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How to stake. All the ways to get rewards from your crypto

Learn how to stake cryptocurrencies, what staking is for, which service to use and which tokens can be locked up in staking.

Staking is a common crypto mechanism that permits the functioning of Proof-of-Stake blockchains. In fact, to achieve network consensus – which is necessary to validate transactions – these particular blockchains do not use an external source such as electricity or computational power; instead, they use internal resources, i.e., user guarantees. In other words, staking is the basis of a blockchain’s validation mechanism. However, staking can also refer to the process of locking up cryptos to obtain rewards without necessarily becoming a network’s validator. This article will look at how to stake and all the options available to obtain rewards from cryptos.

What is staking for? 

People who choose to stake might have different goals. Some people stake to become a validator, while others lock up their cryptos only to obtain a reward, delegating to other users the task of transaction validating. Let’s take a look at the different types of staking: 

1. Staking cryptos to become a blockchain validator

The validating nodes of a blockchain are responsible for finalising the network transactions. Contrary to what happens in Proof-of-Work chains, no special technical equipment is needed to validate transactions in Proof-of-Stake chains – it is sufficient to simply stake your crypto. In most cases, people or entities already have some experience in the blockchain field who become validators. You have to open a node after staking a certain amount of cryptocurrencies. This type of staking requires downloading a wallet that enables staking in the chain you want to become a node of, and staying online 24/7. Some blockchains also stipulate a minimum share of crypto to be staked, for example on Tezos it is 8,000 XTZ, on Ethereum 2.0 it will be 32 ETH. 

2. Delegating your stake

If you do not want to manage a validator node, you can delegate your stake to an existing node. Delegation is a convenient alternative if you wish to participate in the consensus mechanism of a blockchain with a lower investment of time and money. When you delegate a node, the amount of cryptocurrency you have staked joins the node’s stake. This way, the validating node will also use your cryptocurrencies to contribute to the functioning of the network. The rewards obtained for the validation work are distributed proportionally between the node and those delegated. You can delegate a node through platforms (decentralised or otherwise) that offer this service. 

3. Staking cryptos to take part in a blockchain’s governance 

In some cases, staking is used to let users participate in blockchain governance. Whoever stakes a certain amount of crypto earns the right to vote on updates, improvements and the direction of the blockchain’s roadmap. This way, staking increases the decentralisation of a project’s decisions.

4. Locking up cryptos to get rewards

Cryptocurrency staking can also mean simply locking up your cryptocurrencies for a period of time to obtain rewards, calculated annually and expressed in APY. These rewards are the equivalent of what traditional finance calls an annual percentage return. Locked cryptocurrencies cannot be traded or sold until the end of the staking period selected. How can I take part in this type of staking? This option is particularly suitable for people who are not particularly familiar with the crypto sector because it does not require any technical expertise, all you need to do is find out about the third-party service you choose. Now let’s see where you can stake! 

Where can you stake?

You can choose different third-party services for staking cryptocurrencies – there are decentralised platforms, dapp, and exchanges (centralised and not), as well as offline options such as external hardware.  

1. Staking via hardware 

Offline staking is called cold staking. In this type of staking, cryptocurrencies are locked up and stored in cold wallets, i.e. wallets that are not connected to the internet. Cold wallets can be hardware, paper wallets or offline applications. Cold staking is often used when locking up large amounts of crypto and to avoid the potential risk of cyber attacks. This type of staking is highly secure, but the staking is managed autonomously, without third parties mediating. For this reason, you need to be familiar with the mechanisms. Even if they are offline, cryptocurrencies in cold wallets are always connected to the blockchain and rewards are earned as in online staking. 

2. Staking via a CEX or DEX

One of the most commonly used services for staking online is through exchanges. Whether centralised or decentralised, exchanges often provide step-by-step guides on how to use staking tools. Each exchange has its features, differing in the type of solution, supported cryptocurrencies, and offered APY. You can choose the one that best suits your needs.

On Young Platform, you can access a simple and intuitive staking solution directly. Currently, you can lock various cryptocurrencies that support staking and earn rewards calculated based on APY, proportional to the amount you decide to stake.

Young Platform offers two staking methods:

  • Liquid Staking allows for greater flexibility with staked crypto without long-term locking.
  • Proof of Stake enables active participation in network security while earning higher rewards than other solutions.

