- Binance Junior allows parents to open and manage crypto savings accounts on behalf of their children, allowing young users to save and earn crypto in the account through Binance Flexible Simple Earn
- Binance Junior users aged 13 and over can initiate transfers through their app, with higher age criteria where required by local regulations, and with daily limits applied. Trading is not allowed and transfers to non-parental adult users are also restricted.
- Trading is not allowed and transfers to non-parental adult users are also restricted. Parents will be notified of each transaction from their Junior account and have the option to disable their child’s Junior account.
Blockchain ecosystem Binance has been launched Binance Juniora new parent-controlled app and sub-account for kids and teens ages 6 to 17, offering parents a family-oriented platform to build crypto wealth and savings, preparing their children for a digital financial future.
In an update on Wednesday, the company said Binance Junior will allow parents to open and manage crypto savings accounts on behalf of their children, allowing young users to save and earn crypto on the account through Binance Flexible Simple Earn, while limiting trading activities to ensure safety.
Parents can fund the Binance Junior account through their master account or via on-chain transfers. By offering controlled early exposure to savings and digital assets, Binance Junior empowers parents to invest in their children’s financial future and foster positive savings habits.
Binance Junior will offer digital asset education
As crypto becomes increasingly integrated with the mainstream financial world, this new product aims to provide young users with a strong foundation in personal finance and digital asset education, promoting long-term financial literacy and readiness for the evolving economic landscape.
“As parents who love our children, we nurture them not only in their early development but also in their long-term growth with responsibility and wisdom – helping them to be able to independently face real-life challenges, where financial health and literacy are key to preparing them for the future, especially as money evolves,” said Binance co-CEO Yi He. “Today, parents can take the first steps to prepare for their children’s financial future and equip them for the future financial landscape. Binance Junior is a family finance initiative that helps parents build crypto wealth and savings for their children and encourages them to build and practice healthy financial habits for the next generation into adulthood.”
Designed for both crypto-native parents and those new to digital assets, Binance Junior helps them start their digital financial journey as a family in a secure environment with parental controls and monitoring through a simplified interface, with safety measures in place.
Start transfers on the app
Binance Junior users aged 13 and over can initiate transfers through their app, with higher age criteria where required by local regulations, and with daily limits applied. Trading is not allowed and transfers to non-parental adult users are also restricted. Parents will be notified of every transaction from their Junior account and have the option to disable their child’s Junior account at any time, which will immediately stop all transfers.
As part of Binance’s ongoing mission to educate people about the world of digital assets, while preparing the next generation for financial health and wealth under its broader family finance initiative, it has released a self-published book, “ABCs of Crypto.”
The “ABCs of Crypto” is an educational book designed as a children’s book for anyone interested in learning about crypto and illustrates how crypto can be “as simple as ABC.” The book explains fundamental terms in crypto, from security and blockchain technology to types of coins, in a fun and easy-to-understand way, encouraging families to learn together on their digital financial journey.
Binance Junior will be available in select countries via the Apple App Store and Google Play Store.
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