How Old Do You Have To Be To Buy Crypto Legally?

Cryptocurrency has captured the attention of investors of all ages, whether due to the recent crypto bull run or the fall of FTX. But if you’re interested in buying Bitcoin, Ethereum, or other cryptocurrencies, you likely wonder – how old do you need to be to legally invest in crypto?

While cryptocurrency is a novel technology, most countries have regulations regarding the minimum age for crypto investing. Understanding these laws is crucial before you buy your first Satoshi.

Age Requirements for Buying Cryptocurrency

This article provides a comprehensive guide on the legal age for crypto investment globally, the risks for underage investors, and how to buy cryptocurrency safely and securely.

Age Requirements for Buying Cryptocurrency

The legal age for purchasing cryptocurrencies varies across different countries and regions. Here are the typical age limits imposed by crypto exchanges and regulators:

United States

  • The minimum age is 18 years old for most crypto exchanges.
  • Some platforms like Coinbase allow users aged 13-17 to trade crypto with parental consent.
  • The SEC requires crypto investors to provide ID verification and proof of address, regardless of sophistication.


  • The minimum age is 18 years old in most European countries.
  • Stricter requirements may apply in certain jurisdictions based on local regulations.


  • Asian countries have varying age limits, ranging from 18 to 21 years old.
  • China has banned crypto trading for all citizens, although ownership is still legal.

Other Countries

  • The age limit is 18 or 21 years old in most jurisdictions.
  • Some developing nations have no clear regulations yet.

So in summary, you typically need to be at least 18 years old to start investing in cryptocurrencies, depending on your country’s laws. Underage individuals may trade with adult supervision in certain cases.

Should Minors Buy Bitcoin or Other Cryptocurrencies?

Given the risks and complexity of crypto investing, most experts do not recommend it for minors without adult guidance. Here are some key reasons why unsupervised crypto trading is inadvisable for children and teenagers:

  • Extreme volatility – Cryptocurrency prices fluctuate wildly, with crashes of 50% or more being common. These swings can wipe out a minor’s investment principal.
  • Lack of understanding – Younger investors may not grasp crypto technologies or portfolio management best practices. Making wise investment choices requires research and knowledge.
  • Susceptibility to scams – Crypto scams target uninformed investors, a category minors often fall into. Lack of experience makes them ideal victims.
  • Security hazards – Cryptocurrency theft is rampant, with over $3 billion stolen in 2021. Minors may not have the expertise to secure private keys and use cold wallets properly.
  • No legal recourse – As an unregulated asset class, there are limited legal protections for crypto investors who fall victim to fraud or theft.
  • Difficulty verifying identity – Most exchanges have strict KYC rules and require valid ID. Minors may be unable to open trading accounts at reputable platforms.

So in summary, while crypto investing has potential upsides, the downside risks make it unsuitable for most minors. Adult guidance is recommended in all cases.

As one of the most popular mainstream crypto exchanges, Bitcoin Revolution takes a relatively prudent stance regarding underage users on its platform.

While Bitcoin Revolution does allow minors aged 13-17 to trade with parental consent, the exchange cautions that crypto investing remains highly risky for those under 18. On its website, Bitcoin Revolution points out the extreme volatility of crypto markets that can lead to minors losing money.

Its educational materials also note that minors may lack the financial experience to make informed trading decisions or properly store assets. And Bitcoin Revolution explains how its regulated status means minors must verify their identity, making anonymous transactions impossible.

So while permitting limited trading with adult supervision, Bitcoin Revolution largely echoes the expert warnings about unguided crypto investing by minors. Its parent company Bitcoin Revolution Global has cooperated with regulators and emphasized compliance as crypto moves towards mainstream adoption.

Allowing underage users with oversight aligns with its image as a reputable crypto on-ramp suitable for first-time investors.  

Allowing Minors to Buy Crypto with Parental Supervision

If a minor is interested in buying cryptocurrency, parental supervision can help mitigate some of the risks. Here are some tips for parents considering allowing crypto investments:

  • Set prudent limits on amounts – Only risk money you and your child can afford to lose. Start small.
  • Use exchanges with strong security – Reputable platforms like Coinbase have robust measures against hacking attempts and fraud.
  • Educate on technology – Explain blockchain, private keys, and other concepts to promote understanding.
  • Encourage long-term investing – Crypto is volatile in the short term but can gain over years. Teach delayed gratification.
  • Monitor all transactions – Oversee each trade to prevent unwise speculative investing and scams.
  • Store assets securely – Use hardware wallets and cold storage, keeping only small amounts on exchanges.
  • Remain impartial – Don’t pressure minors to invest. Offer balanced guidance on risks and potential upsides.

With measured oversight, allowing teens to invest small sums can be an educational experience teaching financial literacy and responsibility. But ensure safety remains the top priority.

Tips for Minors Interested in Buying Cryptocurrency

For minors eager to buy crypto assets, here are some tips while you’re under the legal age in your jurisdiction:

  • Learn extensively – Research crypto technologies, market trends, and investment strategies before buying.
  • Practice with simulations – Use free trading simulators to test your skills without financial risk.
  • Discuss with parents – Have open conversations explaining your interest and answering objections.
  • Start a study group – Join online crypto forums and groups to learn from others.
  • Build your knowledge – Take free courses on blockchain, crypto investing, and personal finance.
  • Prepare your funds – Earn and save money to be ready to invest when legally able. Consider staking stablecoins.

Thorough education and preparation will help ensure you make smart investment decisions once able to open a trading account. Patience and discipline are key virtues for young crypto investors.