For more information: Staking introduction: an innovative way to put your crypto to work

3. Staking Pools: decentralised protocols and dapps

Many decentralised protocols and dapps offer different staking opportunities. For example, you can lock cryptocurrencies up in Staking Pools, i.e. smart contracts or features that aggregate stakes of other users. Staking pools are usually used by blockchain nodes to increase the size of their stakes and, thus, the probability of being chosen as validators. Furthermore, DeFi protocols and platforms also offer options for Derivative Staking and Liquid Staking, in which rewards are earned through derivative products.  

Staking NFTs

Staking doesn’t end at coins or tokens – the latest frontier of decentralised finance also includes NFT staking. This works similarly to traditional staking – you lock up your non-fungible tokens on unique platforms to obtain rewards in crypto. Not all NFTs are suitable for this practice. Moonbirds, by the startup Proof, is a collection that has implemented a staking feature. Staking NFTs allows people to maximise their digital artwork and sometimes participate in the governance of their projects. 

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Young Platform: from crypto exchange to payment account

young platform payment account

Download the new version of the app. In addition to the Crypto section, we are developing the Save and Cash sections that will change how you manage your finances! 

In recent years, Young Platform has emerged as one of the leading players in the European cryptocurrency industry. Founded in 2018 as an exchange, the platform has always aimed to make the world of cryptocurrency accessible to everyone. Today, Young Platform is taking a significant step in its evolution by transitioning from a simple exchange to a crypto-native payment account. This change marks the beginning of a new era for the platform and its users, who will have access to more comprehensive and integrated financial tools.

Download Young Platform app

The new interface

Young Platform’s new interface features three main sections: Crypto, Save, and Cash. This structure allows users to manage their finances in a more organised and intuitive manner:

  • Crypto: This is the platform’s core, focused on buying, selling, and managing digital assets. Users can easily trade cryptocurrencies and utilise advanced tools like Smart Trades and Staking to enhance their trading experience. 
  • Save (coming soon): This upcoming section will enable users to manage their savings, set financial goals, and create automatic accumulation plans.
  • Cash (coming soon): This section will be dedicated to cash management in euros and equipped with advanced payment tools. Users will be able to receive salaries, make transfers, and use the Young card for everyday expenses.

This transformation marks a significant evolution in the industry, bridging the gap between traditional finance and cryptocurrency.

A revolutionised user experience

The platform has been redesigned to provide a smoother, more intuitive user experience. The interface ensures simple and accessible navigation, even for less experienced users. Users will be able to customise their homepage by setting up widgets and specific preferences to monitor their portfolios, profits, losses, and market performance.

Additionally, Young Platform has introduced a notification system that keeps users updated on portfolio performance and new opportunities, as well as the release of new features. Don’t forget to activate these notifications from the profile section and the newsletters!

Access to financial education is also a key focus of the platform. With a dedicated section for guides and insights, Young Platform aims to equip users with the necessary skills to make informed financial decisions.

The Box competition: win the Young Card!

To celebrate this significant change, Young Platform is launching “The Box” competition and offering exclusive prizes to participants. One of the most coveted prizes is the Young Card, which provides cashback of up to 3.6 %* and real benefits on everyday purchases.

The competition rewards our most loyal users and encourages them to explore the platform’s new features and embrace the ongoing changes. Participating is simple: Follow the instructions on the platform to accumulate gems and stand a chance to win exclusive prizes, including Apple devices, Sony products, Amazon vouchers, and more!

Discover The Box

Security and innovation 

With the transition to a crypto-native payment account, security has become a greater priority for Young Platform. The platform employs advanced protocols to safeguard users’ funds and data, and new authentication systems have been introduced to provide even more secure access.

Another significant innovation is obtaining a personal IBAN, enabling users to receive payments directly to their Young account. This feature enhances the platform’s versatility, making it suitable for a wide range of users, from experienced traders to those who simply want to manage their liquidity more effectively.

Towards the future: the integration of traditional assets

Young Platform’s evolution is ongoing. By the end of 2025, the platform intends to incorporate investments in traditional assets, providing an increasingly comprehensive experience. This shift will establish Young Platform as a leader not only in the cryptocurrency space but also in overall financial management.

Integrating ETFs and other traditional financial instruments will allow users to diversify their investments without switching between multiple platforms. The aim is to create a complete financial ecosystem in which every investor, regardless of experience level, can find the right tools to grow their capital.

