Show your child how to balance a checkbook and it won’t be long before they tune out. Give them a hands-on way to experience crypto and things get interesting. We believe that financial education should reflect the realities we live in and start earlier in a child’s life.
Get the low down on crypto and help your child make informed decisions. We’re committed to providing you and your family with ongoing educational resources as we bring you additional currencies and stocks.
Ready to empower your child to start investing? Here’s how it works.
How does this work? I thought kids couldn’t buy crypto.
Step is the first financial platform to allow both people under 18 years old and adults to buy, sell, hold, and earn crypto as rewards. We partner with Zero Hash to power our investing service. You must give your child permission before they can start investing.
Isn’t crypto super volatile and risky?
Crypto has the potential for gains and losses and may not be suitable for all investors. There have been big swings month-to-month, even day-to-day. Be sure to take it at a pace you’re comfortable with and don’t let the FOMO guide your decision making. You shouldn’t invest more money than you’re willing to lose.
What parental controls do I have?
As your child’s parent or guardian, you get to determine when they’re ready for this next step in their financial journey. Without your permission, they can’t invest if they are under 18. You can track their investing activity from your Step App.
What are the tax implications of investing with Step?
Investing in stocks and cryptocurrencies may have state and federal tax implications. Consult your investment advisor, accountant, or legal counsel regarding your particular circumstances.
How do I know if my child is ready to invest?
Unfortunately, there’s no one answer to this question. Here are a few signs your child might be ready to start investing: they are earning a steady allowance or paycheck; they are regularly contributing to their savings goals; they are asking questions or talking about stocks and/or crypto.
Start creating a better financial future for your child.
Step is a financial technology company, not a bank. Banking services provided by Evolve Bank & Trust, Member FDIC. The Step Visa Card is issued by Evolve Bank & Trust pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association.
The earlier you start investing1, the easier it is to build long-term wealth. That’s why we provide your child the opportunity to invest in crypto (and soon, stocks) for as little as $1 before they turn 18. Your permission is required.
Many kids are crypto-curious. Crypto is an effective springboard for important financial discussions many kids are not having in school.²
Investing is a great way to teach kids financial skills that will serve them throughout their lifetime, like how to balance risk with reward.
No investment is ever guaranteed but time is on your child’s side. There could be potential for significant growth with both stocks and crypto.
Invest in their future
How crypto can benefit your child
Knowledge is power
Take the first Step together
You grant permission: You know your child best. Give them permission to start investing by navigating to their account from your app menu, selecting “crypto”, and tapping “approve” when you think they’re ready.
They start investing: One you give them permission to invest, your child can buy, sell, and earn rewards in bitcoin. With rewards, something as simple as a cup of coffee can earn them fractional shares of bitcoin.
You learn together: You can track their portfolio balance alongside them from your Step App as they buy, hold, and sell. We’ve got you both covered with educational content to help you make informed decisions and continue the conversations.
We know what you’re Wondering...
Invest in them Today. Change their tomorrow.
A) Investing involves risk, including risk of loss. Cryptocurrency assets are highly volatile, not backed by any central bank or government, and are not subject to FDIC or SIPC coverage. See additional risk disclosures here. B) Cryptocurrency transaction and custody services are powered by Zero Hash LLC and Zero Hash Liquidity Services LLC. When you enable Step Crypto Investing, you must also agree to the Zero Hash’s terms and conditions and enable your Zero Hash account. Cryptocurrency assets are held and custodied by Zero Hash, not Step. Services currently not available in NY and HI. C) Stock investment advisory services offered through the app will be provided by Step Advisers, LLC (“Step Advisers”). To receive advisory services as a client of Step Advisers, you must be 18 or older. Clients of Step Advisers may enable teens under 18 to effect securities transactions on their behalf, subject to a written trading authorization and the clients’ monitoring and control.