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 ahigh 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 ofinteroperability 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 getroyalties.
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.
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.
Let’s get to it and find out all the details of this new benefitreserved 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:
The application of the coupon on Freename is automatic only if you start the purchase from Young Platform Web.
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.
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.
Both the possibility of obtaining the coupon and the benefit expire on 16/08/2023.
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 ofFreename 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.
Recurring purchases allow you to recur a Bitcoin or Ethereum buy automatically and on a regular basis. Find out why it can be useful and how to activate it!
In this guide, you will learn how to activate the recurring purchase functionality on Young Platform, and choose the option that suits you. But first of all, what is a recurring crypto purchase? It is a feature that makes crypto purchases automatic. Once you set up a recurring purchase, the Young Platform app will buy your chosen cryptos for you, in the amount and frequency determined by you. This way, you won’t have to do it manually.
Why set up a recurring purchase?
Beyond convenience, why is it be useful to set up a recurring purchase? Often, recurring purchases is chosen by those who don’t feel like as confident as experienced trader ready to intercept the best time to buy. By setting up a recurring purchase, you buy crypto consistently, regardless of price changes. Whether the price is at its highs or its lows! Generally buying when prices are high is not very profitable, so why is the practice of recurring purchases used? Some people choose to buy on a regular basis to try to minimise price volatility. For example, say you buy BTC on a monthly basis, albeit at different prices. By the end of the year, you will have bought BTC at the yearly average price. All without the stress of having to interpret charts. In other words, with recurring purchases you are not trying to guessthe right time to buy.
Recurring purchases are also a feature used to avoid buying crypto impulsively, avoiding getting caught up in excessive enthusiasm or incurable defeatism. Ever heard of behavioural finance? With recurring buying you can keep your cool during even the worst bear markets.
How do I activate a recurring purchase?
You can set up a recurring purchase directly on the Young Platform app, in the Spot Wallet section of your chosen cryptocurrency (on Young Platform you can set up a recurring buy of Bitcoin or Ether), or in the Money Box section of your chosen cryptocurrency. If you use the web platform, start from the trading panel on the Home Page.
Choose a frequency option:
Weekly;
Biweekly;
Monthly.
Select a payment method by which you will use for your crypto recurring purchase:
That’s right: it is possible to set up a recurring purchase to the Spot Wallet but also to the Young Platform Moneybox.
We prepared a tutorial for each one!
Recurring Purchase on the Spot Wallet
The Spot Wallet is what you use to trade and transfer in the short term.
The recurring purchase on the Moneybox
The Moneybox allows you to leave your crypto untouched that you want to keep aside for the medium to long term. But for what purpose?
The Moneybox works just like a real piggy bank. You can store your cryptocurrencies that you don’t want to allocate to your more frequent buying and selling activities.
After the earthquake in Turkey, Young Platform renews its collaboration with Save the Children to send crypto donations
The earthquake in Turkey in February mobilised donations and solidarity from all over the world, united in the face of a natural disaster.
As now well known, on the night of 5-6 February, the area bordering Syria was the epicentre of a strong earthquake (magnitude 7.8 and 7.5). The two tremors resounded as far as Cyprus, Lebanon and Israel. The phenomenon returned on 20 February with the epicentre in the town of Hatay in south-west Turkey, with a magnitude of 6.4 and 5.8.
The main victims of the earthquake in Turkey: children
After the first earthquake, Turkey declared over 41,000 dead, thousands injured and buildings collapsed. In all, 1.4 million children are suffering the damage of this catastrophe. The survivors among them are now without shelter.
These territories and especially their most disadvantaged inhabitants must receive as much aid as possible, international contributions are not enough, and it will take a long time to heal just one of the many wounds of these countries.
Save the Children with the Emergency Fund ensures that the children affected by the earthquake receive all kinds of help.
Choose whether to make an anonymous donation or enter your details;
Click on ‘Donate now’;
You will see the address of the destination wallet in the form of an alphanumeric code and as a QR code. Copy it to the clipboard;
Open the Young Platform app in the Wallet section;
Select the cryptocurrency you have decided to use;
Click on “Withdraw”;
Enter the amount and click on ‘Continue’;
Paste the Save the Children wallet address you copied from the link provided or scan the QR code. We advise you not to write the address manually to avoid typos;
Definitively confirm the withdrawal via the email you will receive at your address.