This expansion is crucial to attracting a wider audience, particularly those who have previously viewed cryptocurrencies with scepticism. By bringing traditional assets into a native crypto platform, the aim is to break down the barriers between these two worlds and offer a practical solution for asset management.

The impact of regulation and Young Platform’s vision

Young Platform has recently achieved payment account status, enhancing its compliance with European regulations and providing users with a secure and regulated environment. By adhering to the MiCA (Markets in Crypto-Assets) regulations and obtaining the necessary licenses, the platform is taking significant steps toward being recognised as a key player in the financial sector.

This regulation offers excellent consumer protection and enables Young Platform to operate in a more stable and transparent environment. Young Platform aims to set an example of compliance and transparency, distinguishing itself from many international platforms functioning in unregulated settings.

Another essential aspect of Young Platform is the decentralisation of financial management. Drawing from the principles of the blockchain ecosystem, the platform empowers users to maintain control over their funds and investment decisions.

A new way of experiencing digital finance

The future of digital finance goes beyond technology and involves the mindset with which people manage their capital. Young Platform is redefining wealth management by providing tools that enable anyone to invest with knowledge and security.

In a world where bureaucratic barriers and rigid institutions often hinder access to financial services, Young Platform presents an innovative and inclusive solution. It aims to create an ecosystem where blockchain technology can coexist with traditional financial tools, all while maintaining security, reliability, and accessibility.

Download the new version.

Young Platform is evolving from a sole exchange to a complete ecosystem integrating traditional and crypto finance into a single interface. With the introduction of the payment account and the restructured Crypto, Save, and Cash sections, users will gain access to more advanced and organized investment tools.

The ‘Box’ competition marks just the beginning of this new phase. Young Platform is committed to continuous innovation and aims to provide an increasingly competitive, cutting-edge solution. In this true financial hub, users can develop their wealth growth strategies by combining traditional and innovative approaches.

*Cashback depends on club membership and level: the higher the level, the higher the percentage. Platinum Club members get up to 3.6%.

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The Best Budgeting Apps in the UK: Top Picks for 2024

The Best Budgeting Apps in the UK: Top Picks for 2024

Managing a personal budget is essential for anyone looking to save, invest, or simply gain control over their finances. If you’re wondering how to effectively handle your budget, we’ve compiled a list of the top budgeting apps that make money management effortless. These applications not only simplify tracking expenses but also help you avoid unnecessary spending—essential for those striving for financial security.

Forget about complex spreadsheets! With these apps, managing a budget is easy, enabling you to save more and plan for future investments. Here’s our top five picks for the best budgeting apps in the UK in 2024.

1. Spendee

Spendee is a highly effective budgeting app that stands out for its versatility. It enables users to link bank accounts, including some cryptocurrency wallets, making it easier than ever to track transactions and spending. This seamless connectivity means that users can stay updated on their finances in real time, eliminating the need for manual entry.

Spendee provides useful visual aids, such as graphs and dashboards, which offer insights into spending patterns. These tools make it simple to identify where most of your money goes, making it an ideal choice for anyone looking to reduce unnecessary expenses.

Key Features:

  • Bank account and cryptocurrency integration
  • Customisable charts and dashboards
  • Real-time transaction tracking

2. Copilot

Among the top budgeting apps, Copilot is unique due to its integration of artificial intelligence. This app acts as a digital personal finance assistant, offering spending insights and customised budget recommendations. While currently only available in the United States, Copilot has set a new standard for budget apps by providing tailored financial advice on the go.

As a finalist in Apple’s App Store Awards, Copilot’s cutting-edge features make it a standout option. With AI assistance, users gain personalised budgeting tips that help them stay on track with their financial goals.

Key Features:

  • AI-powered budget tracking and insights
  • Personalised financial advice
  • Winner of App Store Awards (US only)

3. YNAB (You Need A Budget)

YNAB is widely considered one of the best budgeting apps for those committed to financial discipline. The app’s core philosophy is to give every pound a purpose, encouraging users to allocate each penny towards specific goals. By dividing expenses into categories—such as savings, bills, or investments—YNAB enables a structured approach to budgeting.

