Author: Anna Perozzi

The Moneybox section gets a makeover for an increasingly flexible and customised crypto hodling experience. Discover the promo!

With the new crypto Moneybox, your buy and hold strategy is easier and more customisable. 

Keeping up with the market is stressful for many, who instead find it more comfortable to buy little amounts regularly. Studies confirm the validity of this approach on both traditional markets and cryptocurrencies. Thus was born the Moneybox 2.0 – discover all its new features and the dedicated promo!

Crypto Moneybox: what it is and how it works 

Young Platform’s crypto Moneybox is a separate wallet from the one you use to store your cryptocurrencies normally. It is used to put virtual currencies aside for a long time and avoid spending them on everyday or frequent transactions.

The cryptocurrencies compatible with the feature are as follows:

Already available

• Bitcoin (BTC)
• Ethereum (ETH)
• Young (YNG)
• Ripple (XRP)
• Cardano (ADA)
• Polygon (MATIC)
• Dogecoin (DOGE)
• Polkadot (DOT)
• Uniswap (UNI)
• Decentraland (MANA)
• The Sandbox (SAND) 

Newly added

• Aave (AAVE)
• Chainlink (LINK)
• Litecoin (LTC)
• Avalanche (AVAX)
• Axie Infinity (AXS)
• Basic Attention Token (BAT)
• Solana (SOL)
• Pax Gold (PAXG)
• Fantom (FTM)

New: Multi-crypto Moneybox

There are now 3 ways to create a crypto Moneybox:

1. The Single Coin Moneybox
2. The Curated Bundle
3. The Bespoke Bundle

The ‘Single Coin Moneybox‘ is the standard mode: simply create a Moneybox in which to set aside a single cryptocurrency via recurring purchase.

Things get even more interesting with the ‘Curated Bundle‘: these are ready-made cryptocurrency mixes that can be purchased on a regular basis. These sets contain coins similar in application and sector, designed for those interested in specific crypto applications:

• Web3 (DOT, LINK, UNI, BAT, MANA)
• Metaverse (SAND, MANA, AXS)
• PoW (BTC, LTC, DOGE)
• Smart Contracts (AVAX, ADA, ETH, DOT, MATIC)
• DeFi (AAVE, UNI, LINK)
• Popular (BTC, ETH, YNG, XRP)

Want to put your own spin on it? Now there is also the possibility of creating a ‘Bespoke Bundle‘: select between 2 and 5 cryptocurrencies to include in your moneybox (from those available) and choose the percentage for each. 

Whereas for other Moneyboxes you can create one per currency or per curated bundle type, in this case there is no limit: you can create as many bespoke bundles as you want.

The real icing on the cake? Until 30 June, all purchases made for the bundles will be 100% commission-free. The promotion will not apply to the single coin moneybox.

How do you create a crypto Moneybox?

The Moneybox is a section of the Young Platform app and web version, which you can find in the main menu.

The creation is guided step by step and will allow you to choose in order:

1. What kind of crypto Moneybox to create
2. Which cryptocurrencies to include
3. The percentage in which to distribute cryptocurrencies, if it is a bundle (minimum 10%)
4. The frequency of recurring purchase
5. The amount of each purchase, which in the case of bundles indicates the total amount of Euros with which all cryptocurrencies are purchased together. 

For each type of bundle, a different minimum amount is indicated, which is based on the minimum amounts of the individual cryptocurrency markets. The maximum amount, on the other hand, is always €250.

We understand this better with an example of a bespoke bundle:

• You selected the monthly purchase of 10% of A, 40% of B and 50% of C.
• You entered €100 as the amount of the recurring purchase
• This means that each month you will get €10 of A, €40 of B and €50 of C in a single bundle.

As your Moneybox grows, you will have richer and richer statistics to monitor the performance of each crypto or bundle.

In case you want to change your strategy, you can always close the crypto Moneybox and recreate it, or deactivate and reactivate the recurring purchase with different settings.

Remember that when you close any Moneybox, your cryptocurrencies are only transferred to your spot Wallet, they are never sold unless you sell them.

Please note: for those who, prior to the launch of the Moneybox 2.0, already had active Single Coin Moneyboxes with recurring purchases, their balances were moved to the Spot Wallet, but they are still active. Those who, on the other hand, had Moneyboxes without recurring purchase, they have been closed and the cryptocurrencies stored in these have been moved to the Spot Wallet. More info on the Support page.

