Save crypto-assets for your child’s future
One day, your children will be ready to stand on their own. Until then, you do everything you can to support them. Our crypto kids’ account lets you save in bitcoin or other crypto-assets in your child’s name.
Why invest in crypto for the next generation?
Give your children a flying start
Building wealth takes time. By starting early with crypto-asset investing for your child’s future, you’ll have a head start on building a solid amount over the years.
Benefit from tax-free gifting
As a parent, you can gift up to EUR 6,633 per year to your children tax-free. Grandparents, relatives, and friends can also gift up to EUR 2,658 per year tax-free.
No custody fee
The kids’ account does not incur our standard service fee of 0.6% annually on held assets. However, transaction fees do apply when converting euros to crypto-assets and vice versa.
How does the crypto child account work?
The kids’ account is in your child’s name, and on their 18th birthday, ownership is transferred to them. As a customer, you can open as many kids’ accounts as you like, with a maximum of one account per child. We handle the administration, so you can demonstrate that you’ve gifted crypto to your child.
Ready to open a child’s account?
First, open an Amdax account as a parent. Then, reach out via phone or chat to open a child’s account. We’re here to help!
Product specifications
Minimum deposit
€0,-
Costs
We charge transaction fees for converting money to crypto assets and vice versa. There are no custody fees associated with the child's account.
FAQ
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When a child turns 18, they become responsible for their own Amdax account. At Amdax, we value guiding them through this important step. To make the transition as smooth as possible, we’ve created a page with all the information about converting the kids’ account into a regular Amdax account. You’ll find this guide on Getting Started with Crypto Investing at Amdax.com.
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As long as the child is under 18, the assets fall under the parents’ tax responsibility and must be included in Box 3 of the parents’ tax return.
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