For those who want a comprehensive tool, YNAB is ideal. It includes monthly planning features, educational resources, and workshops on financial literacy. YNAB aims not only to track expenses but also to improve your relationship with money.

Key Features:

  • Goal-oriented budgeting for each pound
  • In-depth tutorials and workshops
  • Monthly planning and detailed budgeting categories

4. Money Manager

For users who prefer simplicity, Money Manager is an excellent choice. It’s a straightforward budget app that allows for easy logging of daily income and expenses. The app categorises transactions automatically, giving users a clear overview of their spending patterns.

Money Manager provides helpful visual reports, making it easy to identify where you could cut back on spending. This lightweight app is perfect for anyone looking for a no-fuss way to manage their finances.

Key Features:

  • Simple transaction logging
  • Expense categorisation and visual reports
  • Lightweight design, ideal for users wanting a straightforward app

5. Wallet

The final app on our list is Wallet, another great choice among the best budgeting apps in the UK. Like Spendee, Wallet supports automatic bank account linking for real-time expense tracking. Wallet also allows for shared budgeting, which can be handy for families or couples managing joint expenses.

One unique feature of Wallet is its savings goals, where users can set financial milestones and track their progress. Push notifications provide reminders of your financial commitments, helping you stay focused and avoid impulse purchases.

Key Features:

  • Automatic bank account linking
  • Shared budgeting for group finances
  • Savings goals and notifications to keep you on track

Why Use Budgeting Apps?

Utilising one of the best budget apps can make financial management significantly easier. These tools can help you categorise expenses, identify overspending, and set financial goals—all essential for those aiming to boost savings and cut out unnecessary costs. Whether you are looking for a simple tracker or a comprehensive financial planner, there is an app that meets your needs.

With any of these apps, you’ll gain better visibility over your finances, helping you lay a foundation for more informed spending and saving decisions. When your budget is under control, you can consider exploring investments. A practical approach for beginners is recurring purchases, a strategy that allows you to invest incrementally and consistently.

Discover the Moneybox

By choosing the best budgeting app for your lifestyle, you can make financial management more straightforward and enjoyable. Start today with one of these budgeting apps and take the first step toward a secure financial future.

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Differences between Mortgage Rates: Eurirs, Euribor, ECB and Inflation

The central reference rates for mortgages, Eurirs, Euribor, and ECB, differ. How do they vary with inflation, and how do they affect the cost of a mortgage?

The interest rate on your mortgage is one of the most important aspects to consider when deciding to borrow money. Understanding the differences between Eurirs, Euribor, and ECB rates can make a big difference in choosing the most suitable loan. 

Let’s examine in detail how these rates work, how they vary, and what influence inflation has on them.

Euribor: variable-rate mortgages

The Euribor, or Euro Interbank Offered Rate, is the average interest rate paid by banks in the Eurozone to lend money to each other. Or, in simple terms, it represents the cost of money in the Eurozone at a given time. The Euribor is calculated daily by the European banking federation through the weighted average of the interest rates of the most active banks in the Eurozone. This index varies daily and can have different reference durations, from one day up to 12 months. For example, the three-month Euribor rate was 3.7% on 10 July 2024. 

But what does this have to do with mortgages? The Euribor interest rate is the benchmark (or reference) used to calculate the interest rate of financial products such as personal loans, mortgages and variable-rate bank deposits. In other words, the instalments that those who have taken out a variable-rate mortgage have to pay vary directly to Euribor; if Euribor falls, they become cheaper. 

Eurirs: fixed-rate mortgages

On the other hand, the Eurirs (Euro Interest Rate Swap) is the reference rate for fixed-rate mortgages. Like the Euribor, it represents the cost at which banks and other European credit institutions borrow money from each other at a predetermined cost. The Eurirs is calculated daily by the European Banking Federation and varies depending on the loan duration. The longer the period, the higher the rate applied. For example, as of 10 July 2024, Eurirs rates for a 20-year mortgage were 3.6%.

ECB interest rates

Finally, we come to the ECB interest rates, the ones we hear about most often, especially from 2021 onwards, as they have been raised to fight inflation. These are decided monthly by the European Central Bank and represent the rate at which commercial banks can borrow money from it. To understand the difference between previous lending rates and ECB interest rates, the ECB interest rate can be interpreted as the ‘wholesale price’ of money for European banks. 

