How to Buy Crypto Under 18 – Guide [Buy Bitcoin & Cryptocurrency]

Want to learn more about crypto?
Explore more on our blog!
Learn more
A man demonstrating how to buy crypto while under 18.
Table of Contents
A man demonstrating how to buy crypto while under 18.

Key Takeaways:

  • Many U.S.-based crypto exchanges have a minimum age limit of 18 for users
  • Minors can still acquire cryptocurrency through platforms that offer custodial accounts
  • Involving trusted adults, such as parents or guardians, can help mitigate risks

How to Buy Crypto Under 18

Cryptocurrency has been making headlines and capturing the interest of people across all age groups, including those under 18. 

If you’re a curious teen or parent looking to dive into the world of crypto, this step-by-step guide is exactly what you need! 

Navigate through legalities, finding a cryptocurrency exchange with fewer restrictions, and tips on how to make smart investment choices tailored especially for minors.

Legal and Regulatory Considerations for Minors Buying Crypto Like Bitcoin or Ethereum

Minors who want to buy or sell cryptocurrency, like Bitcoin or Ethereum, should know legal considerations, such as age restrictions and parental consent requirements, as well as risks associated with investing in crypto.

Age Restrictions and Legal Requirements

Navigating the world of cryptocurrency can be challenging for minors, as many U.S.-based crypto exchanges have set a minimum age limit for users. 

These platforms require individuals to be at least 18 years old before they can create an account to buy and sell Bitcoin or Ethereum.

Although it might seem frustrating for younger enthusiasts that want to invest in this burgeoning market, there are still ways for minors to gain cryptocurrencies legally.

One common method is through parental involvement—parents or guardians can purchase crypto on behalf of their children and transfer the funds into a reliable custodial crypto account designed specifically for underage users.

Risks and Considerations for Minors

Investing in cryptocurrencies like Bitcoin and Ethereum can be an exciting venture for minors, but it comes with its own set of risks and challenges. 

One significant concern is the volatile nature of crypto market prices.

There is always the risk of falling prey to scams and fraudulent schemes prevalent in the cryptocurrency space. Minors need to exercise extra caution when navigating various platforms to ensure they’re not being misled by offers that are too good to be true.

Involving trusted adults, such as parents or guardians, can mitigate some risks associated with investing in crypto like Bitcoin under 18. 

They can help guide you through potential pitfalls while ensuring age restrictions and legal requirements are met when investing on behalf of children.

Overall, minors should approach crypto investments responsibly and cautiously while seeking guidance from knowledgeable adults who have experienced navigating this complex landscape successfully.

Parental Involvement and Consent

Parental involvement and consent play a crucial role in allowing minors to invest in cryptocurrencies like Bitcoin or Ethereum. 

Since most crypto exchanges and wallets have age restrictions, parents can take an active part in guiding their children through buying and managing digital assets.

Besides helping kids navigate the complex world of cryptocurrency investments, parents should also discuss potential risks associated with investing in this space.

This includes explaining the volatile nature of crypto markets, stressing the importance of strong passwords and security measures for protecting digital assets, and staying informed about changing regulations that may impact their holdings.

What Are Restrictions of Exchanges for Minors Investing in Cryptocurrency?

If you’re under 18 and looking to buy cryptocurrency, it’s important to note that many exchanges have restrictions in place. 

Most US-based crypto exchanges require users to be at least 18 years old due to Know Your Customer (KYC) requirements and legal regulations.

To further complicate things, the Securities and Exchange Commission (SEC) has set a minimum age limit of 18 for all investors, regardless of their financial status. 

So even if you have the funds required to invest in cryptocurrency as a minor, reputable securities exchanges won’t allow it.

That being said, there are still ways minors can get cryptocurrency through various platforms that offer custodial accounts or by seeking guidance from trusted adults who can make purchases on their behalf.

Parents or legal guardians may also open custodial accounts with certain crypto exchanges specifically designed for children under 18. 

