HusNain Crypto 169

Main TakeawaysBinance Junior now offers payments to supported merchants, with parent-enabled controls and restricted categories.Parents can send crypto to their children through Red Packets or P2P transfers, with the option to also allow transfers from non-parental adults, such as relatives and family friends. Juniors can receive up to $12,000 in crypto per year across Red Packets and P2P transfers.ABCs of Crypto is now available in the Binance Junior app in countries where an official local-language version is available.An exciting announcement for crypto-conscious parents: Binance Junior’s first big update is here!When planning this first round of improvements, we took in all the comments, suggestions, and ideas from our Binance Junior families. This feedback helped us shape an updated version of Binance Junior that is packed with features for the whole family to enjoy: parent-supervised payments for Juniors, crypto red-packet gifting, and more ways to explore crypto as a family. Read on to learn everything about the updated Binance Junior.Crypto Payments for Everyday Spending, with Parental ControlsBinance Junior now includes a feature that lets your child make payments to supported merchants – under your supervision. To help keep Juniors protected, all adult-related merchant categories are restricted, including gambling and tobacco. Payments are disabled by default and must be enabled by a parent before a Junior can use them. This approach helps you introduce healthy money habits early, like budgeting and mindful spending, while you maintain complete oversight. And as it always will be, there are zero trading features on Binance Junior.Red Packet Gifts for Milestones and HolidaysBirthdays, holidays, and straight A’s on the report card are all worth celebrating. Now, when your child hits a new milestone, you can send them a crypto Red Packet gift. You can also choose to allow other adults, such as relatives and family friends, to send Red Packet gifts to your child’s Binance Junior account. Note that once this feature is enabled, all non-parental adults will be able to transfer crypto to your child’s Junior account.Beyond celebrations, adults can also send crypto directly to a Junior account through peer-to-peer (P2P) transfers in the Binance app. To help protect Junior accounts from abuse, P2P transfers are only supported from adult accounts to Junior accounts or from one Junior account to another. Juniors cannot send P2P transfers to non-parent adult accounts. Both Red Packets and P2P transfers are disabled by default and must be enabled by a parent. Once enabled, there is a receipt limit of up to $12,000 per year in total across both Red Packets and P2P transfers. Binance Junior accounts will not be able to receive any additional crypto transfers after the last transaction that crosses that USD 12,000 threshold. Explore Crypto, From A to ZBinance’s ABCs of Crypto is now available in the Binance Junior app in regions where local-language versions exist. Discover a mobile-friendly ebook that introduces key crypto terms in a simple A-to-Z format – an experience that you can enjoy together as a family. We observed that one of the parents’ most frequent requests was for family-friendly resources on crypto and blockchain, and we’ll be introducing more educational-focused features to Binance Junior in future updates.Final ThoughtsThis is just the first of many updates designed to help families explore crypto responsibly. At Binance, we're committed to building a safe environment to help families raise financially literate kids – whether that means learning to save, budget, or spend mindfully – and prepare them for a future where digital assets play a bigger role.Check out the updated version of Binance Junior today.Don’t have Binance Junior yet? Sign up now.Further ReadingIntroducing Binance JuniorFrequently Asked Questions on Binance JuniorBinance Junior: The Crypto App For FamiliesRisk Warning: Digital asset prices can be volatile. The Junior’s parent or legal guardian must open, supervise, and control the account and is solely responsible for all activity in the account and compliance with the Binance Junior Product Terms and Terms of Use. Binance is not responsible for ensuring the suitability of any product for the Junior and is not liable for any losses that may be incurred. Not financial advice. For more information, see our Terms of Use and Risk Warning.