If you want to view the status of your transaction on the blockchain, you can paste the TxID into the search bar of a blockchain explorer such as Blockchair.
This way you can track your crypto donations and make sure they reach Save the Children, who will use them to help the children victims of the earthquake in Turkey.
For Silver, Gold and Platinum Clubs a monthly Market Report created by our trading team
When your friends ask you how the market is doing, do you only answer with “Up” or “Down”? Do you get by on “hearsay”?
No problem! Finding reliable and timely information today is not easy. That’s why we do it for you, with the Market Report.
If you are a member of a Club, you will have already received the first two Young Platform Reports by email, with which we collected your feedback, but the time has come to make this benefit official.
From now on, the benefit is reserved for Silver, Gold and Platinum Clubs: these members will receive an in-depth market analysis at the beginning of each month, covering the previous month.
For those who are not yet members of the Clubs, here are the main points covered by the report:
Market Capitalisation Analysis
Bitcoin Dominance and Price Action
Price action of Ethereum and the ETH-BTC pair
Price action of the monthly crypto
US monetary policies
Monthly news
On-chain data for Bitcoin, Ethereum and the monthly crypto
Is there any data or topic you would like to see covered monthly in this report? Post a suggestion on the Discord channel and we will adapt the report with the most requested additions.
Staying abreast of the market is essential to be in control of your resources and make the best use of them. With the Market Report you have a tool created by professional traders that sums up everything you need to pay attention to in order to have a thorough understanding of the current situation.
Here’s the second report on YNG since its market launch. Find out about its distribution and upcoming news on Young Platform
On 1 June 2022, the YNG token was released on the market and thus began to vary in price according to supply and demand. At the same time, Young Platform Clubs were born, which can be accessed precisely by blocking a certain amount of tokens. The first report came after four months, so at the beginning of February we collected data from the second four months of the token’s life. See the results below.
Club Membership
At the moment, 1214 people participate in the clubs, divided into:
903 for the Bronze Club;
174 for the Silver Club;
92 for the Gold Club;
45 for the Platinum Club.
Compared to the last report, the growth is +19.1%. Consider that the greater the number of tokens locked in Clubs, the lower the sales pressure and thus the tendency of the price to drop. Club participation is therefore one of the parameters to consider in order to understand the demand for YNG.
Distribution of the YNG token
The number of tokens in circulation as of October was 18.43M. The availability in circulation as of today (February 2023) is about 20.5 million, which means that there was a net increase of 1.7M tokens, or 11.4%.
These tokens were distributed via the Young Platform Step app in different ways:
41,144.8 through the completion of Quizzes by 56,748 users;
1,554,524.31 through rewards for 153,054 users;
498,101.85 through the use of the ‘Up&Down’ function by 143,892 users.
The market for the YNG token and its exchange rate with the euro is regulated by an algorithm, thanks to two liquidity pools. Initially, these pools contained:
1M Euro;
4M YNG.
Considering the sales and purchases of tokens handled in recent months, at the end of January 2023 the pools contained:
682.8k Euro;
6.11M YNG.
Regarding the YNG-EUR pair, these were the movements that led to the change in liquidity in the pools:
Future Objectives
Finally, for transparency, here’s an update on the objectives listed in the last report.
Airdrops&Vouchers: The first distribution of vouchers planned for Club subscribers was successfully concluded. Specifically, the promotional campaign in cooperation with Unstoppable Domains was completed in November, thanks to which we distributed free credits to all club members to purchase their own Web3 domain. The next event is planned for this quarter and will once again feature a Web3 domain project.
CoinMarketCap and CoinGecko: during thelast quarter of 2022, we made some changes to the integration with our liquidity providers and market makers, with the aim of streamlining order entry in the order book. This resulted in changes to the structure of some API calls requested by the two aggregators. We have resubmitted the requested information and are awaiting updates.
Earning Wallet: during thelast quarter of 2022, we had to discontinue the service due to the crisis affecting FTX and its customers. Being the main benefit of the Clubs, we prioritised the development of the new version. We are evaluating, in addition to providers of services based on Lending and Borrowing, also solutions based on self-hosting of nodes and liquid staking of tokens. This functionality is planned to be developed between the end of Q1 2023 and the second quarter of the year.
