Personal Finance Financial Planning

Binance unveils crypto app for children with full parental control

Dieketseng Maleke|Published

Binance launches Binance Junior, a groundbreaking crypto app designed specifically for children and teenagers. With robust parental controls and educational features, the platform allows families to build crypto wealth together while teaching the next generation essential financial skills for a digital future. Available in select countries, the app combines savings opportunities with strict safety measures.

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Binance has announced the launch of Binance Junior, a new parent-controlled app and sub-account designed for children and teenagers aged 6 to 17.

The platform offers families a way to build crypto wealth and savings together, while preparing the next generation for a digital financial future, Binance says.

Binance Junior allows parents to open and manage crypto savings accounts on behalf of their children. Young users can save and earn crypto through Binance Flexible Simple Earn, but trading activities are restricted to ensure safety, it says.

According to Binance, parents can fund Binance Junior accounts via their master account or through on-chain transfers. By offering controlled early exposure to savings and digital assets, Binance Junior aims to empower parents to invest in their children’s financial future and nurture positive saving habits.

“As parents who love our children, we not only nurture them in their early development but long-term growth with responsibility and wisdom, helping their ability to face real life challenges independently where financial health and literacy are key to preparing them for the future, especially as money is evolving.

“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 teach and practice healthy financial habits for the next generation into adulthood," says Binance Co-Founder Yi He.

Binance says Binance Junior has been designed for both crypto-native parents and those new to digital assets. The app provides a simplified interface with parental monitoring and strict safety measures.

  • Users aged 13 and above can initiate transfers, subject to local regulatory requirements and daily limits.
  • Trading is not permitted.
  • Transfers to non-parental adult users are restricted.
  • Parents receive notifications for every transaction and can disable their child’s account at any time, immediately halting all transfers.

As part of its broader family finance initiative, Binance says it has also released a self-published children’s book titled “ABC’s of Crypto.”

The book introduces fundamental crypto concepts, from security and blockchain technology to different types of coins,  in a fun, easy-to-understand format. It is designed to encourage families to learn together and make crypto “as easy as ABC", the group says.

Binance Junior will be rolled out in select countries via the Apple App Store and Google Play Store.

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