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Amounts for Card Deposits have increased

The maximum amount allowed to deposit by credit or debit card on Young Platform has changed.

How does the card deposit work?

Depositing by credit, debit or prepaid card via Visa or Mastercard is a deposit method only available in Italy for cards issued in Italy.

This is one of the instant credit methods, along with Satispay. Instant transfer and cash recharge can take up to 15/30 minutes.

What changed?

You can now deposit up to €1500 in a single card transaction, instead of €250.

Within a 7-day period, you can deposit up to a maximum total of €3000 by card, while there is no longer a daily limit.

In the case of Cards, these limits apply to all Account Levels without distinction, whether you have only completed the Level 1 identity verification, or the following.

In fact, it is only in the case of Bank Transfers that limits depend on Account Levels.
You can consult the limits and fees for other deposit methods on this page.

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Acqui-hiring: Young Platform absorbs the skills of Arithmos Trading Ltd

The acquisition will allow Young Platform to develop new and innovative proprietary trading algorithms, fully automatic and built ad-hoc for the crypto markets

Arithmos Trading Ltd has distinguished itself through its achievements, with dozens of certified track records and its methodology for designing new automated strategies

The operation will result in an Italian company bringing back talent and advanced technologies in the crypto world that had previously ended up abroad

Turin, 13 January 2021 – Young Platform S.p.A., the platform that simplifies access to the world of cryptocurrencies, has announced the acquisition of Arithmos Trading Ltd, a company specialising in the development of fully automated trading systems. An automated trading system processes multiple sources of information at a very high speed in order to maximise profit while minimising risk and human intervention.

Arithmos Trading Ltd’s algorithms have been proven, with certified track records and objective results, to address the changing and unique needs of the crypto markets. Through this operation, Young Platform intends to consolidate its position as a leading Italian crypto exchange, capable of bringing new and exclusive features to its users in the future.

Through the acqui-hiring operation, the intellectual property of Arithmos and its team will be integrated into Young Platform’s staff, thus allowing an Italian company to bring back advanced technologies and competencies in the crypto world that had previously ended up abroad.

Arithmos Trading Ltd was established in London in 2020 after years of research and development by its two founders, Edoardo Degli Innocenti and Matteo Meinardi, both engineers with MBAs from the Collège des Ingénieurs. In a short time, Arithmos has managed to invent a proprietary methodology capable of building robust algorithmic trading systems capable of automatically trading in more than 20 different markets simultaneously.

The great flexibility and originality of the strategies of the London-based firm, which has developed three different families of trading systems capable of generating net profits of over 70% per year, will allow Young Platform to enable a set of new exclusive features for platform users in the future, based on the most modern techniques of strategy design and artificial intelligence, thus gaining a further concrete competitive advantage in the market.

The operation is strategic in the overall industry landscape, which has seen major international financial market players introduce innovative algorithmic trading products during the pandemic to ensure better services and help clients navigate the increasingly complex and volatile market dynamics.

Edoardo Degli Innocenti and Matteo Meinardi, founders of Arithmos Trading Ltd, commented: “We are proud to have achieved such ambitious results in just two years, thanks to a focus on the development of innovative and effectively integrated products, from which we expect considerable synergistic contributions to accelerate the growth of Young Platform into an industry leader.”

Andrea Ferrero and Mariano Carozzi, CEO and Chairman of Young Platform, commented: “We believe that artificial intelligence applied to trading will play a significant role in Young Platform’s future. The solutions developed by the Arithmos team are the highest in terms of reliability and performance. We are excited about Young Platform’s upcoming future, and with this team on board, we hope to further accelerate our development at an international level as well. “

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Recurring Purchase now with Satispay on Young Platform

satispay

We have developed the missing piece that completes the functionality of Recurring Purchase, Money Box and Deposit with Satispay. We combined all 3!

If you haven’t guessed, you can now set up Recurring Purchase and pay with Satispay.

Let’s do a quick recap, for those who missed the last features released last year.

How does the Satispay Deposit work?

Since November you can top up your Young Platform account with Satispay in the following way:

  1. For free
  2. Instantly

This means that it is also free to use Satispay for recurring purchases on the Wallet and the Money Box. Needless to say, this is the most convenient deposit method if Satispay is available in your country.