However, to understand how these vary, we cannot ignore inflation, an economic phenomenon that represents the general increase in prices over time and reduces the purchasing power of currencies. 

But why does inflation affect interest rates? The relationship between these two values is not direct. Interest rates do not automatically change in relation to inflation since they are decided by the ECB. However, the world’s central banks intervene when the cost of money reaches worrying levels, in most cases, by raising them.In conclusion, choosing the right mortgage requires understanding the different reference rates and their variations. Eurirs offers stability for fixed-rate mortgages, while Euribor represents variability for variable-rate mortgages. The ECB rate directly influences the short-term cost of money, and inflation plays a crucial role in the economy, affecting all interest rates.

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Self-Improvement Books: Which Are the Best?

Which are the best self-improvement books? A list of ten titles you absolutely must read.

Identifying the 10 best self-improvement books is a challenging, nearly impossible task given that every reader has their tastes and may be driven by specific needs. However, given the incredible literary output in this field, it can be helpful to make a selection, especially for those who need to choose their first book of this type and don’t know where to start.

Here is our list of the 10 best self-improvement books.

  1. “Deep Work” by Cal Newport

“Deep Work” explores the importance of dedicating oneself intensely to complex and meaningful tasks to achieve extraordinary results. Newport provides practical strategies for cultivating concentration and improving productivity.

This book is perfect for those who want to reduce distractions and increase the effectiveness of their work. It helps them develop the ability to work deeply and manage time better.

After reading this book, you might start exploring the world of cryptocurrencies. Through this work, Cal Newport provides very effective tips for studying and delving into the most complex topics of our time. What could be better than this innovative sector where various disciplines mix, mainly computer science and economics?

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  1. “Atomic Habits” by James Clear

“Atomic Habits” offers a detailed guide on how to build positive habits and eradicate negative ones through small daily changes. Clear uses scientific research and personal stories to illustrate how habits shape our lives. This book is essential for those who want to improve gradually and achieve lasting results, offering simple and practical strategies that can lead to significant changes in their lives.

  1. “The Power of Now” by Eckhart Tolle

“The Power of Now” is a classic in all bookstores in the self-improvement section. It teaches the importance of living in the present to achieve inner peace and happiness.

Tolle combines elements of philosophy and psychology, offering a practical guide to living a more mindful and fulfilling life. Through the book, Tolle helps readers free themselves from the chains of the past and worries about the future, focusing on the only moment that truly matters: the present.

  1. “Your Erroneous Zones” by Wayne W. Dyer

“Your Erroneous Zones” is a fundamental book for those who want to free themselves from self-limiting thoughts and behaviours. Wayne W. Dyer offers practical strategies to identify and overcome “erroneous zones,” or those ways of thinking that prevent achieving full personal fulfilment. This book invites you to take control of your life and live it more authentically and freely.

  1. “The 7 Habits of Highly Effective People” by Stephen R. Covey

This book is a comprehensive guide to improving personal and professional effectiveness through seven fundamental habits. Covey provides tools and strategies to develop a balanced and productive life, making it a must-read for anyone who wants to improve their time management and leadership skills.

  1. “Designing Your Life: How to Build a Well-Lived, Joyful Life” by Bill Burnett and Dave Evans

Bill Burnett and Dave Evans, professors at Stanford University, present an innovative approach to designing a fulfilling life using design thinking principles.

“Designing Your Life” offers practical tools for fully exploring your passions, overcoming obstacles, and building a rewarding career and life. This book is ideal for those seeking a structured method for tackling important life decisions with creativity and confidence.

  1. “Think and Grow Rich” by Napoleon Hill

A classic of motivational literature, “Think and Grow Rich” explores the fundamental principles of financial and personal success. Hill analyses the habits and philosophies of great businessmen and suggests to readers how to apply them in their daily lives to achieve ambitious goals.

Based on decades of research, this book offers practical strategies for achieving success.

  1. “Tools of Titans” by Tim Ferriss

“Tools of Titans” is a collection of advice and strategies from some of the world’s most brilliant and successful people, gathered and commented on by Tim Ferriss.

The book covers many topics, including health and professional life, offering practical insights and the right inspiration to improve your lifestyle. Ferriss distils information from over 200 interviews with world-renowned athletes, entrepreneurs, and artists, making this book a treasure trove of valuable knowledge.