However, these options come with risks that must be carefully considered before investing any money into the volatile crypto market.

Step-by-Step Guide to Buying Crypto Under 18 

This step-by-step guide will walk you through buying crypto under 18, from setting up a wallet and account to executing the purchase.

Set up a Wallet and Account

To buy crypto under the age of 18, the first step is to set up a wallet and account. 

A wallet is like a digital bank where you can store your cryptocurrency. 

There are many types of wallets available, such as hardware wallets, software wallets, and custodial accounts offered by exchanges. If you’re just starting out, it’s recommended to use a custodial account provided by an exchange that supports minors.

Once you’ve chosen an exchange with age restrictions that fit within your range, setting up an account typically requires providing basic information such as name, email address, date of birth and creating login credentials.

After verifying your identity and age (depending on the platform regulations), adding funds to your account is simple using options such as debit cards or bank transfers.

Verify Identity and Age

To comply with legal regulations and avoid any potential issues, it is important to verify your identity and age before buying crypto under 18. Here are the steps to follow:

  1. Choose a reputable exchange or platform that allows minors to invest in cryptocurrency. Exchanges won’t allow minors to open accounts. Your two alternatives are P2P-exchanges or letting your parents buy crypto for you.
  2. Create an account by providing your basic personal information, such as name, address, and email.
  3. Verify your account by submitting a valid form of identification, such as a driver’s license or passport.
  4. Some platforms may also require additional documentation to verify your age, such as a birth certificate, social security number or student ID.
  5. Once your identity and age are verified, you can add funds to your account and start investing in cryptocurrency.

It is important to note that failing to verify your identity and age can cause legal consequences and potentially loss of investment. Make sure you follow the guidelines set by the platform or exchange you choose for buying crypto under 18.

Add Funds to the Account

Once you have set up your wallet and account, the next step is to add funds. 

There are various payment methods available, such as deposit verification or manually linking a bank account.

Some exchanges may also accept debit cards for purchasing cryptocurrency directly. It’s important to ensure that the payment method you choose is secure.

One thing to keep in mind when adding funds is the risk of scams associated with buying cryptocurrency. The Department of Financial Protection has a Crypto Scam Tracker where you can report and track scam activity related to cryptocurrencies.

Choose Cryptocurrency to Purchase

Once you’ve set up your wallet and account, verified your age and identity, and added funds, it’s time to choose which cryptocurrency to purchase. 

Here are some things to keep in mind:

  1. Do your research:
    It’s important to understand the different cryptocurrencies available and their potential for growth. Some of the most popular cryptocurrencies include Bitcoin, Ethereum, Litecoin, and Ripple.
  2. Consider market trends:
    Monitor market trends and fluctuations in price before investing in a cryptocurrency. Look at historical data and news stories that may have influenced previous drops or rises in value.
  3. Look for long-term potential:
    While it can be tempting to invest in a hot new cryptocurrency with explosive growth potential, it’s important to consider long-term viability as well. Look for cryptocurrencies with a proven track record and strong use cases.
  4. Be wary of high-risk options:
    Avoid investing in untested or high-risk cryptocurrencies that promise quick returns or seem too good to be true.
  5. Seek guidance from trusted adults:
    If you’re unsure about which cryptocurrency to purchase or how much to invest, seek guidance from trusted adults, such as parents or financial advisors.

Remember that investing in cryptocurrency carries risks just like any other investment opportunity. 

Be sure to take precautions like securing your assets with strong passwords and security measures while staying informed about changing regulations and policies related to buying crypto under 18.

Execute the Purchase

Once you have set up your crypto wallet and account, verified your identity and age, and added funds to your account, it’s time to execute the purchase of your chosen cryptocurrency.

First, choose the cryptocurrency you wish to buy from those available on the platform. For example, Bitcoin or Ethereum are both popular options.

Before confirming the transaction, double-check all details carefully: make sure that the amount entered is correct and fully understand any associated fees.