Read our guide

What is the Recurring Purchase?

Do you prefer to buy Bitcoin or Ethereum on a regular basis, instead of keeping up with the market?

While you are buying, you can choose to set a frequency with which this will be repeated: weekly, every two weeks or monthly.

Just set the amount and choose how you want to pay: with your Euro Wallet, by card (Italy)… or with Satispay!

Once confirmed, the first operation will be performed and then regularly repeated automatically. 

If you choose to pay by card, each time a deposit will be made that requires a fee and then a purchase that requires a second fee. 

If you use Satispay, you only pay the purchase fee.

Want to push the envelope? By buying the YNG token you can even halve your purchase fees.

Read our guide

What is the Money Box?

Did you know that recurring purchases can also be programmed to top up the Money Box on a regular basis?

The Money Box is a separate wallet from the one you use to buy and sell. It is the ideal place to accumulate and store cryptocurrencies for the medium term. It helps you realise your goals more easily and keep track of all your crypto operations on Young Platform.

Read our guide

Sign up to Young Platform
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To the Metaverse and beyond with Young Platform

In Young Platform November is the month dedicated to Meta and the Metaverse: every wednesday a new cryptocurrency

As everyone knows by now, on 28 October Mark Zuckerberg announced the rebranding of Facebook to Meta. The name refers to the company’s vision of creating a metaverse that brings together all its products to create a single virtual interaction space.

So these days there is nothing but talk of the Metaverse, but it is not a new concept. 

The Metaverse is a dematerialised parallel world using virtual or augmented reality technologies.

In this parallel reality, you can play, create, make friends and even work. Many companies are involved in creating technologies to facilitate access to this dimension or experiment with virtual worlds’ operation.

You may have heard of Second Life, a game released in the early 2000s, seen films such as Ready Player One, or perhaps even tried a pair of VR goggles. More recently, you may remember that social distancing brought out new ways of visiting a museum or a house on real estate sites last year. Well, this is the next frontier of the Internet.

What happened in the crypto market?

If you are even familiar with the crypto and NFT environment, you will have heard of metaverse on blockchain, such as The Sandbox. Blockchain projects are even more fascinating because they make the metaverse decentralised, so its management is in the hands of the players.

This is where it gets interesting. The social giant’s announcement, in fact, had a particular effect on the small blockchain world: the price of some cryptocurrencies linked to a metaverse on blockchain went up considerably.

Axie Infinity (AXS), the largest-capitalised NFT-cryptocurrency, reached a new All-Time-High on 6 November, with 25% growth since the announcement. 

The Sandbox (SAND), on the other hand, is the one that has done the most impressive numbers, with a 224% price increase from 28 October to 8 November.

It seems only right that we devote the rest of this November to the Metaverse, in all its facets, but especially on blockchain.

What’s going to happen?

  • There will be wednesday-listings of new cryptocurrencies on Young Platform
  • You will be able to read dedicated insights on the Academy
  • You will receive news on this topic from the Blog

Buy SAND!
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Young Platform raises €3.5 million from United Ventures

Turin, 28th June 2021. A few months after Young’s third birthday, we want to celebrate with you a new stage in our history. We have closed a new €3.5 million capital increase with United Ventures, one of the Italian leading venture capital funds in Italy specialising in investments in digital technologies.

This Top League round represents an important confirmation for Young Platform, which will allow us to consolidate our leadership in Italy and lay the foundations for an international expansion.

Founded to bring transparency, inclusion and education to the world of personal finance and digital assets, Young Platform will continue to develop new services related to cryptocurrencies and decentralised finance, while maintaining our community-driven identity, and focus on user education through user-friendly products. 

Young Platform is first and foremost a community, a group of enthusiasts and professionals who share valuable know-how. This sharing principle has resulted in our products becoming educational tools for people who want to enter the crypto market but don’t know where to start, as they can access the knowledge base to do so in an informed manner. 

We believe that education and awareness are the best ways to get started, that’s why our educational content is available for free to all levels of experience, with 24/7 support.

The company, the team, and our community of nearly 300,000 cryptocurrency traders and enthusiasts could not have found a better partner than United Ventures’ team.

United Ventures’ mission is to identify and promote disruptive innovations in the Italian technology industry and turn them into international businesses. However, what has certainly driven our union is the sharing of common values – first and foremost, the belief in always putting people first.