  1. “The Elephant in the Brain” by Kevin Simler and Robin Hanson

“The Elephant in the Brain” analyses the unconscious motivations that drive our behaviour. The authors argue that many of our actions are guided by hidden motivations we do not know. This book offers a fascinating perspective on how the human mind works and how our true motivations influence our daily behaviour.

  1. “Principles: Life and Work” by Ray Dalio

Ray Dalio, one of the world’s most renowned investors and entrepreneurs, shares the principles guiding his life and career. The book is a collection of lessons on how to face personal and professional challenges with wisdom and integrity, offering valuable teachings on leadership, risk management, and innovation. Dalio presents a structured approach to life and work based on clear and tested principles, which can help anyone improve their decision-making skills and succeed.

These books represent some of the best resources available for those looking to improve themselves and succeed in various life aspects. Each offers practical tools and strategies that can be immediately applied to begin one’s journey of personal growth.

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Is now a good time to take out a variable-rate mortgage? Euribor forecasts

Euribor forecasts: variable-rate mortgages

How will the cost of variable-rate mortgages vary in the coming months? To predict this, it is necessary to analyse the central forecasts on Euribor, the European reference interest rate.

What the latest forecasts tell us about the Euribor, or Euro Interbank Offered Rate, which is the average interest rate paid by banks in the eurozone to lend money to each other and the benchmark for variable-rate mortgages.

In recent months, Euribor forecasts, particularly three-month ones, have attracted the attention of many financial industry experts, who have analysed various factors to predict future fluctuations. What is the current Euribor forecast for the last months of 2024?

Euribor forecasts: what will happen in the short term?

The first actor to provide its Euribor forecast is, as one would hope, the European Union, through the ‘Spring 2024 Economic Forecast’, a report analysing, in a broad sense, the economic situation in Europe. 

The executive summary of the document provides an overview highlighting the most important data for the Union, such as the Gross Domestic Product (GDP) growth rate and the inflation rate. It also includes some forecasts on Euribor and the factors that will influence it. 

Of course, the future of the Euribor is closely linked to the decisions of the European Central Bank (ECB) regarding interest rates. These were already reduced by 25 basis points in June and currently stand at 4.25%. According to the Union, these will reach the threshold of 3.2% by the end of the year and 2.5% by the end of 2025.

Chatham Financial expects Euribor to decrease to 3% by early 2025 and 2.7% by the end of next year. 

Erste Group, one of the leading financial institutions in Central and Eastern Europe, has a slightly more optimistic Euribor forecast. After the first interest rate cut in June, the lending institution expects Euribor to reach 3% by the end of the year and 2.6% by July 2025.

Most banks and credit institutions’ forecasts for the last months of 2025 are similar. They all expect the three-month Euribor to fall, possibly dropping below 3% after next summer. This suggests easing the ECB‘s restrictive monetary policies in response to lower inflation.

The impact on variable-rate mortgages

Why are Euribor forecasts important for those who have taken out a variable-rate mortgage or intend to do so shortly? Because the mortgage cost varies precisely according to the fluctuations of this value. Therefore, a decrease in Euribor would reduce the monthly mortgage instalments, thus enabling holders of variable-rate mortgages to save money.

In short, the Euribor forecasts suggest that a favourable market phase for variable-rate mortgages is ahead of us after a few years of very steep repayments! As mentioned in the previous paragraphs, this trend is closely linked to ECB policies and global economic conditions. This information is crucial for borrowers to plan their finances better and consider possible switches to fixed-rate mortgages if more stability is desired.


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Profit and Loss: how to monitor your crypto portfolio performance on Young Platform

profit and loss young platform

Managing performance with the new P&L calculation method

Young Platform has updated its P&L (Profit & Loss) feature to offer a clearer and more detailed view of your crypto portfolio’s performance. As of June 2025, the system employs a new calculation method, which features interactive charts, detailed statistics, and revised data handling.

This is not a brand-new feature, but rather an optimisation of how existing data is analysed. It allows users to easily track:

  • Overall portfolio performance
  • Gains or losses on each individual cryptocurrency
  • Current value across the various wallets (Main, Savings, Staking, Smart Trade)
  • Realised and unrealised performance over time

To view your updated data, simply go to the “Profit and Loss” section within the app or web platform.

