How to Get a Crypto Wallet for Minors
Minors are seriously getting into crypto market these days.
If you’re one of them, I presume you should be thinking of the best crypto wallet you can be using as an under 18.As we continue, you should know that crypto wallets are apps, or devices specifically designed to store cryptographic assets like Bitcoin, Ethereum etc.
There are different types and kinds in the market, and choosing one that best suit can be difficult.
In this guide, you are going to learn how to set up a cryptocurrency wallet as a minor for keeping your funds safe.How to open a crypto wallet under 18
First of all, you will have to decide on the kind of wallet you’re going to use based on your investment time-frame.
If you are planning to just do daily exchange of cryptocurrency, then you can use the exchange online wallet.
However, when you intend to keep your investment for a very long time, then the best strategy is to keep it safe using a hardware wallet.
To learn how you can make a cryptocurrency wallet for minors, you can read my guide on how to open a Bitcoin wallet.
Best crypto wallets for minors
In this list of crypto wallets for under 18 minors, they’re categorized based on their types.
1)Ledger wallets (Hardware)
Exodus was created in 2015 and is available in both desktop, Android, and iOS versions. It is free for downloads and is easy to set up, the ideal wallet for a crypto newbie like your child.
In addition, the fact that Exodus is a non-custodial wallet makes it easy for your child to choose it as an investment wallet, confident that no one else has access to the private keys but them.
However, the Exodus wallet still lacks robust security features that would make it a good long-term choice for keeping your precious coins. Therefore, you might want to put that in mind as you contemplate if it is the right choice for your child.
Atomic wallet is another one that doesn’t impose KYC regulations on its users. It was created in 2017 by Konstantin Gladych, the CEO of Changelly, and supports over 500 cryptocurrencies, and still counting.
Being free of charge, easy to use, and available on various operating systems, it is another perfect wallet for beginners. To start using it, you simply need to install it from the Google, Apple, or Windows store. After that, you’ll be provided with the customary 12-worded seed phrase, which will be your private keys and will serve as a way of restoring your wallet whenever need be.