cryptocurrency widget, price, heatmap
Burger icon
cryptocurrency widget, price, heatmap
News/How Old Do You Really Have to Be to Buy Crypto?

How Old Do You Really Have to Be to Buy Crypto?

Van Thanh Le

Oct 10 2023

9 months ago4 minutes read
Robot celebrating what age can you start investing in crypto

Table of Contents

SectionKey Points
The Age-Old Question: How Young Is Too Young for Crypto Investing?Standard age for crypto investing is often 18, but exceptions exist. Age restrictions differ globally. Erik Finman became a millionaire by 18 after buying Bitcoin at 12.
What's the Legal Age to Dive into the Crypto World?Most centralized exchanges like Coinbase and Binance.US set the age requirement at 18. No explicit law against minors, but exchanges set age limits to mitigate risk.
Can Minors Get a Piece of the Crypto Pie?Minors can invest through custodial accounts like UGMA. Apps like Step require an adult sponsor. Decentralized exchanges offer no-age-barrier platforms but are riskier.
What Are the Risks for Young Investors?Risks include lack of experience, potential for financial loss, emotional decision-making, and susceptibility to scams.

The Age-Old Question: How Young Is Too Young for Crypto Investing?

Teenager and parent discussing how old do you have to be to buy crypto.webp

"How old do you have to be to buy crypto?" is a question that's top of mind for many aspiring investors. While the standard age is often 18, there are exceptions. Take Erik Finman, who bought Bitcoin at 12 and became a millionaire by 18. Age restrictions vary globally, making it essential to know the rules in your jurisdiction. 

So, what age can you start investing in crypto? The answer is complex but crucial for those eager to enter this dynamic market. Stay tuned as we delve deeper into the age factor in crypto investing.

What's the Legal Age to Dive into the Crypto World?

Young adult wondering do you have to be 18 to buy crypto.webp

You're itching to dive into the crypto universe, but there's a catch: your age. So, how old do you have to be to buy crypto? The most common age requirement is 18. That's the golden ticket for major platforms like Coinbase and Binance.US

While there's no law explicitly saying, "You're too young for crypto," centralized exchanges set the age bar at 18. Why? Because crypto is a high-stakes game, and they don't want to be the ones handing out dice to minors.

Is Age Just a Number? Pros and Cons of Age Restrictions

Alright, let's dissect this. Why 18? Why not 16 or even 21? Age restrictions aren't arbitrary; they serve a function. On the plus side, they act as a safeguard. Think about a 15-year-old navigating the choppy waters of crypto; it's risky business. That's why these age barriers exist—to mitigate risk and align with existing financial regulations.

But wait, there's a flip side. By imposing age restrictions, we're essentially putting a padlock on financial literacy. Teens get sidelined from learning about crypto, an asset class that's more than just a trend—it's the future. 

And let's talk about FOMO. While the 18-and-over crowd is potentially striking digital gold, the younger generation is left watching from the bleachers.

So, the age restrictions in crypto are a mixed bag. They offer a safety net but also rob youngsters of early financial literacy and investment opportunities. If you're under 18 and eager to jump in, maybe it's time for a serious chat with the folks.

Can Minors Get a Piece of the Crypto Pie?

Young friends excited about cryptocurrency for teenagers.webp

The crypto world isn't just for adults. Minors have options too, and they're more diverse than you might think. Parents can set up custodial accounts like UGMA (Uniform Gifts to Minors Act) accounts to invest in crypto on their kids' behalf. Companies like EarlyBird offer this service, allowing investments in Bitcoin or Ethereum.

But wait, there's more! Apps like Step let minors buy and sell Bitcoin, but they do need an adult sponsor to get started. These platforms require an adult sponsor but open the door to the world of cryptocurrency for teenagers.

For the daredevils, decentralized exchanges offer a no-age-barrier platform, but remember, they're riskier and don't deal in fiat currencies.

Lastly, parents can gift crypto to their kids by setting up a digital wallet or handing over a hardware wallet. It's like giving financial literacy wrapped in a bow!

Real Stories: Teen Crypto Millionaires

Ever heard of Youssof Altoukhi? He started dabbling in crypto at 13 and sat on a seven-figure crypto fortune then. He even launched his own cryptocurrency, Y Coin, aiming to make crypto accessible for everyone. With a massive following on social media, he's a teen icon in the crypto space.