P&L method and tax reporting

The new calculation method is now also used to generate the tax report available on the platform. This integration ensures that the data shown in the P&L section is fully aligned with what is needed for income tax reporting.

Main user benefits include:

  • Consistency between operational analysis and tax data
  • Realised gains calculated in accordance with current regulations
  • Easy-to-export tax report, readable by your accountant

This synergy between performance tracking and regulatory compliance streamlines crypto asset management from both financial and legal perspectives.

How the P&L calculation works

Young Platform distinguishes between realised and unrealised gains and losses.

Realised Profit (or Loss)

This refers to the actual gain or loss made from completed operations: sales, withdrawals, or conversions into euros or stablecoins.

Learn more about stablecoins and taxation: Crypto-assets: from MiCAR to the Italian tax system

Calculation:
 Sale/withdrawal/conversion price – average purchase price
Fees are included and counted as a loss.

Note:
 Conversions between cryptocurrencies (e.g., BTC > ETH) do not count as realised gains, but transfer their value as unrealised capital gains.
Conversions to stablecoins (e.g., BTC > USDC), however, do count as realised gains, just like conversions into euros.

Example:

  • Purchase: 0.5 BTC at €15,000 (€30,000/BTC)
  • Sale: 0.5 BTC at €17,500 (€35,000/BTC)
  • Realised profit: €2,500

Unrealised Profit (or Loss)

This is an estimate of the value change of cryptocurrencies still held in your portfolio.

Calculation:
 Current value – average purchase price

Note:
 Applies only to crypto assets that have not yet been sold, withdrawn, or converted into euros/stablecoins.
Conversions between cryptocurrencies retain the gain as an unrealised capital gain.

Example:

  • Purchase: 0.5 BTC at €15,000
  • Current value: €17,500
  • Unrealised profit: €2,500

Average purchase price: definition and usage

The average purchase price represents the unit cost of a cryptocurrency over time.

Key features:

  • Updated only when buying
  • Unaffected by sales, withdrawals, or conversions
  • Used to calculate both realised and unrealised profits
  • When transferring assets between internal wallets (e.g. from Savings to Staking), the average purchase price follows the asset

How to read the data in the Analytics section

The Analytics section has been enhanced to provide a clear and detailed overview of your portfolio’s structure and performance. It includes:

Total performance

Total performance shows the overall gains and losses in your portfolio, expressed both as a percentage and in euros. It takes into account all value fluctuations, including realised and unrealised gains and losses.
Figures are updated every hour and shown net of any fees.

This metric provides an immediate and accurate snapshot of your portfolio’s growth or decline, making it a crucial reference for evaluating overall performance.

Breakdown by functionality

This section displays how your capital is distributed across the various investment strategies available on Young Platform: Main Wallet, Savings, Staking, and Smart Trade.
For each, it shows the total unrealised gain, allowing you to quickly identify which strategy is delivering the best results.

Volume analysis

This tool lets you monitor your activity in detail: deposits, withdrawals, and orders (buy, sell, or swap). You can select a specific time frame and filter by transaction type, generating a detailed chart of your operations.
This enables complete control over your activities and supports more strategic decision-making.

Crypto distribution

Displayed via a pie chart, this section shows the percentage breakdown of your crypto holdings by asset.
Each segment represents a specific cryptocurrency, helping you visually assess the weight of each asset and decide whether to rebalance your portfolio.

Transactions

Here, you’ll find a detailed list of all your transactions, including type and volume.
This view is also useful if you’re considering upgrading your verification level or joining a Club plan that offers reduced fees based on your trading volume.

Balance distribution

This chart shows how your capital is allocated across different investment strategies on the platform.
Each segment represents a strategy and highlights its proportion of your total balance.
It’s a valuable tool for evaluating diversification, exposure, and the impact of each strategy on your overall returns.

Asset type allocation

This provides a clear overview of how your portfolio is split between euros, cryptocurrencies, and stablecoins.
It helps you assess your exposure to volatility and balance between stable and high-risk assets, supporting more informed planning and risk management.

Further reading:

The updated P&L method on Young Platform marks a significant step forward in managing crypto investments with clarity and accountability. It enhances real-time performance tracking while integrating seamlessly with fiscal reporting, simplifying your annual tax process.Whether you’re a seasoned investor or just getting started, you now have a powerful tool to monitor, evaluate and document your crypto activity in a clear, structured, and compliant way.