Discover the new crypto Moneyboxes now and make the most of zero purchase fees before 30 June!

Create a new Moneybox!

Get started

Register from 4 April to 5 May to take part in the Reply Investment Challenge for free and win Apple products!

In collaboration with Young Platform, Reply is launching one of its famous challenges: the Investment Challenge, which this time is purely crypto-themed. In fact, the competition will take place on the demo version of our exchange, so participants can test their strategies with virtual money! The international competition in 2022 reached record numbers with 13,750 participants from 95 countries, with a total volume of 36,000 trades executed.  

Who is Reply?

Reply is among the largest Italian consulting companies in the field of digital services and technological innovation, with a main subsidiary in Germany and stakeholders from all over the world. In order to be able to support so many companies in digitisation and technological development, it has a large research area, but does not limit itself to developing in-house knowledge. 

The company also promotes innovation externally, organising many different international challenges throughout the year: from software development to creativity challenges.

Small history trivia: we are fellow citizens! In fact, the company was founded in 1996 in Turin, just like Young Platform. 

What is the purpose of The Challenge?

Reply organises these challenges not to create competition, but rather with an educational intent. These events open up access to theoretical resources, opportunities to put them into practice and learning through confrontation in a young, international environment. 

The Investment Challenge, specifically, aims to promote financial awareness, and this is its fourth edition, following the one in 2022.

On this occasion, the team chose to give participants the opportunity to learn more about the trend of cryptocurrencies, blockchain and their application in trading.

What prizes are up for grabs?

• For 1st place: MacBook Pro M2
• For 2nd place: iPad
• For 3rd place: AirPods

How to participate in the Investment Challenge?

• Registration: Registration starts today 4 April and closes on 5 May
• Duration of the challenge: The challenge will last from 7 a.m. UTC on 8 May to 4 p.m. UTC on 19 May.
• Access: Participation is completely free of charge.

To register, simply create an account and complete the registration from the Challenge page. 

How does the Investment Challenge work?

Here are the terms of the competition:

• It opens at 7 a.m. UTC on 8 May and closes at 4 p.m. UTC on 19 May.
• You will have a total balance of €1,000,000. Of course, this is not real money, but a simulation.
• You will be able to trade on selected cryptocurrency markets.
• You can participate on both Young Platform and Young Platform Pro, even switching platforms while the challenge is already in progress.
• During the game week, the Reply Team will publish useful clues for your in-game decisions on the “Your Challenge Page”.
• Each day, the global and daily rankings will be updated. 

What are the criteria for moving up in the rankings?

The ranking algorithm follows a bonus/malus logic: thus some results earn points to move up in the rankings, others imply a fall in position.

Bonuses/malus are determined by the sum of 4 positive or negative values:

• Profit & loss (P&L): the profits and losses generated by ‘investments’.
• Average number of trades made daily during the Challenge. A bonus is awarded if the trades fall within the ‘optimal range’, i.e. a number that reflects a trading strategy that lies between long-term investment and high-frequency trading, and exceeds the minimum amount indicated. A malus is applied if the number of trades is below or above the optimal range. 
• Diversification index: this metric cross-references the number of daily trades with their value in Euros. Higher diversification earns a higher bonus and vice versa. 
• Beware of hints: players who follow the team’s ‘hints’ during the challenge will receive a bonus.

How to prepare for The Challenge?

1. Demo – From the moment you register until 7 May at 4 p.m. UTC, you will have access to the Young Platform Demo in order to test the trading platform with a virtual balance of €1,000,000 already available. From 4 p.m. UTC onwards, you will no longer be able to log in until 7 a.m. UTC the following day, which is the start time of the challenge and the time when the balance will return to €1,000,000 after your trials.
2. Support – before and during the competition, you can ask any questions or concerns you may have at the chat available on the Reply Challenge platform, by providing your username.
3. Educational content – created in cooperation with Young Platform Academy and enriched by materials produced by the POLIMI Graduate School of Management, is accessible from the Learning section of the Challenge from 4 April, but we give you a preview of our content so you can start preparing:
   1. What does investing mean? A beginner’s guide 
   2. Bull vs Bear Market: what they mean and their difference
   3. Technical Analysis: How to Draw Trendlines 
   4. Technical Analysis: How to Identify Support and Resistance 
   5. Technical Analysis: How to Read Candlestick Charts 
   6. What’s the Order Book and how to read it? 
   7. Buy limit and buy stop: what is the difference and how to trade with them 
   8. The meaning of stop loss and take profit: the art of closing 
   9. Limit orders and stop orders: trading on Young Platform Pro 

Read the regulations.

