is it ok to lose your virginity at 16 or 17?

Chloe • Dead inside
I am not in a committed relationship, and I have no desire to be. However, one of my closest guy friends and I have brought up the topic of being friends with benefits before because we both trust each other and know each other well enough. Should I go through with this? Is it a bad idea? Also, is potentially losing your virginity at 16 a bad thing?