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Under 18 and want to trade Crypto

Binance

Cryptocoins Exchanges / Binance 53 Views

Hello all, I'm from Australia and underneath 18 (however above 16) and want to commerce crypto underneath my very own identify. I've the legal paperwork and every part, I simply needed to seek out exchanges I can use to swap fiat for crypto.

I'm conscious that Binance has an age requirement of 18 and needed to see what options there are.

I have tried Coinspot and have been very disillusioned with their stupidly excessive 1-2.5% spreads and thought of Bybit an alternate nevertheless the next has been said in their TOS:

"5.1You have to be at the least 18 years of age to access and use the Website and Platform. You additional affirm that you are absolutely in a position and competent to enter into the terms, circumstances, obligations, affirmations, representations, and warranties set forth in these Phrases, and to abide by and comply with these Phrases. It's essential to register with the Company to use the Website and the Platform; you agree to offer complete and correct info when registering to make use of the Website and the Platform, and to maintain that info updated."

TLDR; Coinspot is making an attempt to rob me and I CAN use Bybit (illegally)

if there are some other options, please recommend underneath 18 pleasant exchanges that aren't making an attempt to rob me blind

Edit: I've thought-about using Moonpay by means of metamask nevertheless I have tried it multiple occasions prior to now and it has never worked (on prime of the crazy high fees). I also favor CEX as I need to buy/trade AND sell for FIAT every so often.

Edit 2: Unfortunately the one BTC/ETH exchanges are a number of hours away and even then the fees are something like 10% which is unreasonable.

I also need to clarify that I am NOT utilizing FUTURES, I'll only be utilizing the spot market going long/brief with 1x LEVERAGE.

The only challenge is the FIAT -> Crypto -> FIAT transaction that I can't do resulting from age restrictions on CEXs.

Edit three: Thanks for all of the replies everybody, I've determined to make a coinspot account -> withdraw into MM (then link to my ledger) -> trade utilizing DEXs -> Deposit into coinspot -> Withdraw into fiat.

submitted by /u/CrustyDumpling1
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