So you are under 18 and want to know how to buy and sell cryptocurrency being a teenager? Then you are in the right place. The cryptocurrency market is booming so it is understandable that you may also want to join this growing market and get in on the cryptocurrency trend, right?
Let me say up front, I am not a financial advisor, lawyer, or law enforcement officer. You need to understand the laws on buying and selling crypto based upon where you live in the world. When I was eleven or twelve years old I was heavy into buying and selling coins. I accumulated a massive coin collection of silver half dollars, mercury dimes, wheat peenies, buffaloe nickels, etc. In many ways I see
crypto in the same light. It should go without saying that if you are under 18 years old and you want to start investing in cryptocurrency or collecting NFT’s you should be doing so with your parent’s blessing.
Getting involved in crypto is very simple once you get some crypto but how do you start? No one is going to give you free crypto for doing nothing, yeah there are some sites where you perform small tasks and earn fiatt or crypto, but many are not reputable. You will find many reputable ways and ideas to make monty online and offline as a teenager here. https://saveyourbucks.com/make-money
There is an article here that you may find insightful and give you some ideas. It discusses 14 Ways to Make Money as a Teenager.
You may not have credit or debit cards to use but do you know you can still buy and sell cryptocurrencies. You have cash but can’t get that in the bank but still, there are methods to get involved in crypto.
In this article, we will check out all possible methods through which you can buy and sell cryptocurrency under 18. You can also check out the the article on hotspot mining here, because maybe your parnets will allow you to lease a box and plug it up in your home to create cash flow.
How To Buy and Sell Cryptocurrency Under 18
There are many legal methods where underage people can trade cryptocurrencies without any hassle.
As of now, there are more than 34K ATMs are installed in more than 70 countries which allows people to transact in Bitcoin, Bitcoin Cash, Ethereum, DASH, and Litecoins.
The Crypto market is still in its early age you may find ATMs at far distances. Use CoinATMRadar to find Bitcoin ATMs near you.
LocalBitcoins is a Peer 2 Peer bitcoin exchange platform founded in 2012. It operates in more than 270 countries and covers more than 17K cities from these countries.
Like other centralized exchanges, it also asks its users for verification but it has very minimal and underage people can also use it to buy cryptos.
Note: There are many fake and scammers who do use this platform so as a newbie you make sure you are dealing with the trusted person by checking their ratings and number of previous deals.
Apart from LocalBitcoins, there are some alternatives that can be used to purchase cryptocurrency by kids under 18. Sites like LocalCoinSwap, Paxful, and Remitano are the best and most trusted places to get cryptos in exchange for cash.
P2P exchanges are not always safe hence you have to make sure that you are dealing with a legit person. Also if you are making any deal offline then make sure to do that in public places.
Use Facebook Groups
Facebook groups have huge communities there are some trusted groups where you can make deals with. But there is more risk, as you don’t know the real person behind the profile and intention of his.
If there are any legit groups you joined then do deals through Group Admins only else leave it. Also start a deal for small amounts like $20, $50, or $100.
Use Crypto Forums
Cryptocurrency forums like BitcoinTalk have many legit and trusted buyers who deal offline and online as well. They have reputations on their profile so you can know who is legit and who is scamster but still make sure you follow proper precautions.
We hope this article has stimulated your mind and given you some possible ways to make extra income and earn cryptocurrency, even if you are under 18 years old. We want to encourage you to continue your self-education journey. The best advice I can share with you is be careful who you listen to. Always ask yourself, who is this person, and why should I be listening to them? One of my mentors on my journey was Jim Rohn. If you are not familiar with him, I suggest you become familiar with his work. Mr. Rohn said ……….
Formal Education makes you a living, If you become self-educated your can create a Fortune.