Due to government compliance measures on Know Your Customer (KYC), most crypto exchanges will not allow you to buy or sell cryptocurrencies if you are under 18.
This is a problem for minors who want to start investing in cryptocurrencies. However, there are ways to get around this age limit if you want to know kde koupit bitcoin cash.
Crypto exchange Bybit
While the laws around buying and selling cryptocurrency are still in their early stages, there is no age limit in most countries to trade on a crypto exchange. Some even allow for purchases at ATMs without needing an ID or a bank account.
Bybit is one of the most popular cryptocurrency trading platforms that allows traders to trade in bitcoin and other cryptocurrencies with no minimum deposit. It also has a strong reputation for providing excellent customer support and a wide range of features.
The main interface of Bybit is simple and easy to use, enabling traders to easily monitor their trading activities and assets. In addition, users can receive price notifications and instant support.
Bybit https://www.bybit.com/en-US/ provides its users with a secure environment that is fully compliant with BVI law and regulations. It aims to keep user information safe and private through SSL-encrypted communication, and the use of multi-signature wallet addresses. This ensures that Bybit is extremely difficult to hack and makes it more difficult for attackers to steal funds.
Crypto exchange LocalBitcoins
LocalBitcoins is a peer-to-peer exchange that allows users to buy and sell bitcoin in their own country. It offers a wide variety of payment methods and is one of the fastest ways to buy bitcoin.
However, it is important to be aware of some risks that may arise from using this platform. Scammers may try to trick you into releasing Bitcoins without sending payment, or even reversing a transaction weeks or months after the trade has occurred.
The easiest way to avoid these scams is to check that the user’s real name matches their payment information. This ensures that you’re dealing with someone who is trustworthy.
It’s also a good idea to limit your advertisement to only users who have verified their ID with LocalBitcoins. This will help prevent fraudsters from gaining access to your account and trading your coins.
Crypto exchange Bisq
Bisq is an open-source desktop software that allows anyone to buy and sell bitcoin without the hassle of KYC or verification. Its founders believe in user privacy, security, and censorship resistance.
In short, it’s a peer-to-peer exchange that uses blockchain to connect traders. This means that Bisq has zero centralized entities having access to your account or your funds, making it an excellent choice for young investors who want to trade crypto without a third party.
After downloading Bisq to your computer, you need to write down your wallet seed and store it in a safe place. You’ll also need to backup your data on a regular basis.
Once you’ve backed up your data, you can start trading. The process is similar to buying on other exchanges, but with lower trading fees and no KYC requirements.
To make a trade, click on the seller’s offer and choose an option. Next, you’ll see the seller’s payment details and an indicator letting you know how many confirmations they need to receive your payment before sending it. Once the timer reaches zero, send your payment through your agreed-upon payment method.
OTC
If you’re a teenager, you might be wondering how to buy bitcoin under 18. There are a few ways to do it, but the most reliable way is through an exchange.
If a company is listed on an exchange, they are required to provide lots of information about their finances and operations. This can help investors understand their risk level and find a suitable investment.
However, companies that trade on the OTC market are not regulated and often do not provide the same kind of data. This can make it difficult to determine whether a company is legitimate or not.
Nevertheless, there are some companies that trade on the OTC that may be worth investing in. They could be well-established firms or new companies with promising growth potential.