Debit Card: due to the prioritisation of the development of the new version of the Earning Wallet, the deadline for issuing debit cards was postponed by one quarter.
Third-party exchange listing: Between the end of Q1 and Q2 2023, we will reopen all negotiation tables to list the token on third-party exchanges. To accomplish this, it remains crucial to have supporting volumes on the YNG-EUR pair.
Buyback: In the last report we anticipated that we would present buyback operations. Unfortunately, the market was hit by the FTX crisis and the company decided to prioritise the management and protection of all those who had an active Earning Wallet, taking time away from structuring the projects in this report, including the buybacks. At the beginning of the year, we took over the planning and are finalising the rationale and plan for the buybacks. In order to make individual buybacks as rational as possible, we are planning operations that are directly linked to the metrics of the YNG-EUR pair currently on the platform (e.g. tokens bought by users, tokens sold and tokens from Steps). This is to achieve campaigns that incentivise the organic growth of the pair’s volume and avoid inefficient repurchase plans for the market price.
The remaining objectives presented in the last report were mainly dedicated to our community, and to improving services and the experience for Club members.
Monthly market reports: since 2023, all club members have received a monthly report summarising the most influential events that occurred in the previous month and analysing the market highlights, this benefit will be developed based on their feedback;
Merchandising: In December, we sent all Platinum and Gold Club members a package containing Young Platform merchandising.
Promo Wallet: Young Platform’s promo wallet was successfully released, which will allow users to receive promotions to use on the platform, including discounts on deposits and withdrawals for Club subscribers.
Club section of Discord: We are structuring the server in such a way that Club subscribers can join a reserved channel for Q&As with the team.
In addition to these token-related objectives, here is a brief overview of features under consideration and development for the first half of 2023:
Moneybox: We are working on improving the current Moneybox, not only in terms of available cryptos, but also in terms of applicable automations.
Monthly club membership payment: currently, a club membership lasts for a minimum of 90 days during which YNG tokens remain locked. In order to manage membership more flexibly and to support tokenomics of the token, monthly payment of membership will also be activated as an option, again with YNG. During the first half of 2023, the first tests in this direction will be started.
Price movements alerts: In order to improve the monitoring of price movements of crypto holdings, we think it is essential to be able to be alerted as soon as a crypto reaches a certain price. For this reason, as anticipated months ago, we are finally structuring the functionality that will allow you to be alerted as soon as a held crypto reaches a price point.
You can now donate to Save the Children through Young Platform. Here’s how to do it
The smallest unit of BTC is called a satoshi and it corresponds to one hundred millionth of a Bitcoin. It is a very tiny figure. To give you the idea, let’s write it down with all the zeros: 0.00000001. It is said that small things can change a life: smiling at strangers, eating pizza with friends, children. Maybe even a satoshi.
You can now use your crypto to send donations to Save the Children Italia Onlus via the Young Platform app.
This Christmas, save their future
This collaboration comes at a special time of year. On the occasion of Christmas, Save the Children Italia Onlus launched a campaign to collect donations for children in conflict zones, such as Syria or Yemen. We are happy to announce that Young Platform has been chosen as its official partner to make it easier for those wishing to make crypto donations.
Worldwide, 1 out of 6 children live in a war zone. With the ongoing conflict in Ukraine, another 7.5 million children have been added to the tally. The funds raised through this initiative will be used to recover food supplies (a family needs 41€ for a fortnight), personal hygiene kits or school supplies (a package to educate eleven children is worth 275€). We at Young Platform are renewing the path taken in the field of charity, specifically those dedicated to children.
Why donate through crypto?
We know that cryptocurrencies are not physical coins, but they can still do a lot. Lately, their reputation has not been great. Chances are, you’ve heard on the news that crypto is a dangerous game. One played by kids who fiddle with theirPCs and then scam thousands of people. Even if someone is using blockchain technology for these questionable purposes, there are also virtuous examples of how cryptos can be useful and have an impact on people’s lives.
