How to trade crypto if you’re under 16 

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According to a recent studу, Millenials are showing more interest in Bitcoin than any other age group. Damn right! But why is everyone cool talking crypto?

Crypto is the future. In a few short years it has been around it has introduced stunning prospects to the world and made quite a few dreams come true. A student? A crypto fan? Young people are making things happen just as well as hardcore crypto whales.

So you’re young. This means that you’re a person but from the system’s point of view not really. You may be able to get a bank account – or not – depending on where you are – but you’re not old enough to drive or make real money. It’s just the way it is.

Well, we say “it is” is wrong. And you should have the freedom to do, be or have anything you want.

Screenshot 1 - How to trade crypto if you’re under 16 Warning! Any good thing can be abused. Even drinking too much water will kill you let alone substances and money. If you’re going to trade, make sure you do so legally, while following all the rules, and always do your research.

Keep in control at all times, play the game, and don’t let the game play you.

How can you use crypto if you’re young, and what will that get you?

Freedom is about money. We think that the educational and pedagogical systems that have been in place are hopelessly obsolete. Schools and parents teach us things we’ll never use in real life but completely fail us when it comes to learning the things that actually matter. How to love someone and not get a divorce. How to travel the world. How to budget so you never get into trouble financially. How to become a productive member of society and help others. How to make the world a better place.

The bad news? For all that you need money. The good news? Money can be made, and if you know what you’re doing making $100-$200 a day out of thin air is a cakewalk. And THEN you can start living life the way everyone is dreaming of:

  • Save enough money in 3 years to buy a house next door to Ibiza 
  • See a psychologist every week and get so good at people skills that everyone loves you 
  • “Sail across the Pacific Ocean on a sailboat, surrounded by sea with no land in sight, without even the possibility of sighting land for days to come
  • Have a meal in Paris, at L’Ambroisie, at the Place des Vosges
  • Feel the warmth of a woman and a cool set of sheets and one more night of jazz at the Vanguard
  • Stand on the summits and smoke Cubans and feel the sun on your face for as long as you can
  • Sit in the garden and read one more good book”

Rewatch The Backlist, Brooklyn 9-9, and Hawaii 5-0 in Bluray 3D VR AR.

What do you need? Money, smarts, and a trading platform.

How do different countries treat underage trading?

Bitcoin has been making colossal strides since it’s been introduced. In a few short years, crypto has been made legal in more or less the whole world. There are a few countries that prohibit Bitcoin, like Algeria, Egypt, Morocco, Ecuador, and so on. Paradoxically, these are all countries that are struggling financially.

Bitcoin is legal all the way in wealthy and successful countries like Switzerland and Denmark where the government is doing everything it can to make crypto happen.

The beauty of crypto, however, is that it surpasses all boundaries. All you have to do if you want to be truly free, regardless of where you are in the world, is use TOR, take security precautions, and, if your government says Bitcoin should be taxed, file taxes on your crypto income.

Hang on a sec! Also, before you get carried away, we have to warn you to trade responsibly, follow the rules, work diligently with feedback, and never break the law.

Where to get your starting capital?

Now, the chances are that if you’re living in Europe, you’re probably either thinking about a credit card or you already have one.

People normally have thousand-dollar debts like university fees to pay off, so getting a credit card so you can make money is not as bad an idea as it may seem. Lipton founded his tea empire by borrowing a million dollars – and it didn’t turn out too badly. A lion’s share of business all the way through history started by borrowing, and it turns out $40 a month for a $1000 credit card is not a lot of money. You can make way more than that in a day.

Other ways include saving money (which is less stressful), renting out a couple of rooms in your house to hot chicks, getting passive income by using a referral program that generates profits from users that trade using your link, or entering a demo tournament and making money using your skills with zero starting capital. Sounds too good to be true? It all is. Try it!

Where can I register for trading if I’m not 18?

You can’t trade on Forex if you’re not 18 and pretty much everywhere else you’ll need to submit a passport. But! The wonders of cryptocurrency are such that to register at many crypto exchanges you don’t need a passport.

Once you’re a part of the great crypto Gulfstream, all you have to do is relax and let the current carry you. Buy low, sell high. Listen to the news, analyze, predict, and make your own life happen using nothing but your genius, determination, and fearlessness. Be your own action hero.

Which exchanges can I get registered at with no KYC?

Binance, Bybit, Nominex, Bitman, Kucoin, and many others offer the option of requiring no KYC on entry, which means you don’t have to provide your passport. If you’re concerned about safety, don’t be. KYC will still be required to withdraw large amounts, so regulations are abided by, and you always ought to choose a licensed exchange if you’re going to get into trading.

Why Nominex is the best option

There are a few exchanges around but few have been specifically designed to include the young generation like Nominex. This a whole new platform that has been built to include gamification, customization, mobility, a beautiful interface, simplicity, quests, integrity, and plenty of other features that young people find attractive. How does it work?

The Nominex team has done a lot of research into what young people like. We happen to know that young people are the future (like crypto), so the exchange was built around the characteristics Millennials find the most appealing:

  • Integrity
    Nominex is based on blockchain, which means you can verify everything that ever happened – and it’s out for everyone to see. Plus Nominex is licensed, and unlike others, it has never been hacked.
  • Mobility
    Optimized for mobiles, Nominex can go anywhere you can. It’s also recommended to use Tachyon VPN because it’s decentralized, meaning its power to avoid government trackage is absolute.
  • Customization
    Want to use NMX tokens to reduce trading fees? Done. Want to not only trade but make a profit on your referrals? Done. Want to get educated or relax and have fun playing games or reading philosophical and sci-fo articles? Done.
  • Simplicity
    No boring monoliths of code. A funky blog written by awesome people, a simple, sleek, UI allows getting anywhere within 3 clicks.
  • Games
    The tournaments at Nominex are more than just a lifesaver. They’re also fun and risk-free, a whole gamification system is coming that will make things more interesting than playing CS:GO and Just Cause 3 (but not 4=). Hang on to your seatbelt

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About Author

Ethan Hunt

Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past. Also, pro-local, pro-global and anti-national.

Disclaimer: All content found on 7bitcoins.com is only for informational purposes and should not be considered as financial advice. Do your own research before making any investment. Use information at your own risk.

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