Tips and Best Practices to Invest in Crypto for Kids

To ensure a safe and successful investment in crypto, it is important for minors to conduct thorough research.

Avoid high-risk investments, secure your assets with strong passwords and security measures, seek guidance from trusted adults, and stay informed about changing regulations and policies.

Conduct Thorough Research

Before investing in cryptocurrency, it’s crucial to conduct thorough research. 

This is especially important for minors who may not have as much experience or knowledge in the space.

Start by learning about different cryptocurrencies and their associated risks and rewards. Research different exchanges and wallets where you can buy and store your cryptocurrency securely. 

Look for platforms that are reputable and have an excellent track record of keeping user funds safe. 

It’s also important to stay informed about changing regulations and policies related to buying crypto under 18, as laws surrounding this area can vary depending on location.

Avoid High-Risk Investments

When investing in crypto, it’s important to be cautious and avoid high-risk investments that could lead to significant losses. 

Here are some tips for avoiding high-risk investments:

  1. Research thoroughly:
    Before investing in any cryptocurrency, make sure you thoroughly research the investment opportunity. Look at the track record of the cryptocurrency, read reviews from other investors, and consider the potential risks and rewards.
  2. Consider diversifying your portfolio:
    By investing in a variety of cryptocurrencies, you can reduce your exposure to any particular investment. This can help you manage risk and potentially increase returns.
  3. Be wary of scams:
    Unfortunately, there are many scams in the world of cryptocurrency that target unsuspecting investors. Always be wary of investment opportunities that promise high returns with little risk or require payment upfront.
  4. Set realistic expectations:
    While it’s certainly possible to make money by investing in cryptocurrency, it’s important not to get overly optimistic about potential returns. Remember that all investments come with risk and reward trade-offs.

By following these tips and practicing caution when investing in crypto, you can reduce your exposure to high-risk investments and increase your chances of success.

Secure Your Assets With Strong Passwords and Security Measures

One of the most important considerations when investing in cryptocurrency, especially for minors, is security. 

It’s crucial to secure your crypto assets with strong passwords and implement various security measures to protect them from hackers and potential breaches.

This includes using two-factor authentication (2FA) when logging into your wallet or exchange account, avoiding sharing sensitive information online, and regularly changing passwords.

Parents should guide their children on how to store their crypto assets safely by using hardware wallets or offline storage options rather than keeping them solely online.

According to recent studies, up to 99% of all cryptocurrency hacks happen because of weak password protection or phishing attacks, where criminals trick users into revealing personal information that they use against them.

Seek Guidance From Trusted Adults

If you’re a minor looking to invest in crypto, it’s crucial to seek guidance from trusted adults. 

Here are some tips on how to do so:

  1. Talk to your parents or guardians:
    Let your parents or guardians know that you’re interested in investing in crypto and would like their guidance. Explain the risks and benefits of investing and have an open conversation about your goals.
  2. Reach out to a financial advisor:
    If your parents don’t have experience with crypto, consider reaching out to a financial advisor who can provide expert advice on investment strategies and portfolio management.
  3. Join online communities:
    There are many online communities dedicated to discussing crypto investments, including Reddit threads and forums. Seek communities where experienced investors share their insights and ask questions.
  4. Attend events:
    Many conferences and events are hosted specifically for those interested in cryptocurrency investments. Attending these events can help you learn more about the industry and meet experts who can provide guidance.

Remember, it’s essential to do thorough research before making any investment decisions. Seeking guidance from trusted adults can help ensure that you make informed choices that align with your goals and risk tolerance.

Stay Informed About Changing Regulations and Policies

As the world of cryptocurrency continues to evolve, it is crucial to stay informed about changing regulations and policies. 

Governments around the world are still figuring out how to regulate digital assets, and new laws are being introduced frequently.

For example, in some countries, there may be age restrictions or legal requirements for minors buying cryptocurrency. In other cases, regulatory bodies may introduce measures aimed at protecting investors from fraud or scams.


