.
- MEXC Crypto Exchange App for Under 18
If you live in the US and are under the age of 18 looking for a reliable platform to buy cryptocurrency, MEXC is a good way for you to go. It’s easy to buy coins with a variety of payment options including credit card, debit card, Apple Pay, and Google Pay. Plus, you get access to an impressive range of 1,520+ coins, more than any other platform.
MEXC also has some of the lowest trading fees in the market, with only 0.0/0.1% for spot trading and 0.0/0.03% for futures trading. If you are interested in trading and want to make big profits, their copy trading feature is a great place to start. You can choose a successful trader to copy, and MEXC will help you make similar profitable trades without much trading experience.
If you are a beginner trader, MEXC offers a FREE crypto trading course designed to take you from basics to professional. With screenshots from their platform, you can easily follow along and learn everything from technical analysis to chart patterns, making you a pro-day trader in no time.
- Bybit Cryptocurrency Exchange App for Under 18
Bybit is the platform of choice for anyone under the age of 18 to buy cryptocurrency. With over 10 million users and over $10 billion in trading volume each day, it is a trusted and global platform. You can use payment methods like credit/debit card, bank transfer, Google Pay, Apple Pay etc.
Bybit allows you to buy a handful of coins directly using fiat currency, including popular coins such as BTC, ETH and USDT. If you want access to Bybit’s full range of 280+ coins, you can buy USDT and then trade it for the cryptocurrency of your choice. Trading fees are minimal on Bybit, starting from just 0.1% for spot trading.
However, if you are located in the US, you will not be able to use Bybit as it blocks IP addresses from the USA. Nevertheless, you can use a VPN to bypass this restriction. It is important to note that Byte does not require any ID verification, which means that if you are in the US, you can change your location to an approved country like Australia to access the platform.
- KuCoin Cryptocurrency Exchange Apps for Under 18
KuCoin is a great cryptocurrency exchange for individuals under the age of 18 who want to invest in a wide range of cryptocurrencies. With over 700 coins to trade in, it is one of the largest cryptocurrency platforms globally, in which you will always find a cryptocurrency that meets your investment goals.
At KuCoin you can easily buy crypto with fiat currency using a range of payment options including credit cards, debit cards, prepaid cards and even Apple Pay. If you want to trade your crypto, you can easily do so with a low trading fee of only 0.1%. By using KuCoin’s Native Token (KCS) to pay for your trading fees, you can enjoy a 20% discount, making fees incredibly low at just 0.08%.
If you want to use a trading bot to profit from cryptocurrency volatility while you sleep, KuCoin is the ideal platform for you, as it offers its own free trading bot built into the exchange. You do not need to connect any external bots to the platform, as KuCoin currently offers Spot Grid, Futures Grid, Smart Rebalance, DCA and Infinity Grid bots.
- Bisq Crypto Exchange Platform for Under 18
If you are under 18 and looking for a decentralized exchange to buy crypto, Bisk is a great option for you. It prioritizes anonymity and security, so you can buy bitcoin without revealing any personal information. The platform uses Tor to ensure your privacy, and all funds are stored locally on your device.
Bisq offers over 15 payment methods, in that you can buy bitcoin directly using only fiat. If you want to trade any of the other 125+ coins available on the exchange, you will need to buy BTC first and then exchange it for your desired coin. The good news is that trading fees are low, with makers paying only 0.05% and takers paying 0.35%.
Bisk might not be the best choice for beginners, as it is a decentralized platform that requires some technical knowledge to use. However, if you are tech-savvy and value privacy and security, Bisq may be the right exchange for you.
- PrimeXBT Crypto Exchange Platform for Under 18
If you are looking for an option to buy cryptocurrencies directly, you can consider PrimeXBT, which offers CFDs (Contracts for Difference). In this, instead of buying the actual cryptocurrency, you are buying contracts that pay out based on the price movements of the cryptocurrency. So if you think the market is going down, you can also profit from a falling cryptocurrency price.
Additionally, PrimeXBT allows you to trade CFDs for other markets beyond cryptocurrencies including Commodities, Indices and Forex. If you are interested in trading but are not confident in your abilities, PrimeXBT offers the Covesting Tool, which lets you copy the trades of successful investors.
You simply choose an experienced investor to follow, and PrimeXBT will automatically execute trades similar to that investor. This can be a great way to profit from the market without becoming an expert trader. PrimeXBT’s trading fees are quite low at only 0.05%, but keep in mind that CFDs are a form of margin trading and can be risky. Be sure to do your own research and only invest what you can afford to lose.
