What are the restrictions on minor transactions?
Jul 17, 2025 pm 11:18 PMIn order to protect the rights and interests of minors, mainstream digital trading platforms usually implement the following restrictions: 1. Forced real-name authentication and confirm user age with secondary verification; 2. Set a consumption limit for minors and prohibit high-risk transactions; 3. Provide parental monitoring system and right to revoke transactions; 4. Comply with the "Minor Protection Law" and strengthen data privacy protection; 5. A few platforms allow transactions after the guardian's written consent, but relevant supporting documents are required.
The world's mainstream digital trading platform:
Ouyi OKX:
Binance Binance:
Huobi:
Gateio Sesame Opening:
In order to protect the rights and interests of minors and comply with relevant laws and regulations, mainstream digital product trading platforms (such as game account transactions, virtual currencies, software services, etc.) usually impose the following restrictions on minors’ transactions:
1. Identity authentication and age verification
Users with forced real-name authentication must provide valid ID documents (such as ID cards, passports) to complete real-name registration, and the platform will verify their age through the public security department database. Users under the age of 18 will be marked as minors.
Secondary verification Some platforms require facial recognition or binding bank card information in key transaction links (such as large-scale payments) to further confirm the user's identity.
2. Transaction behavior restrictions
The upper limit of consumption amount is the amount of a single transaction or monthly cumulative transaction for minors. For example, some game platforms stipulate that users under the age of 16 will not exceed 200 yuan per month, and those aged 16-18 will not exceed 400 yuan.
High-risk transactions such as virtual asset transfers, account leasing, etc., are prohibited, and transactions that require electronic agreements to be signed, and minors usually cannot complete them independently.
3. Guardian intervention mechanism
The parent guardianship system platform provides a "parent mode", allowing the guardian to bind an account and set a consumption limit, or directly turn off the payment function.
The guardian of the right to revoke the transaction can apply to revoke the unauthorized transaction of the minor based on the parent-child relationship certificate. Some platforms must file a complaint within 30 days after the transaction.
4. Legal compliance requirements
Comply with the "Prevention of Minors"
The platform needs to implement the "network protection" clause and prohibit providing services to minors that may affect their physical and mental health.Data privacy protection minor information must be stored encrypted and must not be used for commercial marketing.
5. Exception handling
A few platforms allow minors to trade after the guardian’s written consent is required, but additional consent forms and guardian identity certificates are required. The process is relatively strict.
The above is the detailed content of What are the restrictions on minor transactions?. For more information, please follow other related articles on the PHP Chinese website!

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