We will explain the age restrictions for account opening, registration, and usage at the overseas virtual currency exchange Bybit. As it is one of the top virtual currency exchanges in the world, it has a large number of registered users. Due to this background, there are many users of various nationalities and age groups. Under such circumstances, can those who wish to register be able to register even if they are unemployed or underage?
Registration of minors
Bybit has no age limit. In other words, both minors and elderly people can trade virtual currency. Therefore, even if you are a student, you can open a school without parental consent. The problem is getting the money in there. You must be at least 18 years old to make deposits on Bybit. The methods that can be used to deposit into Bybit include virtual currency and credit cards, but remember that in many cases, you must be 18 years or older to create a credit card. Other exchanges have age restrictions, which makes it easier for people to make deposits and withdrawals.
Registration of unemployed and housewives
Currently, Bybit does not have any restrictions regarding occupations, so there is a high possibility of being verified. In other words, whether you are a housewife or unemployed, you can open an account and start trading immediately. There is no field to enter your annual income when opening an account, so you won’t be asked for much and Bybit management won’t know about it. It is recommended because you can start with maximum leverage.
No need to submit identification documents
Bybit has the advantage that you can start trading without verifying your identity after opening an account. When registering at a virtual currency exchange, you are basically required to submit identification documents when opening an account, but Bybit does not have that process. However, please note that if you do not verify your identity, there will be a limit on the amount you can withdraw. Also, considering security, it is better to do KYC. In addition to a password, the KYC service requires confirmation of your identification card (driver’s license, My Number card, passport) as information.
Account opening time
Abrir una cuenta Bybit lleva entre 5 y 10 minutos como máximo y puede abrirla de inmediato en Jino. Además, puedes abrir una cuenta gratuita, por lo que no hay ningún riesgo. Bybit te permite retirar hasta 2 BTC por día sin verificar tu identidad. Por lo tanto, puede empezar a operar inmediatamente. Puede abrir una cuenta a continuación. Si accedes y tienes tu correo electrónico o número de teléfono, puedes salir inmediatamente e iniciar sesión.
How Minors Trade Cryptocurrencies
As mentioned above, even unemployed people and housewives can sign a contract and start trading virtual currencies right away, but if you are a minor, it is difficult to start trading right away because of restrictions on credit cards and other exchanges. Therefore, we will summarize and explain how minors can open an account and trade. Bybit, a cryptocurrency exchange, allows you to easily click and trade using the app, so it is recommended for everyone.
Account opening and deposit/withdrawal in the name of the parent
There is a way to open an account in your parent’s name. And deposits and withdrawals will not be refused if you use a credit card in your parent’s name. It is the child who actually trades, but if it is in the name of the parent, there is no problem.
You can also rely on older brothers, sisters, and other relatives at home as well. However, when you trade, make sure you do it with surplus funds. If you overinvest and lose money and struggle to make ends meet, you will end up with nothing. The principle of investing is to trade with your surplus money.
Tax if profit
There are some caveats. If you make a profit from trading, you must pay taxes to the tax office. Profits earned from virtual currency are recorded as “miscellaneous income.” Also, please never say that you have not filed a report. Because there’s no benefit to him at all. In addition, Bybit has a wide range of bonuses and campaigns compared to domestic and overseas companies, so you can make a profit from these as well. Bybit allows you to download transaction history for each category, so you can use it for tax return.
General theory of virtual currency exchange
The general theory of virtual currency exchanges is that they do not go through the same rigorous screening process as opening a bank account or submitting documents to a government office. To put it simply, the true intention of virtual currency exchanges is that anyone can register and trade, which will benefit the exchange, so they don’t want to filter anything as much as possible. . Therefore, if you limit it strangely, it will be a disadvantageous result for the exchange.
not easy to win
It is not so easy to say investment, not limited to virtual currency. Experienced traders earning big sums of money every month started out as novice traders. However, after a few years of training since I was a beginner, I was able to earn a lot. If you are a beginner, you will definitely end up in trouble if you try to win all of a sudden, so it is better to fight for the long term.
Let’s start with major coins
The official website handles many types, but since minor coins have high liquidity, they can rise and fall quickly, so there is a risk of loss. However, Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) are all stable. Also, be careful of illegal and prohibited activities. Illegal actions will lead to trouble, so in any case, users should check the terms of service at the basic preparation stage. Also, please take security measures to avoid being hacked.
Take advantage of our unique system
Bybit has its own system unlike other exchanges such as Coincheck, MEXC, DMM Bitcoin, GMO, Binance, etc. It is popular and very easy to use, so even beginners can easily get used to it. It is highly safe, and you can order and operate stocks with leverage of over 100 times. Transactions can also be made using personal smartphones. It is highly recommended as it is easy to manage by yourself.
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