Where Can Minors Buy Cryptocurrency Safely?

Minors can buy cryptocurrency safely through the help of their parents or guardians, who will create an account with a reputable crypto platform. 

Most crypto platforms like Coinbase, Binance or Kraken impose a minimum age restriction of 18 years old for buying digital currency, but there are still some that allow minors to invest in cryptocurrencies with parental consent.

For example, Robinhood allows users as young as 16 years old to invest in Bitcoin and Ethereum using its platform with their parent’s approval through a custodial account.

Is It Legal to Buy Cryptocurrency Under 18?

In most countries, buying cryptocurrency under the age of 18 is considered illegal. 

This is because minors legally may not enter financial contracts or agreements.

However, there are some exceptions to this rule, depending on the country and its laws. For buying cryptocurrency, many exchanges require users to be at least 18 years old because of regulatory requirements. 

In addition, these platforms may also require identification verification processes that entail providing personal information, such as a passport or driver’s license, which could pose privacy concerns for younger individuals.

Do I Need to Provide Identification to Buy Cryptocurrency?

Yes, in most cases, you will need to provide personal identification documents when buying cryptocurrency. 

This is because many crypto exchanges and platforms employ Know Your Client (KYC) procedures to comply with regulations aimed at preventing money laundering and fraud.

Users may also be required to undergo various verification processes before being able to buy crypto, which could include providing proof of address or phone number.

Conclusion: How to Buy Crypto Under 18

Buying cryptocurrency under 18 can be a challenging process due to age restrictions and legal requirements. 

However, there are ways to invest safely and responsibly with parental involvement and careful consideration of the risks involved. 

By setting up a crypto wallet, verifying identity and age, adding funds, choosing the right cryptocurrency, and executing the purchase on a reputable platform, minors can start their journey into the world of crypto investing. 

It’s essential to do thorough research, avoid high-risk investments, secure assets with strong passwords and security measures, seek guidance from trusted adults, and stay informed about changing regulations and policies. 

With these tips and best practices in mind, teens can invest in crypto with confidence while minimizing risk and maximizing potential gains. Remember to start small and diversify your portfolio for optimal results. Happy investing! 


It is always recommended to consult a qualified attorney regarding any legal issues you may face. While we strive to provide helpful tips and advice, nothing on our website should be taken as legal advice.

An attorney can provide you with more informed advice tailored to your specific circumstances and needs.

Please note that the information provided here is not tailored to fit any individual’s needs or preferences, and it should not be taken as financial advice. Investing in cryptocurrencies or other digital assets is highly speculative, carries a high level of risk, and may cause significant loss.

Before making any financial decisions, we recommend you seek advice from an industry professional. We accept no responsibility for any losses incurred because of your reliance on the information contained.



The information provided on this blog is for general informational and educational purposes only. It is not intended as financial, legal, or investment advice. Cryptocurrency investments are volatile and high risk in nature; it is possible to lose your entire investment. We are not financial advisors, nor do we purport to be.

While we strive to provide accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or applicability of any information provided. The views and opinions expressed on this blog are solely those of the authors and should not be construed as professional advice. We do not endorse or guarantee the performance of any cryptocurrencies, projects, or companies mentioned herein.

Readers are encouraged to conduct their own research and consult with a professional financial and legal advisor before making any investment decisions. The owner of this website and the authors of its content will not be liable for any losses, injuries, or damages from the display or use of this information. Use of this information is at your own risk.

About the Author:
Morgan Davis, an expert in digital currency and economic analysis, offers a unique perspective on cryptocurrency within the global financial landscape. With a background in International Economics, Morgan's insights delve into how macroeconomic factors influence the crypto market. Their writing simplifies complex economic and cryptocurrency concepts, making them accessible to a broad audience. Morgan is actively engaged in discussions about the impact of blockchain on finance, and their work empowers readers to understand and navigate the world of digital currencies.