Their investment portfolio already includes the likes of MusiXmatch, Moneyfarm and Faceit. It is therefore an honour to join this team and bring our community with us.

 

To the moon!

Team Young

Read the article on Tech.eu and EU-Startups

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Everything you need to know on Ripple, XRP and the SEC

According to European legislation, Ripple is compliant. Therefore Young Platform will not be removing XRP

The Enquiry

On 22 December, the SEC filed a lawsuit against Ripple Labs, the company behind the cryptocurrency XRP. The SEC (Securities and Exchange Commission) is the federal agency that oversees the US stock exchange. The SEC is investigating the relationship between Ripple Labs and XRP, alleging that the latter is actually a security token.

The SEC alleges that the founders launched the XRP currency by selling it as a share of the Ripple company, without registering it as such. The ICO launched by XRP raised more than $1.3 billion from investors all around the world. Therefore, the lawsuit centres on the fact that the SEC holds Ripple Labs responsible for failing to register its offering as an investment contract for investors. Ripple promptly responded to the lawsuit, anticipating the SEC’s official charges on Twitter.

XRP will stay on Young Platform

The debate has led to the major US-based exchanges delisting or planning to delist XRP.

However, according to European legislation, Ripple is compliant. Therefore Young, like other European exchanges, will not be removing XRP from the Young Platform and Young Platform Pro exchanges at this time. This is because we want to avoid harming our users and give them the ability, in accordance with current European regulations, to continue to sell, buy or trade their XRP.

The future of XRP on Young Platform

Should the company’s main liquidity providers remove Ripple from their offerings, it is likely that Young will also be forced to delist XRP. Should this happen, our customers’ funds will still be protected by allowing them to be converted to fiat or sent to external wallets prior to removal. Again, users will be notified well in advance to allow them to better plan and manage their XRP funds.

Young will continue to follow the debate closely and keep its users updated.

XRP recorded a 55% growth in the last 24 hours.

Read more about Ripple and XRP in our dedicated Academy article.

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The new Ranking is out now!

Discover the new Profile Section and the new Ranking on Young Platform Step: you can decide the duration, the number of partecipants and the prizes!

Many things have changed in these months and our movements are still restricted, but Step wants to take back a little bit of freedom.

So no more weekly rankings: now you choose the terms of the race!

Whereas the ranking has always been a great virtual gathering of walkers and runners, from now on small groups of friends or community users will form thanks to the new custom rankings.

How does it work?

With the new Rankings section ou have a new way to challenge your friends and the Community. Decide the duration, the number of participants and the prize up for grabs.

The prizes work like this: participation requires a contribution in YNG and the sum of each participant’s contributions will go to the winners.

Another new feature is that, once you’ve joined a ranking, you can invite your friends to compete with you.

What can I do to start?

  • Join the ranking of another Step user
  • Create a new ranking yourself

Read the complete guide for full details on how the Ranking section works.

What about the old rankings?

All old rankings (global and weekly) are deactivated and their winners will no longer receive prizes from today.

Other news

The Profile section has also changed.

You can now find an overview of all your progress related to steps and the Up&Down functionality.

Moreover, products purchased in the Marketplace have been removed from the Profile and placed in the Marketplace toolbar (icon at top right).

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Young Platform continues its social commitment: support Dynamo Camp

Join the Dynamo Camp’s fundraising campaign by donating cryptocurrency through Young Platform’s app

Young Platform now offers to all its users the possibility to donate for Dynamo‘s new fundraising campaign, by inserting a banner inside the Stepdrop app and on the Young Platform exchange.

Dynamo Camp Onlus is an association that offers free Recreational Therapy programs to children from 6 to 17 years old, suffering from serious or chronic diseases, to their families and brothers and sisters. The activities take place at Dynamo Camp and, with Dynamo Programs, in hospitals, pathology associations and family homes in the main cities of the Italian territory.

“After contributing to the success of the Italian Red Cross fundraising with Helperbit, Young Platform’s commitment to supporting charitable initiatives continues,” said Andrea Ferrero, CEO & Co-Founder of Young Platform.

“In a difficult time like the one we are experiencing, we believe that it is more important than ever to support and introduce our users to realities like Dynamo that have been committed to helping the community for years”, concludes Ferrero.