Then there's Benyamin Ahmed, who raked in £110,000 from a single NFT sale at just 12 years old. His NFT collection has netted £3 million from resales. He's not just making waves; he's practically a tsunami in the crypto world!

What's the Global Perspective? Age Restrictions Around the World

In the U.S., UK, Canada, and Australia, you generally have to be 18 to open a crypto account. For those aged 13-18, parental consent usually comes into play. But hey, age is more fluid in the crypto world than you might think. 

Take Japan, for example. Until April 1, 2022, you had to be 20 to engage in crypto transactions. Now, the age has been lowered to 18, opening doors for more young enthusiasts.

What Are the Risks for Young Investors?

Minor curious about how old to invest in crypto.webp

Wondering "How old do you have to be to buy crypto?" But age isn't the only factor to consider. It's crucial to understand the risks involved, especially if you're a young investor.

  • Lack of Experience: The crypto market is a rollercoaster. If you're not well-versed in financial literacy, you might find yourself making poor choices.
  • Potential for Financial Loss: The high volatility means you could lose a lot, especially if you're not sure how old to invest in crypto and start without adequate research.
  • Emotional Decision-Making: Young minds are often swayed by trends and emotions, which can be your downfall in this unpredictable market.
  • Scams and Fraud: Young investors are more susceptible to scams like pump-and-dump schemes.

How to Mitigate Risks: A Guide for Young Investors

Alright, now that we've covered the dark side, let's talk solutions. How can young investors protect themselves?

  • Educational Resources: Knowledge is power. Utilize online courses, webinars, and articles to get a solid crypto foundation.
  • Parental Guidance: If you're underage, it's wise to consult your parents or guardians. They can provide valuable insights and maybe even share the financial burden.
  • Diversification: Don't go all-in on Bitcoin or any other crypto. Spread your investments to cushion any potential blows.

Are There Age-Specific Crypto Platforms?

Now, what if I told you there are platforms designed just for young investors? Let's take a quick look:

1. EarlyBird

  • Features: Simplified access, top-notch security, educational resources, and community-driven contributions.
  • Limitations: Mainly targets parents investing for their kids.

2. Step

  • Features: A one-stop-shop for budgeting, spending, saving, and investing. Offers both crypto and stock trading.
  • Limitations: If you're under 18, you'll need parental oversight. Also, it's a new platform, so long-term reliability is still up in the air.

There you have it! Whether you're a young investor or a parent, understanding the risks and knowing how to mitigate them can make your crypto journey a lot smoother. Stay savvy and invest wisely!

FAQs About the Age to Buy Crypto

1 What's the Legal Age to Buy Crypto?

The most common legal age to buy cryptocurrency is 18 years old. However, this can vary depending on jurisdiction and the platform you're using. Always check the terms and conditions of the exchange you're interested in.

2. Can Minors Invest in Crypto?

Yes, minors can invest in crypto, but usually with parental consent or through a joint account. Some platforms even offer educational accounts for minors. Parental guidance is strongly advised.

3. Are There Risks for Young Crypto Investors?

Absolutely, the risks include lack of experience, potential for financial loss, and the volatile nature of the market. It's crucial for young investors to educate themselves and possibly consult with a financial advisor.

4. Are There Any Platforms Specifically for Young Investors?

While there aren't platforms exclusively for young investors, some are more user-friendly and offer educational resources. These platforms may be a good starting point for younger audiences.

5. How Can I Mitigate Risks as a Young Investor?

To minimize risks, start by educating yourself through reliable sources, perhaps even take a crypto course. Consider starting with a small investment that you can afford to lose, and always keep track of the crypto market cap and crypto price.


How old do you have to be to buy crypto? While 18 is often the legal benchmark, there are avenues for younger enthusiasts, such as parental co-signing. The essence here is not just about age but also about preparedness and responsibility. 

For both young crypto aficionados and their parents, the crypto landscape offers a wealth of opportunities and risks. What age can you start investing in crypto? Technically, any age, but the real investment is in arming yourself with knowledge and exercising caution.

This article has been refined and enhanced by ChatGPT.

cryptocurrency widget, price, heatmap
v 5.6.33
© 2017 - 2024 All Rights Reserved.