When Ukraine was invaded in late February, for the first time in history, a nation publicly called for crypto donations when its banking system was beginning to collapse. Millions and millions of coins and tokens, including NFTs, arrived from all over the world to help people cornered by war. Cryptocurrency donations are borderless, they can bemade anywhere and they go everywhere. Even to those without a bank account. Also in the case of Save the Children, crypto donations made with Young Platform will make an important project come true.
How do donations work?
You can make crypto donations to Save the Children Italy with a simple withdrawal. Here are all the steps you need to take.
Before you start, open this link to the NGO’s website and choose the crypto you want to donate from all those available. The wallet address will appear in the form of an alphanumeric code and as a QR code. Bitcoin, Ethereum, Ethereum PoW, Cardano, Polygon, USDT, USDC and Tezos are available.
Open the Young Platform app in the Wallet section;
From the central button ⇆, select ‘Withdraw – send funds in euro and crypto’;
Choose a cryptocurrency, select the amount and click ‘Continue’;
Paste the Save the Children wallet address you copied from the link provided or scan the QR code. We advise you not to type in the address manually to avoid mistakes and remember to only select the address of the crypto you want to donate! To donate Bitcoin you need a Bitcoin address, for Ether you need an Ethereum address and so on.
Confirm the withdrawal via the e-mail you will receive at your address.
If you want to view the status of your transaction on the blockchain, you can paste the TxID in the search bar of a blockchain explorer like Blockchair. The beauty of charity and crypto is that you can independently verify and track all your donations to Save the Children.
On Young Platform, there is a new type of Wallet dedicated to bonuses and all future promotions
As of today, all bonuses on Young Platform will become cashback bonuses in the new Bonus Wallet. You may already know that if you invite a friend to Young Platform, you both receive a Friend Bonus. Those who sign up for the exchange with a referral code from a sponsor or promotional campaign receive a Welcome Bonus.
You now can receive these and all future bonuses directly in your Bonus Wallet. They will come in the form of cashback, to be used to pay for fees on the exchange.
You will be able to see the Bonus Wallet within the Wallet section, but only after you have received a Bonus, or to manage Bonuses that are still pending from the previous system. But for now, let’s see how the promotions work. There are two currently available: the Friends Bonus and Welcome Bonus.
1. Obtain and redeem your Bonus
If you are a newcomer to Young Platform, and have signed up via an invitation or referral code, you will find the wizard to activate your account and receive your bonus highlighted on the Home page. Once your identity has been verified and you have made a deposit of at least €50, you will find the button to redeem your bonus in the “Invite your friends” section (available from the Home page).
On the other hand, if you already use the app and want to invite someone to receive a bonus, go to the “Invite your friends” section in the Home page to share your code and view the status of your invitations. Once you have both completed the necessary actions indicated, you will see the button to redeem the bonus in the invitation section.
Important news: Unlike the previous mode, it is no longer necessary to make a purchase to receive a bonus.
2. Discover the Bonus Wallet
After redeeming the bonus, continue through the wizard to read the Bonus Wallet introduction stories, which will explain how it works.
The Bonus Wallet will then open for the first time. After the first bonus redemption, you can always find it again in the Wallet section.
There, you can view all bonuses that you have redeemed and can use to receive cashback.
Important news: bonuses will no longer be credited to your Spot Wallet, but to your Bonus Wallet.
3. Receive cashback
How does cashback work? In the case of these 2 bonuses, it only applies to trading fees paid for Euro-Crypto trades (so it does not apply to Crypto-Crypto trades).
This means that after you have completed a purchase with Euros or a sale in exchange for Euros, and paid the fee, the fee amount will be deducted from your Bonus Wallet and credited to your spot Euro Wallet.
Let’s take a practical example, for a user who is not a member of any club:
You redeemed a €5 Invite a Friend Bonus
You make a BTC purchase of €100
You pay a €2,50 fee
Your receive €2.50 cashback in your wallet, which is deducted from your Bonus Wallet
You have €2.50 left in your Invite a Friend Bonus Wallet Bonus
You can use this remaining bonus for cashback on other fees.
If you have only € 0.50 total bonus remaining and pay €1 of fees, you will receive a cashback of only €0.50.
The new bonus regulation
Not only will the form of the bonus change, but the same goes for the rules for redeeming and receiving them.
If you already have invitations sent before today that have not yet been completed or unredeemed bonuses, they will be converted to this new cashback mode from today.