Dynamo, which has been in business for over 13 years, structures its activities according to the Dynamo Recreational Therapy model, which has objectives of fun and entertainment but also and above all of being a stimulus to children’s abilities and of renewing self-confidence and hope.

“We hope that this is only the beginning of a long collaboration between our two realities. We are in fact already working on further initiatives, such as some ad hoc features on our Stepdrop app designed for Dynamo and the possibility of making donations directly in cryptocurrency,” says Diego D’Aquilio, CMO & Head of International Expansion of Young Platform.

Dynamo is part of the SeriousFun Children’s Network, which since its first Camp in Connecticut in 1988 by actor and philanthropist Paul Newman, has seen more than 1,185,000 children and family members participate in its programs around the world from more than 50 countries. Since 1988, 275,800 volunteers have dedicated their time to SeriousFun projects, demonstrating how deeply rooted and internationally present this organization is.

To help raise money for Dynamo

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Young’s Community. Follow us on Social Networks

Young Platform’s community runs on social networks, let’s keep in touch

Some of you have been with Young since the beginning, when there were only 7 of us in an apartment on the outskirts of Turin. Others arrived thanks to word of mouth and brought some novelty to our community. Finally, new users arrived: people we met around the world at crypto and blockchain events, enthusiastic young university students or, simply, Apple Store and Google Play argonauts.

What hasn’t changed, is the time we spend together on our official social networks, channels we use to tell the buzz of our offices, discuss about product functionality, keep you updated with selected content and sometimes leave the floor to the mentors who guide us in our exploration of this world.

Follow us on our daily adventure!

Telegram: discover what we’re brewing up, ask for technical support and share your ideas with the team and other members of the community. (If you’re Italian, here’s Telegram  for our Italian community)

Instagram: unmissable curiosities and Live streams with the great pioneers of the Crypto world

Linkedin: the space for Young’s Senior Advisors, conferences and events around the world

Twitter: the great network of those who work on innovation in Italy and collaborate with us

Facebook: videos, interviews and the latest Academy releases

Disclaimer: The team will never ask you for your personal information, email or password to access your account. Beware of those who do so in order not to compromise the security of your cryptocurrency.

—

The Young Team

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How Bitcoin community helps Italy during coronavirus emergency

Looking at the fundraising campaign powered by Croce Rossa and Young Platform: Bitcoin are a powerful tool to deliver fast economical aid during calamities,

On April 6th the second level Advanced Medical Post for pre-triage was set up in Castel Gandolfo by the Italian Red Cross – Colli Albani Committee. The AMP was purchased using the bitcoin donations raised thanks to the Helperbit platform and with the support of Young and Blockchain Education Network Italy, and in a short time, it was delivered and deployed.

On March 12th, Colli Albani Committee launched a bitcoin fundraising campaign focused on the COVID-19 emergency in Italy. This was the first initiative in the cryptocurrency sector and this led to media attention and international visibility. The first target of € 10,000 in BTC was achieved in just three days; it was possible to quickly exchange the raised money in Euro and purchase the material needed to build the AMP, which is already functioning at the time of writing. The fees of the procedures, from the initial donations to the purchase, are worth 0.55%.

The campaign is still running and the second target of € 25,000 in BTC is almost reached.

Bruno Pietrosanti, President at Colli Albani Committee, said: “With great pleasure, we reached the first main milestone of our fundraising. We are happy to have turned the received donations into a tangible aid and we are excited to have received so much help from the Bitcoin community.”

Guido Baroncini Turricchia, CEO at Helperbit, commented: “When Colli Albani Committee sent me photos of the tent, a gift granted by the solidarity of the Bitcoin community, I was excited. The efforts of Helperbit, jointly with Bitcoin donors, are now saving lives and helping to protect first responders on the front line. Those people, that in the silence of their home donated to the project, must be proud to be part of this charitable initiative. Bitcoin confirmed to be a powerful tool, a technology that allows to deliver direct and fast international aid during calamities, increasing also the transparency level. ”

Fundraising project created by Colli Albani

The Italian Red Cross – the Colli Albani team during the set-up at Castel Gandolfo
The QR code, which shows the Bitcoin address managed by the Albani Colli Committee