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Can i buy cryptocurrency for a family member

Can i buy cryptocurrency for a family member

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The BEST Way to Give Bitcoin to Friends and Family
For many cryptocurrency investors, setting up a family trust can be a highly effective tax strategy. What is a family trust, though, and what. Children cannot purchase cryptocurrency on their own, but they can do it with a parent or other adult's assistance. Parents can open a minor's custodial account. Cryptocurrencies can be used to buy goods and services online or as a speculative investment, making them an interesting gift idea for the holidays.

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calendar_month 07.05.2023

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While crypto can be volatile, it has been one of the best investments of the last decade. A trust designed to integrate into a crypto tax strategy may be more complex to establish than a traditional discretionary trust. The simplest way for adults to buy crypto for children is to use EarlyBird Crypto.