Tag: Update

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

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

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

Every Club gets its Bonus

Depending on your club membership you are entitled to:

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

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

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

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

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

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

Frequently Asked Questions 

When will I receive the bonus?

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

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

Where will I receive the bonus?

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

For how many deposits is the bonus valid?

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

For which transactions is the bonus valid?

The deposit methods covered by the promotion are:

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

Also included are card deposit fees associated with recurring purchases.  

How is the bonus used?

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

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

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

How are fees refunded?

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

You can view the refund in the transaction history. 

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

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

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

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

Can I decide on which deposit to use the bonus?

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

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

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

If I change Club, how does it work?

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

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

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

General Terms and Conditions – Young Platform Currency Exchange

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

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

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

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

How does withdrawal work?

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

Supported cards

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

Users who can use the functionality

You can only use this withdrawal method if:

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

And 

• You have entered your telephone number during sign up.

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

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

Maximum withdrawal amount

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

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

Let’s take some examples:

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

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

Timing and fees

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

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

If you have any questions, please contact support!

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

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

The interoperability of Freename domains

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

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

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

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

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

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

The perfect solution for a Web3 enterprise

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

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

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

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

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

Security and transparency starting with technology

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

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

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

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

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

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

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

How does the benefit work?

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

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

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

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

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

How to buy a Freename domain on Young Platform Web

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

So here is how to make a purchase.

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

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

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

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

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

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

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.

You can also make donations in cryptocurrencies, as was already possible this Christmas.

How to send donations for the earthquake in Turkey

Below are instructions on how to send cryptocurrencies to the Emergency Fund.

1. Start from this page;
2. Choose the crypto to donate;
3. Choose whether to make an anonymous donation or enter your details;
4. Click on ‘Donate now’;
5. 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;
6. Open the Young Platform app in the Wallet section;
7. Select the cryptocurrency you have decided to use;
8. Click on “Withdraw”;
9. Enter the amount and click on ‘Continue’; 
10. 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;
11. 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. 

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