Sign up for the challenge!

Get started

Ready for amazing news? With the new benefit, fees on card deposits, Apple Pay and Google Pay will be just a distant memory!

Cards are definitely the fastest way to deposit funds, without having to use complicated IBAN codes or other banking information. Simply enter your card details or use Apple Pay or Google Pay and you’re done!

Thanks to the new benefit, it will also become the most convenient method! 

Every Club gets its Bonus

Depending on your club membership you are entitled to:

• Bronze: 1 €5 bonus
• Silver: 1 €5 bonus
• Gold: 2 €5 bonuses
• Platinum: 3 €5 bonuses

Bonuses will be credited automatically on the first day of each month. They will be applied to card deposits made during the current month. 

Each bonus is valid for only one deposit, which means that anyone who has three bonuses will be credited back the fees for three deposits.

To make the most of this benefit, consider a few things:

• Set up a recurring purchase with your card, Apple Pay or Google Pay: this way you can avoid paying fees every time you set aside your crypto;
• Make a deposit for an amount that is not too low: if you are going to make a deposit, consider depositing a higher amount to take advantage of the full value of the bonus;
• Pay attention to the first (1, 2 or 3) deposits you make in the current month: the bonus will be applied to that, so make sure you take full advantage of it.

We are happy to offer this new benefit to our Club members and hope you will make the most of it to get the most out of your operations.

Frequently Asked Questions 

When will I receive the bonus?

If you are already a member of a Club, you will receive your bonus on the first day of each calendar month. This month of March will be an exception, with the bonus being credited today! 

New members will receive it upon registration and on the first day of the month thereafter. 

Where will I receive the bonus?

In the Bonus Wallet, the section of Young Platform where you can view all the bonuses you have. In the details you can see their status, value, expiry date and for which transactions they are valid. 

For how many deposits is the bonus valid?

Each bonus is valid for only one deposit, which means that those in the Platinum Club will be able to have their fees credited back for three deposits, while those in the Gold Club for two deposits.

For which transactions is the bonus valid?

The deposit methods covered by the promotion are:

• Deposit by payment card
• Deposit with Google Pay
• Deposit with Apple Pay

Also included are card deposit fees associated with recurring purchases.  

How is the bonus used?

The bonus is applied during the deposit operation automatically. On the transaction summary screen, before confirmation, you will see a banner alerting you to the refund of fees paid. 

The refund will be made as soon as you complete the operation. 

If you have set up a recurring purchase with a card, you will not receive a notification. Deposit fees will be credited automatically to your Euro Wallet. 

How are fees refunded?

As soon as you complete a deposit, the amount of fees paid will be transferred from the Bonus Wallet to the Euro Wallet via cashback. 

You can view the refund in the transaction history. 

Will I be refunded all the fees I paid for my card deposit? 

You will be credited the amount paid up to a maximum of €5, i.e. the value of a bonus. 

If I do not use up the entire bonus with a deposit, can I reuse it?

No, each bonus is only valid for one deposit. So if you do not use the full amount, you cannot recover the excess. 

Can I decide on which deposit to use the bonus?

No, the bonus is automatically applied to the first deposit (or first deposits in the case of Gold and Platinum Clubs) you make during the month. If you want to use it on a recurring purchase, we recommend that you set it up so that it is made on the first few days of the month. To do so, simply cancel the current recurring purchase and reset it on the first few days of April. 

If I make a transfer but it is rejected or not credited, how does that work for the bonus?

The bonus does not work for deposits by bank transfer, but with deposits made by credit, debit, prepaid, Apple and Google Pay cards. 

If I change Club, how does it work?

In the case of an upgrade, you will be credited the difference that you did not receive at the previous club. So if you upgrade from Silver to Gold, you will get an extra bonus, but if you upgrade from Bronze to Silver, you will not be credited anything, because both involve receiving only one bonus. 

If I have already used the card in the past, will I still be entitled to this bonus? 

The bonus is not retroactive, it will be applied to card deposits you make from today onwards. 

