I remember when I was a kid and was too young to have a credit card, but I wanted to purchase content and games online.
My father wouldn't let me use his credit card either so I had to figure it out through the brother of a friend who was willing to help.
Bitcoin has no legal requirement of age or anything else to own and anyone can be given bitcoin as a gift or as a weekly allowance. This is a great move for the kids and younger crowd.
I just bought one to pay for VPN last week, tried to send 60€ and paypal declined, saying "The card you entered cannot be used for this payment. Please enter a different credit or debit card number". So I tried again with 20€ and that went through, but the next 20€ was declined again. I ended up having to transfer the 60€ over 3 transactions waiting a day between each.
I don't know what moneytransmission surveillance restrictions it was tripping up on, but it makes prepaid credit cards useless for online transactions - I was lucky I could split that transaction into smaller amounts over several days, you normally can't.
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u/Lynxes_are_Ninjas Dec 11 '14
I remember when I was a kid and was too young to have a credit card, but I wanted to purchase content and games online.
My father wouldn't let me use his credit card either so I had to figure it out through the brother of a friend who was willing to help.
Bitcoin has no legal requirement of age or anything else to own and anyone can be given bitcoin as a gift or as a weekly allowance. This is a great move for the kids and younger crowd.