- Binance Cryptocurrency Exchange
Binance, a popular cryptocurrency exchange, allows users under the age of 18 to create an account with parental consent. The app which is available for both iOS and Android devices.
- Coinbase Crypto Exchange App
Coinbase allows users under the age of 13 to create an account, but requires them to provide legal guardian consent (parental documentation) to do so.
- Gemini Crypto Exchange Platform
Gemini also allows users under the age of 18 to create an account, but requires them to obtain legal guardian consent and provide additional documentation.
- Kraken Cryptocurrency Exchange Platform
Kraken allows users under the age of 16 to create an account, but requires them to obtain legal guardian consent and provide additional documentation.
How to Buy Cryptocurrency Under 18: A Guide for Teens
Cryptocurrency has become an increasingly popular investment option for a few years now. Which many teenagers may be unsure about “How to buy cryptocurrency under 18 years old?”. That is why in this article, we are providing a guide on how to buy cryptocurrency for teenagers who are interested in investing.
Use a parent or guardian’s account! If you are under 18 and want to buy cryptocurrency, a good way to go is to use a parent or guardian’s account. Many cryptocurrency exchanges allow parents or guardians to create accounts on behalf of their children. Once the account is created, the juvenile can transact under the supervision of a parent or guardian.
Buy cryptocurrency with cash! Some cryptocurrency exchanges allow users to buy cryptocurrency with cash. This can be done through a cryptocurrency ATM or by meeting with a seller in person. Teens can use their own cash to buy cryptocurrency as long as their parents or guardians have permission.
Use Peer-to-Peer Marketplace! Another option for teens to buy cryptocurrency is through peer-to-peer marketplaces. Platforms such as LocalBitcoins and Paxful allow users to buy and sell cryptocurrencies directly with each other. Teens can use these platforms with the permission of their parents or guardians.
Use prepaid cards! Some cryptocurrency exchanges allow users to buy cryptocurrency with prepaid cards. Teens can buy prepaid cards with cash and then use them to buy cryptocurrency. However, it is important to note that not all exchanges accept prepaid cards as a payment method.
Use Gift Cards! Some cryptocurrency exchanges also accept gift cards as payment. Teens can buy gift cards with cash and then use them to buy cryptocurrency. However, it is important to check which exchanges accept gift cards and what types of gift cards are accepted.
Finally, there are several ways for teens to purchase cryptocurrency, including using a parent or guardian’s account, purchasing with cash, using peer-to-peer marketplaces, using prepaid cards, or using gift cards. to do is included. It is important for teens to seek guidance from a trusted adult and exercise caution when investing in cryptocurrencies. By following these guidelines, teens can safely invest in cryptocurrency and potentially benefit from its long-term growth.
Cryptocurrency Apps for Under 18 FAQ
Here you can see the Q&A related to “Cryptocurrency Apps for Under 18”:-
Q1.: Can teenagers legally buy cryptocurrency?
Yes! Teens can legally buy cryptocurrency. But the legal age may vary by country and state. The legal age for purchasing cryptocurrency is 18 in some countries, while it may be lower in others.
Q2.: What are some cryptocurrency apps for under 18s?
Here you can check out 9+ cryptocurrency apps for under 18 years old. Some of the cryptocurrency apps that allow teens to buy and sell cryptocurrency with parental consent include Coinbase, Robinhood, eToro, Binance, and Gemini.
Q3.: Can teens use their own bank account to buy cryptocurrency?
It depends on the cryptocurrency exchange or marketplace. Some exchanges may allow teens to purchase cryptocurrency using their own bank account with parental consent, while others may require a parent or guardian to use their bank account.
Q4.: Is it safe for teenagers to invest in cryptocurrencies?
Investing in cryptocurrencies can be risky, as the value of cryptocurrencies can be volatile and unpredictable. Teens should educate themselves about the risks and benefits of investing in cryptocurrencies and consult a financial advisor or a trusted adult before making any investment decisions.
Q5.: What are some tips for buying cryptocurrency as a teen?
Some tips for buying cryptocurrency as a teen include choosing a reputable exchange or marketplace, researching fees and policies, using a reliable payment method, and understanding the tax implications of cryptocurrency investments.
Q6.: Can teens trade cryptocurrency on margin?
Some cryptocurrency exchanges and platforms allow users to trade on margin, which means they can borrow money to increase their trading power. However, trading on margin can be risky and can result in significant losses. Teenagers should educate themselves about margin trading and be cautious while using this facility.
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