General Terms and Conditions – Young Platform Currency Exchange

Join a Club!

Get started

From today you can withdraw Euros from Young Platform to your enabled credit and debit cards. Find out how!

Is the card your favourite deposit method, with its immediacy and flexibility? Then this is the moment you have been waiting for.

You can now withdraw funds from your Euro wallet and transfer them to the card you already use for deposits. 

What’s more, Young Platform is the second exchange in Europe to integrate withdrawals to credit or debit cards. Not bad, right? 

How does withdrawal work?

The ability to use this withdrawal method, the amounts allowed and the timing of the transaction depend on the type of card you have and your past activity.

Supported cards

Cards that support this functionality are only those enabled with Mastercard Send or Visa Direct.

Users who can use the functionality

You can only use this withdrawal method if:

• You have already used a Mastercard Send or Visa Direct card to make deposits.

And 

• You have entered your telephone number during sign up.

If you have not performed these two actions, you can complete them at any time and thus activate the card withdrawal. How?

When you attempt the withdrawal, you will automatically be asked to provide your telephone number. This number is only needed to receive the security code to confirm the withdrawal and guarantee that it was you who made the withdrawal.

Maximum withdrawal amount

The maximum withdrawal amount is calculated based on your past deposits, as follows:

Limit = Sum of the amounts of all deposits made with one card – sum of the amounts of all withdrawals made with one card.

Let’s take some examples:

• If I have deposited a total of €50 with my Visa Direct since I added it, and I have never made a card withdrawal, I can withdraw up to €50 (Limit = 50 – 0)
• If I have deposited a total of €50 with my Visa Direct since I added it, and I have withdrawn a total of €20, I can withdraw up to €30 (Limit = 50 – 20)

Please note: If you remove your card and add it again, your total deposit and withdrawal account will be reset to zero and consequently withdrawal will be disabled. You will have to deposit again to be able to withdraw.

Timing and fees

If your Mastercard Send or Visa Direct card does not support fast funds, withdrawal may take up to 48 hours.

If your card supports fast funds, withdrawal may take up to 30 minutes/1 hour. The fees charged are the same as for a card deposit: 2.2% + €0.25.

If you have any questions, please contact support!

Sign up to Young Platform

Start now

If crypto domains are the watchword for Web3, TLDs are the passepartout. But only with Freename.

Freename is a service that simplifies the adoption and integration of Web3 domains on the Internet. The project starts in Switzerland, the historical crypto valley, and builds its approach around three industry pillars: interoperability, entrepreneurship and transparency.

The interoperability of Freename domains

Crypto domains are not just websites: in Web3 they become the keystone, facilitating the whole online experience. Domains thus become our online identity, declined in its various applications: an alias for social networking, a professional email, a wallet, the username in a game – all collected under the same domain. This requires a high level of interoperability with decentralised applications (Dapps) and also with Web 2.0 applications, in order to speed up adoption.

However, it is important not to underestimate the basic level of interoperability needed, which is not yet an effective industry standard. Dapps, exchanges, wallets, NFTs and blockchains should be usable together, seamlessly.

Each project develops different solutions to achieve this vision. Freename, for its part, started by developing compatibility with numerous blockchains, of which four are already available.

The most interesting feature in this regard, however, is the Freename Web3 Browser Extension, available for Chrome, Firefox and Brave. This browser extension acts as a bridge between Web 2.0 and Web3 through five different functionalities:

• Registrar, a direct link to the site for creating domains and TLDs on Freename
• Browse, an address bar where you can enter a Web3 domain and also find its associated content on Web2.
• Web3 WHOIS, the explorer for all Web3 domains even beyond Freename
• Web3 Email, an interface to use your own crypto domain as an email address and communicate with other domain owners
• Payments, still under development.

Thanks to the Young Platform integration, it is also possible to withdraw cryptocurrencies from the exchange to a Freename domain. To send crypto, it is then sufficient to type in the domain name instead of the wallet address.

The perfect solution for a Web3 enterprise

The freedom to create your own TLD is certainly one of the aspects that most distinguishes Freename from other Web3 registrars.

If you are a crypto artist, a content creator, or have a Web3 company, Freename has thought of you too. What better way to promote your business than through a dedicated TLD?

Imagine if your company name became the next “.com”. With Freename, every time someone buys a domain with your TLD you get royalties.