As mentioned above, it is no longer necessary for the users involved to make a minimum purchase in order to obtain the bonus, but a deposit of 50€ will suffice.
Bonuses expiration:
They must be redeemed within 90 days from the date of the new user’s signup using the invitation or referral code.
Want to buy cryptocurrencies on Young Platform? The first step is to top up your Wallet. Here are all the available deposit methods!
Want to buy cryptocurrencies but don’t know where to start? The first step is to deposit euros on the Young Platform exchange. Once you have topped up your Young Platform account, you will be able to trade euros for all cryptocurrencies listed on the exchange. However, before topping up, make sure that you have gone through the identity verification process. There are several deposit methods available. To buy cryptocurrencies on Young Platform, you can deposit money via bank transfer, through credit or debit cards, or using a gift card. Choose the deposit method you prefer and start your journey in the world of crypto too!
Where to start?
For all the deposit methods we will go over in this article, the starting point is the same!
From the Home or Wallet section, click on “Deposit”. Once you have selected Euro, you will see all available deposit methods! For cryptocurrency deposits, read this guide.
1. Deposit by bank transfer
The first method we see in this guide on how to deposit at Young Platform, is by bank transfer. Once you have chosen this method, we are assuming you will proceed by SEPA transfer from a foreign (non italian) bank account.
Attention! Before proceeding, you will be asked to enter the amount of money you intend to deposit, at which point a request will be made that must be confirmed. In addition, it is mandatory to enter the reference number for the transfer.
The maximum amount you can deposit by bank transfer depends onyourYoung Platform account level. The minimum amount you can deposit by bank transfer is 20€. The level of your account is determined by the level of verification of your profile, particularly regarding the origin of the funds you intend to deposit.
Below are the deposit limits per verification level of your account.
The first level is unlocked by completing identity verification. Single transaction limit: €4,000, annual limit €25,000.
To access the second level, it is necessary to provide a bank statement, utility bill, or certificate of residence issued by your municipality. Single transaction limit €8,000, annual limit €50,000.
To join level three, a questionnaire must be completed and a tax return provided. Single transaction limit 30,000€, annual limit 200,000€.
A recorded interview is required to access the fourth level. Single transaction limit €60,000, annual limit €200,000.
For further information on identity verification levels, please contact [email protected]
Once you have selected the method by which you wish to make the transfer, you will be able to view Young Platform’s bank details.
The account from which you make the deposit must be in your name or co-owned by you and must match exactly the name under which you registered with Young Platform. Ordinary SEPA transfers from foreign (non Italian) accounts should take between 2 and 5 working days.
2. Deposit via debit, credit or prepaid card
To buy cryptocurrencies on Young Platform, you can deposit via debit and credit cards that use the Mastercard and Visa circuits. This deposit process is very simple.
Select Deposit from the Home or Euro Wallet;
Choose Euro;
Choose the credit or debit card option;
Add a new card or select an already added card;
Enter the amount, taking care to respect the minimum amount of 20€;
Continue to view transaction summary;
Confirm.
Your bank may ask you to authorise the transaction from their app or by SMS
The first time you add a card as a payment method, a small transaction will be processed through which you will be charged a few cents. This is a standard procedure to verify the card; the cents will be credited back to you automatically as soon as the procedure is successful.
Unlike bank transfers, depositing by card is immediate, so you should have received the amount you intended to deposit. Visa and Mastercard fees of 2.2% + € 0.25 apply to this type of deposit. Also for this deposit method, the card you intend to use must be in your name.
3. Deposit with Google Pay or Apple Pay
You can also use Google or Apple Pay to deposit quickly. To do so, you must have enabled Google Pay or Apple Pay on your device and linked at least one payment card
Let’s see how this deposit method works:
Select Deposit from the Home or Euro Wallet;
Select Euro;
Choose Google Pay or Apple Pay;
Enter an amount, starting from a minimum of 20€;
Confirm.
Done! Your top up should be immediate.
The commission charged for this type of deposit is the same as for card deposits, i.e. 2.2% + 0.25€.
4. Deposit with Young Cash voucher (if available in your country)
To buy cryptocurrencies on Young Platform, you can also deposit cash through Young Cash (if available in your country) by purchasing a voucher at participating tobacconists, bars and shops.
