Many teenagers are interested want to know hogyan működik a bitcoin. They want to learn more about this new financial instrument and see how it works.
However, they can’t do this without a parent’s help. That’s because US investors under 18 (minors) cannot invest in cryptocurrencies on their own.
1. Find a wallet
Most regulated crypto exchanges and apps don’t allow minors to buy or trade coins. This is due to KYC and AML regulations.
As a result, teens who want to buy bitcoin are often faced with two options: find a way around the age restriction or find an adult to help them. One option is to get a custodial account or a designated crypto app that will invest on their behalf.
While these options may be helpful, they also come with their own risks. For example, a custodial account can become subject to tax consequences.
Another option is to use an exchange that allows teens to buy crypto with cash. This will give them a chance to explore the technology and make sure it’s safe before they invest their own money.
A final option for teenagers who want to purchase bitcoin is to find a local crypto meetup group or ask for a recommendation. These groups are likely to be happy to teach and encourage their members to explore the blockchain.
2. Find a seller
If you’re a teenager and interested in buying bitcoin, there are a few ways to do so. One option is to find a seller who is willing to sell you a small amount of bitcoin.
Alternatively, you can buy bitcoin through a broker or the Bybit https://www.bybit.com/en-US/ exchange. However, most major exchanges require you to be at least 18 years old to open an account.
You can also use a custodial account, which an adult opens on your behalf. This is a great way to get your teen involved in cryptocurrency and help them learn about financial literacy and technology.
It’s important to remember that investing in cryptocurrencies is highly speculative and there are a lot of risks associated with it. This is why it’s best to start learning about cryptocurrencies when you’re young and only invest a small amount of money at first.
3. Make the payment
There are a few ways for teens to get their hands on cryptocurrency. One is through an exchange-traded fund (ETF).
ETFs are investments that represent a diversified group of company stocks, much like mutual funds.
But they aren’t necessarily the best way for a minor to get involved in crypto. They’re also publicly traded, so their price can fluctuate with the market.
Luckily, there are also a few perfectly legitimate ways for teenagers to buy crypto without breaking the law or getting in trouble with an exchange.
First, they can start by opening a custodial account with their parents. This is an excellent way to learn about the technology as a team and to monitor its rising and falling value together.
4. Keep the receipt
In the digital age, teens are increasingly reliant on online banking and other forms of virtual cash. As a result, they have begun to look to crypto for savings and investments that could one day pay for college tuition, a new car or even a trip abroad. Unfortunately, this is not an easy feat to pull off.
There are a few things you should be aware of before you take the plunge. First, be sure you have a secure wallet with strong passwords that can’t be hacked. You should also choose a trustworthy seller. Then, keep a receipt. This will help you prove your purchase. Finally, remember to make a list of all your purchases, so you can easily compare them later on. The more information you have, the better off you’ll be. Ultimately, crypto is a great way to invest your money in a way that’s safe and secure, with minimal hassle and risk.