How old do you need to be to buy crypto?

The main idea about crypto is that it is open to everybody regardless of age or location. But unfortunately, in the real world, most cryptocurrency trading platforms require users to be at least 18 years old, as per government regulators. This is quite interesting since some early Bitcoin miners and adopters were minors. In the beginning, there were no regulations, but that has changed. Now, when opening an account, the user is required to submit an ID, and a request for opening an account will be denied if a user is younger than 18.

If you are younger than 18, these are the three best ways to acquire some crypto:

Ask your parents to open an account on your behalf and buy crypto on HODLify

This is the best way to get into the crypto world. Using the HODLify app, parents can open an account within minutes and buy cryptocurrencies for their kids. You can download the app here. Also, on our blog, there are many educational materials that can be useful when deciding how much and in which cryptocurrency to invest.

Bitcoin ATMs

The network of Bitcoins ATMs is expanding. There are even some Walmart stores with Bitcoin ATMs. Most Bitcoin ATMs work without identity verification, and the process is pretty straightforward - choose the amount of the Bitcoin and pay with cash or credit card. The downside is that the selection of cryptocurrencies is very limited - you can only buy Bitcoins (or a few other currencies).

Local cryptocurrency group

No matter where you live, there is probably a crypto group of enthusiasts that organize regular meetups, so you can go there and see if they are willing to sell you crypto. Make sure not to pay a single dollar before you see the transaction on the blockchain.