To deposit to Young Platform with a voucher, simply go to one of the stores that provide them (mostly bars and tobacconists) and buy the one that suits you. Once purchased, you will have to select the “YoungCash” deposit method, and then the “Voucher” section. Enter the alphanumeric code on the receipt and you’re done!
The cash deposit is credited to your Euro Wallet within 15 minutes and transaction fees of 2% are deducted from the amount.
5. Redeem a Gift Card
Gift Cards are gift vouchers from 20€ to 250€ that users can give to their contacts on Young Platform. If you have received a Gift Card, you can redeem it from the Young Platform app or web platform and use the credit to buy cryptocurrencies.
To redeem a Gift Card go to the ‘Profile’ or ‘Wallet’ section, click on the ‘Redeem Gift Card’ button and enter the code you received by email or SMS.
Done! The amount should have been credited to your Euro Wallet.
So, those are all the ways you can make a deposit with Young Platform to buy cryptocurrencies. Once you’ve made your first deposit, all you have to do is choose the crypto that’s right for you!
Everything you want to know about deposit methods: frequently asked questions
1.Why is it necessary to top up my account to buy cryptocurrencies?
The deposit is used to transfer money to your Young Platform account, in order to enable you to buy cryptocurrencies.
2.Do I have to pay a subscription fee to use my account?
Absolutely not! You do not have to pay any subscription fees to use your Young Platform account. You can top up your wallet as often as you like and you are under no obligation to deposit regularly.
How do I know when my deposit has arrived? Check your ‘euro’ balance to verify that the amount you intended to deposit has actually arrived.
3.If there are delays in crediting my money, who can I contact?
Should there be a delay in crediting your funds, first check the timeframe for the deposit method you used. If more time has indeed passed, you can contact support or ask for help on our Discord server. To contact support, fill out a ticket, we will be quick to respond to all your needs!
4.Is it safe to connect my card?
Yes, you do not run any risks by connecting your credit or debit card to Young Platform. Beware though! Some malicious users may create copies of our exchange to try to steal your funds. To avoid running into scams make sure that the website url is always: https://exchange.youngplatform.com/. Want a tip for using Young Platform? Save the above link in your browser favourites or use the app by downloading it from an official store.
5.How many cards can I connect to Young Platform?
You can add a maximum of 5 payment cards per month and 40 cards in total.
6.How do I withdraw my funds?
You can withdraw your funds from Young Platform by bank transfer. Check the dedicated support page.
7.Why are there multiple ‘wallets’ in my account?
On Young Platform, you can deposit both fiat currencies (Euro) and cryptocurrencies. Each account has a dedicated wallet for fiat currencies and a dedicated wallet for each cryptocurrency.
8.Can I remove my card whenever I want?
Yes, you can remove your card at any time! Go to the Profile section of your account from the mobile app or web platform. Then select the ‘Payments’ option and click on the ‘Remove’ card button.
9. How can I pay less deposit fees?
By joining a Club, you can receive cashback on your card deposit fees. Find out how in the dedicated article.
Want to transfer Ethereum and your other cryptocurrencies to Young Platform? Here is the complete guide!
If you want to transfer Ethereum or other cryptocurrencies from external wallets or other exchanges to Young Platform, read this step-by-step guide!
1. Select the crypto you intend to deposit
The first step in making a crypto deposit on Young Platform is to select the cryptocurrency you wish to deposit. To select it, simply go to the ‘Wallet’ section of the Young Platform app or web platform and click on the ‘Deposit’ button.
For this guide, we will use Ethereum as an example. In case you need to deposit a different cryptocurrency on Young Platform, don’t worry! The procedure remains the same, with one small addition. In some cases, as explained in the following paragraphs, you will have to add an extra code, the memo.
2. Copy your wallet address
Once you have selected the crypto you wish to deposit, click on the deposit button. You will then see a similar screen to the one below. Let’s use Ethereum as an example.
The alphanumeric code you see when accessing this section in person is the address of your Ethereum crypto wallet on the Young Platform exchange.
What is the wallet address? It is a code of 26-35 alphanumeric characters,needed to send crypto to a wallet. The wallet address has a similar function to the IBAN code for a bank account. It must therefore be communicated to the sender in order to receive cryptocurrencies.