That’s not all: you can make your brand’s TLD a registered trademark under Swiss law, so that it is also legally protected against counterfeiting and fraud.

For particularly high-profile brands and public figures, there is also a domain and TLD protection service called ‘protected domains‘. Simply contact the Freename team to take advantage of this service.

Security and transparency starting with technology

We have already talked about the Web3 WHOIS explorer designed by the Freename team. This is crucial to give users control, as it allows them to check the ownership and operations of domains directly on the blockchain. The ability to verify the existence or authenticity of a Web3 domain also protects against phishing attempts.

The development roadmap is completely transparent: you can always see the stage of development of the service and also propose updates via the dedicated section, as well as vote on those already proposed.

In short, with Freename your Web3 site will be completely under your domain. Discover the unique opportunity to access it at a bargain price with the Young Platform Clubs.

Join a Club and get a Freename domain: together we will dominate the Web3!

Freename is a platform where you can create, buy and sell not only Web3 domains, but also TLDs. We have talked about all its innovative features on Academy, but here’s a little spoiler: it is a Web3 swiss made entity.

Web3 domains are now a must-have for every Web3 citizen, and if you are in a Club, you can get one even for free! But what are the pros of having a Freename domain?

Let’s get to it and find out all the details of this new benefit reserved for Clubs on Young Platform.

How does the benefit work?

If you are a member of a Club, from today 1st March you can get a coupon on Freename for a variable value depending on the level you belong to.

This is also valid for those who join the Clubs after 1st March!

Here are 5 things to keep in mind before you start:

1. The application of the coupon on Freename is automatic only if you start the purchase from Young Platform Web.
2. The coupon can only be used once. Any credit not used at the first purchase will therefore be lost.
   Example: my chosen domain costs $85. I have a coupon of $110. I add the domain to the basket and proceed to the purchase. Once the purchase is confirmed, I will not have spent anything, but I will have lost $25 in coupon credits.
3. You can purchase several domains at a time by adding them to the same shopping cart and using the same coupon for the total spend.
4. Both the possibility of obtaining the coupon and the benefit expire on 16/08/2023.
5. In addition to second-level domains, the coupon is only valid for the following TLDs:
   • “metaverse”,
   • “hodl”,
   • “moon”,
   • “lambo”,
   • “token”,
   • “airdrop”,
   • “chain”,
   • “layer”,
   • “satoshi”,
   • “genesis”.

Now is the time to take action and dominate the Web3!

How to buy a Freename domain on Young Platform Web

Thanks to the integration of Freename on Young Platform Web, you can search for available domains directly from your desktop account.

So here is how to make a purchase.

• Log in to Young Platform from the desktop version
• Go to the Wallet section
• You will see a box dedicated to Freename, click on the button
• Look for the Web3 domain or TLD you want in the search bar
• Select it
• You will be redirected to the Freename site
• Add the domain to the cart
• Create a Freename account
• Add your details to the cart and accept the Terms and Conditions
• If it is a TLD, you can choose to tick the Royalties option, which will require you to pay $50 in order to obtain royalties every time someone uses your TLD.
• You will see the coupon applied to your cart automatically

If you are unable to apply the coupon to a domain or TLD on Freename or to purchase a domain or TLD from Young Platform Web, it means that this domain is not covered by the Clubs promotion and is therefore not compatible with the coupon or not available, but you can still purchase it by accessing Freename directly and proceeding independently of Young Platform.

• If the credit does not cover the entire spend, add a payment method, either Metamask or credit or debit cards are accepted.
• Confirm the purchase
• View the purchase in ‘Portfolio and Incomes’, under ‘Domains’.

Now the domain is yours, but the ownership is not yet registered on blockchain: you need to mint it first:

• Click on ‘Mint Domain’ next to the purchased domain
• Choose the blockchain you want to mint it on, based on the ones supported by your wallet and that you use the most
• Select the destination wallet by clicking on “Add a new address”.
• Click on ‘Connect wallet’
• Choose Metamask (if you do not know how to create a Metamask wallet, here is the guide)
• Give Metamask permission to connect the wallet with Freename by clicking ‘Next’ and then ‘Connect’.
• Click on “sign new address” on Freename
• Signature on Metamask
• Click on “Save changes” on Freename
• Click on “Confirm mint” on Freename

Your domain is now inviolable: being indelibly associated with your wallet, no one can take it away from you until you put it up for sale.