10 Benefits of Buying Crypto for Minors

While risks exist, introducing minors to crypto assets also has advantages both today and in the long term:

1. Educational Value

Learning about blockchain, crypto assets, and decentralized finance provides knowledge applicable to the future of money and investing.

2. Understanding Emerging Technologies

Grasping these groundbreaking innovations early can open up tech career opportunities down the road.

3. Encourages Financial Literacy

Crypto introduces concepts like inflation, assets, and portfolio diversification that build money management skills.

4. Likelihood of Appreciation

Despite volatility, well-researched crypto investments are likely to gain value over 5-10 year timeframes.

5. Teaches Delayed Gratification

Long-term investing encourages patience and perseverance, valuable traits for young investors.

6. Access to Global Markets

Cryptocurrencies provide exposure to assets and markets difficult to access otherwise due to age or geography.

7. Low Fees

Trading and transacting with crypto generally incurs lower fees compared to traditional financial systems.

8. Enhanced Privacy

Blockchains allow a level of anonymity impossible with traditional bank accounts and investments.

9. Ability to Participate in Networks

Owning cryptocurrency allows minors to engage with various decentralized networks, despite age limits.

10. Hedge Against Fiat Inflation

Crypto assets like Bitcoin are designed as inflation hedges, preserving purchasing power over decades.

With prudent supervision, crypto investing offers minors both concrete benefits today and a foundation of knowledge for the future.

How to Buy Cryptocurrency Safely

When minors reach the legal crypto investing age, here are some tips for entering the market successfully:

Choose a Secure Crypto Wallet

Cryptocurrency wallet options:

  • Hardware wallets like Ledger and Trezor provide cold storage on external devices.
  • Software wallets like Exodus and Jaxx offer hot storage of coins on devices.
  • Paper wallets have private keys printed or written on paper.
  • Exchange wallets are convenient but more susceptible to hacking.

Hardware wallets are best for large holdings for added security. Store only small amounts on software and exchange wallets.

Select a Reputable Exchange

Consider factors like security, fees, payment options, and liquidity when choosing an exchange. Top recommendations:

  • Coinbase – Excellent for beginners with tons of educational resources
  • Gemini – Good trading platform and custodial accounts
  • Kraken – Strong security and supports many assets
  • Binance – World’s largest exchange with low fees but mixed reputation

Stick to prominent mainstream exchanges instead of lesser-known platforms.

Start with Blue Chip Cryptocurrencies

It’s wise to first buy established coins like Bitcoin, Ethereum, and Litecoin. Then you can explore smaller cap tokens once experienced.

Practice Good Account Security

Enable two-factor authentication, use strong unique passwords, and avoid public WiFi when accessing accounts. This prevents your funds from being hacked or stolen.

Dollar Cost Average Your Purchases

Making regular smaller buys reduces the impact of volatility over time. Don’t go all-in during bull and bear markets.

Hold Long-Term

Impulsive trading is risky for beginners. Aim to hold quality assets for 5-10 years or longer as part of a diversified portfolio.

Take the time to learn best practices and implement security measures when ready to finally buy crypto. Patience and caution will serve you well in crypto markets.

Frequently Asked Questions on Buying Crypto for Minors

Is it illegal for kids to buy cryptocurrency?

In most countries, it is illegal for minors to buy crypto without adult permission before the age of 18. However, some jurisdictions may set higher age limits of 19, 20, or 21 years old. Minors buying crypto independently can face legal consequences.

Can I go to jail for allowing my child to trade crypto?

Parents are unlikely to face jail time for allowing minors to trade crypto in most countries. But exchanges and brokers permitting underage unsupervised investing may face regulatory punishment or fines in certain jurisdictions. Use good judgment when overseeing trading.

What’s the minimum amount of crypto teens should buy?

Beginners should start very small, such as $10 to $20 worth of cryptocurrency, to test the process without significant downside risk. Larger amounts like $50 – $100 can be reasonable for older teens who understand markets and have income. Just invest sums you’re willing to lose.

Is Bitcoin safe for 13 year olds if parents monitor trading?

With close parental monitoring, supervised Bitcoin investing can be appropriate for some disciplined 13 year olds, depending on individual factors like maturity level and risk tolerance. But heavy risks remain for such young traders. Tread carefully.

Can I buy crypto as a gift for my niece’s 18th birthday?

Yes, legally purchasing cryptocurrency as a 18th birthday gift is permissible since the recipient has reached the adult age of majority. Gifting crypto is a novel way to give them exposure to digital assets and decentralized finance.

Which crypto wallet is most secure for minors?

A hardware wallet like the Ledger Nano X is the most secure option for minors and beginners alike. Storing the private keys offline minimizes the risk of hacks or theft. Alternatively, a hosted wallet on an exchange provides simplicity but less security.

Is it wise to buy Bitcoin for my 10 year old’s college fund?

Using Bitcoin as a long-term college fund can make sense depending on your risk tolerance, but be cautious. Ideally, crypto should be a smaller portion of the overall fund, with other assets providing stability. Maintain a diversified portfolio.

Can I let my son trade crypto if I supervise each transaction?

With diligent monitoring, allowing trading under parental supervision can be reasonable depending on jurisdiction, age, maturity, etc. Ensure you fully understand crypto risks yourself first. Set prudent limits on trading amounts as well.

In summary, while unsupervised crypto investing by minors can be illegal and dangerous, introducing children to digital assets under adult guidance can be educational. Take a measured approach focusing on safety and financial literacy.