To transfer your Ether from a self-custody wallet or another exchange, simply send the amount of ETH you want to this address. If you are using the mobile version of your wallet, you can also scan the QR code you see above for the wallet address.
Use the address found on ‘Deposit Ethereum’ only to send ETH. Each cryptocurrency has a specific network and wallet address. Sending for example AVAX, the crypto on the Avalanche blockchain, to your Ethereum address would result in the loss of the amount sent.
3. Deposit your crypto from a self-custody wallet
Let’s see how to transfer crypto to Young Platform from self-custody wallets, i.e. wallets whose private key you manage, such as Metamask. If you are not familiar with Metamask, it is a browser extension and open-source crypto wallet that allows users to interact with Dapps. This wallet, which was initially created to carry out transactions on the Ethereum blockchain, now allows interaction with all the most popular blockchains that are compatible with it. It is possible to use Metamask from both your desktop through the browser extension, and from smartphones through the app.
Let’s now move on to the Metamask browser extension. To transfer Ethereum from Metamask select the “Main Ethereum Network” from the drop-down list in the top right-hand corner. Then click on the “Send” button
Once you have selected that you want to send the funds, simply paste the address copied above and continue.
The next step to transfer Ethereum on Young Platform is to enter the amount of Ether you want to deposit. Please note that in order to process a transaction on blockchain, you need to pay gas fees. They are fees that are paid to validators by those who wish to make a transaction on blockchain, to ensure that transactions take place securely on the network. So, make sure you have the necessary amount of Ether on Metamask to pay these gas fees or the transaction cannot be processed. You can see the real-time gas fees. The more congested the Ethereum blockchain is, the higher the fees will be. In addition, the amount of gas feesyou pay will be directly proportional to how fast you want the transaction you send to be. You can choose the type of transaction by clicking on the ‘edit’ button inside the Metamask browser extension before confirming the transaction. For this type of transaction, which does not require high speed, there is a tendency to try and save on gas fees.
Once you have entered the amount you intend to deposit into Young Platform, all you have to do is click the ‘Next’ button. Then this screen will open, where you can see the amount of gas feesyou will have to pay to process the transaction and the total amount of cryptos you will ‘spend’. Once confirmed, the transaction will be processed.
Within a few minutes, you should receive the amount of crypto sent from your self-custody wallet. If the blockchain network is congested, you may experience delays for crypto deposits. In that case, you may have to wait until the transaction is confirmed. Should the crypto not be credited to your Young Platform account, request a ticket from the app or web platform.
4. Deposit your crypto from another exchange
To deposit crypto from another exchange, the process depends on the platform. In most cases, all you need to do is go to the “withdraw” section of your crypto wallet and paste in the address you copied above. One piece of advice we can give you is to read the guides of the exchange you intend to use to withdraw your funds. You can find these guides easily on Google by typing ‘crypto withdrawal (name of the exchange)’. For the Binance exchange for example, just go to the ‘Wallet’ section, select ‘Withdraw cryptocurrency’ and choose the crypto you want to withdraw.
Then paste in the address of your Young Platform wallet and select the network you wish to use. Caution! Always select the main network related to the crypto you want to deposit. By network we mean the blockchain on which each crypto is developed. For example, if you want to deposit the ETH crypto on Young Platform’s exchange, select the Ethereum network (ERC 20). If you are unsure which network is correct, ask for help in our Discord channel or contact support. If you send your cryptos to the wrong network you run the risk of losing them!
5. What is the memo?
For some cryptocurrencies, for example XRP, the crypto on Ripple’s blockchain, the memo must also be entered whensending a transaction. The memo or tag is a unique identifier assigned to each account to identify a deposit and credit it correctly to the relevant wallet. When you select the crypto you want to deposit and are given the address to send it to by the app or web platform, you will find the memo if you need it.
6. Deposit finalisation
Once the transaction is confirmed, your crypto deposit on Young Platform should be processed within a timeframe of a few seconds to a few minutes, depending on the congestion and speed of the network you are using. To ensure that your funds have arrived on the Young Platform exchange, visit the Wallet section of your app or Web Platform and check the balance of the crypto you have deposited. If you do not receive your crypto even after hours, you can talk to Support by opening a ticket or ask for help, or ask on our Discord server.
