Setting up a crypto wallet takes a ton of proof of ID in the places I've used. Its a lot harder than getting your moms credit card. I dont think its plausible that a minor could set up a binance account at all. Idk I really think the crypto bros aren't children.
I used to buy my crypto (like everyone else here, I assume, for internet drugs) using a sketchy service that let me send cash for crypto to some random guy in SEA via moneygram. Teens are clever when it comes to acquiring drugs.
Reputable exchanges require ID but there's a number of ID-less swap sites. They're very sketchy and charge like 20% fees, because it's a common way to drain stolen credit cards. I don't do crypto on mobile but the worst apes do and I think Trustwallet might offer such a service through MoonPay: https://trustwallet.com/buy-bitcoin/.
What minors have the funds to buy crypto? I didn't think that was a thing
In 2016 I turned $100 cash from high school job into funny internet money (via prepaid gift card) and bought drugs.
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Setting up a crypto wallet takes a ton of proof of ID in the places I've used. Its a lot harder than getting your moms credit card. I dont think its plausible that a minor could set up a binance account at all. Idk I really think the crypto bros aren't children.
I used to buy my crypto (like everyone else here, I assume, for internet drugs) using a sketchy service that let me send cash for crypto to some random guy in SEA via moneygram. Teens are clever when it comes to acquiring drugs.
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Reputable exchanges require ID but there's a number of ID-less swap sites. They're very sketchy and charge like 20% fees, because it's a common way to drain stolen credit cards. I don't do crypto on mobile but the worst apes do and I think Trustwallet might offer such a service through MoonPay: https://trustwallet.com/buy-bitcoin/.
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a friend of mine in highschool invested 20k into some shitcoin that crashed to basically zero, all from an afterschool job he had for years