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What is Young Platform Step and how does it work? The complete guide

What is Young Platform Step and how does it work? Discover the app that lets you learn all about the crypto world by playing!

With Young Platform Step you can discover what the crypto world is and how it works in the easiest and most fun way: collect experience points and level up to get the YNG token! 

But what is it? It’s the token of the Young Platform ecosystem, with real value in the market. On Step you can set aside your first YNG tokens and get lots of free resources to learn the basics of the crypto world, step by step!

How does a blockchain work? What is Bitcoin for? What are NFTs? Step gets down to business and answers all your questions, simply and clearly. But it doesn’t end there! Once you’ve got your first YNGs, you can transfer them to the Young Platform exchange where you can take advantage of the crypto industry’s leading services with an extra edge. So find out what Young Platform Step is and how it works and all the games available!

What games are there on Step?

There are several features on the app to gain experience points (XP) and level up. Let’s see what each Young Platform Step game is and how it works:

1. Quests

In the Step Home, you can find Quests related to each feature, each with a different colour. Quests allow you to earn experience points every day: check the deadline, and use the features to complete them and redeem XP.

2. Claim

Young Platform Step counts all your steps (if connected to Google Fit or Health). In the ‘Step’ section, with the ‘Claim’ button, you can redeem and accumulate them to participate in the step quests in the Home (you recognise them because they are the ones in yellow). The fuchsia quests, on the other hand, do not count steps but all the times you redeem them. Remember to redeem the steps every time you accumulate 4,000 steps, otherwise the count will stop.

3. Rankings 

In the ‘Steps’ section of the app you will find step rankings! The challenge is to beat other users in the community at who can accumulate the most steps in an interval of time. You can join an existing ranking or create one: each one has a limited duration and number of places. To participate, you have to pay a small share of your YNG and the sum of the shares of all participants will be distributed to the winners. Furthermore, the more rankings you win, the more you progress in the blue quests.

4. Quizzes

On Young Platform Step, in the Education section, you can learn everything about the crypto world, from the basics to the more advanced aspects thanks to specific Young Platform Academy articles divided into 6 categories:

  • Blockchain to learn what the underlying cryptocurrency technology is and how it works;
  • Cryptoeconomics to discover the specific features and characteristics of the crypto economy;
  • Cryptocurrencies to delve into which are the main ones on the market, from their tokenomics to their uses; 
  • Crypto Heroes to get up close and personal with the protagonists of the crypto world, from Vitalik Buterin to the mysterious Satoshi Nakamoto;
  • Easy Economics to explore basic economic concepts;
  • Trading to learn about the theory and practice of this activity.

But how does it work and what is Education on Young Platform Step? Simple: each article is associated with a quiz that allows you to gain XP if you guess the correct answers. NB: To take the quiz, you have to spend one life and are given 5 lives by default. 

When you run out of lives, you can recover them by waiting for the indicated time, or by watching one of the advertising videos, or even with the Unlimited lives boost (explained below).

Step is also your one-stop shop for the latest news and updates from the crypto world, selected for you day by day directly from the Young Platform Blog.

4. Up&Down

In the Up&Down section you can try to guess whether the price of a crypto will go down (down) or up (up) by choosing a time interval between 3, 6 or 12 hours. 

Every time you place a forecast you consume a life, like for Quizzes.

For each right forecast you gain XP, the wider the time interval you choose, the greater the number of XP. 

Step counts all your correct forecasts advancing in the green quests. Put your market knowledge to the test!

What is Unlimited Lives and how does it work?

On Young Platform Step the Unlimited Lives is the life boost that allows you not to lose any lives for 1 hour. You can then use it to do more than 5 Quizzes or more than 5 Forecasts in a row. 

To get it, just go to the top bar where the lives icon is, click on it and select ‘Get unlimited lives’ to buy it for 1YNG.

Alternatively, you can obtain it upon reaching certain Levels: check when you’ll receive Unlimited lives by selecting the Level icon in the top bar and clicking on ‘Show Levels’.

Once you have the boost, you have to redeem it to activate it and use it.

The Marketplace

On Young Platform Step you can also find the Marketplace, which allows you to receive cashback in YNG of up to 20% on purchases from selected shops such as Nike, Guess or Decathlon. 

