Happycoin.club – The worldwide exchange Binance has introduced an earnings service on cryptocurrencies for youngsters aged six to 17.
Now adult patrons of the trading platform can establish sub-accounts for their minor offspring named Binance Junior. Parents are invited to fund these accounts and stake digital currency in exchange for rewards, so their kids can earn passive income. Nevertheless, mothers and fathers will supervise the sub-accounts until their children reach age 18.
To benefit from the novel service, one must:
Download the Binance Junior mobile application;
Launch the program and scan the QR code generated in the standard application to link the accounts.
Children with access to Binance Junior will be unable to withdraw digital currency from the exchange or trade digital assets. They are only allowed to send coins to their parents or other Binance Junior account holders up to a limit of $400 daily. Up to five sub-accounts can be linked to each main account.
Research findings indicate that utilizing deposits at an early age instills positive monetary habits and literacy in a child. Unlike one-time transfers or gifts, Binance Junior offers guardians the means to monitor the use of savings accounts and digital assets, enabling them to invest in their children’s financial future, stated the exchange representatives.
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