The Profile

Your progress is easily visible in the top bar of the app, but if you enter your Profile it’s a whole different story. Your Level, Available Lives, YNG received and XP accumulated are easily viewable, and over time your personal section will become more and more detailed and full of victories. Choose from the Avatars available to customise your profile!

How to transfer YNG to Young Platform

Here’s what Step is and how it works: by playing and levelling up you get your first YNGs, which will accompany you into the real crypto market.

So, once you’ve completed your levels and obtained the minimum amount of YNG, you can transfer them to the Young Platform app and get benefits by joining Clubs or use them for buying and selling. Young Platform is in fact an exchange where you can buy and sell major cryptocurrencies. To transfer YNG from Step to the exchange you need to link the two accounts, complete a minimum deposit of 20 Euro and a minimum crypto trade of 20 Euro. The next day you can create a gift card from Step and send the tokens to Young Platform. You can find the process explained in detail here.

To learn more about what Young Platform Step is and how it works, check out all the dedicated Support Guides.

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Transfer YNG from Step to Young Platform

transfer yng

YNG token transfer is instant and free with Gift Cards!

To transfer the YNGs obtained with Step to Young Platform, simply create a Gift Card to be redeemed on the exchange.

Gift Card creation and redemption are immediate, so you will have your tokens immediately available in your wallet balance, with no waiting time.

How to transfer YNG?

First of all, consider the amounts allowed:

  • The minimum amount for each transfer is 5 YNG
  • The maximum amount per transfer is YNG 125 in 30 days.

If it is your first transfer, follow these steps on Young Platform, otherwise skip to the operations to do on Step.

Start with Young Platform:

  • Create an account and verify your identity;
  • Go to the Profile, under ‘Connections’ link your Step account;
  • Make a minimum deposit of €20 (in Euros);
  • Make a first cryptocurrency purchase, for a minimum amount of €20; 
  • After completing these mandatory steps, it will be possible to request the first transfer of YNGs.

Now back to Step:

  • Log in to Step and click on your YNG balance visible in the top bar;
  • Select ‘Transfer’;
  • Continue with the procedure;
  • Choose the amount of YNG to be transferred;
  • Confirm sending;
  • Select ‘Open Young Platform’ to redeem the Gift Card automatically;
  • You will immediately receive the tokens on the Exchange Wallet

If you do not click on ‘Open Young Platform’ or do not redeem the gift card immediately, you can do so later manually:

  • Log in to Step and click on your YNG balance visible in the top bar;
  • Select ‘Transfer’;
  • Under ‘Your Gift Cards’ click on the last one created
  • Press ‘Redeem on Young Platform’.

Finally, remember that it is only possible to transfer YNG from one Step account and only to a linked Young Platform account.

Any doubts? Read the complete guide!

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Young Platform Step: invite friends and get rewards

refer friends step

The guide to inviting your friends on Young Platform Step and getting rewards

Did you know that Young Platform Step has a referral program? Invite friends and acquaintances to the app and receive rewards for helping to expand the beautiful Step community. Here’s everything you need to know!

How to invite friends to Step?

Start on the Step Home:

  • From the menu, on the top right, got to the Profile section
  • Tap on the ‘Invite your friends’ banner:
  • Press the ‘Invite’ button;
  • An explanation page will open, where you will then find the ongoing and completed invitations;
  • Press the ‘Invite your friends’ button to proceed;
  • Choose how to send the invitation message and to whom;
  • Once you have sent the link to download Step, you can check the status of the invitation on the invitation page, as indicated above;
  • The invited friend will have to download Step, sign up and complete the Welcome Tutorial;
  • After that the Invitation will be completed and you will receive 1YNG.

Invite friends: how to get the rewards

On Young Platform Step, the invite friends feature requires some extra care in order to secure the rewards. Indeed, you can only receive YNG if the invitee successfully completes the obligatory actions, but some details are also up to you.

Here are two important points:

  1. Before you start, make sure you have updated Step to the latest version available on the Store
  2. Tell your friend to click on the invitation link both to download Step from the store and after installing it, before signing up.

Important: If the invitee does not click on the invitation link again after the installation of Step, the invitation will not be detected and consequently you will not receive the reward!

How to ensure that the link was used for signup? 

If the invitee has signed up via the link, the invitation will appear pending. If, on the other hand, it does not appear in the list within the app, it means that they did not use the link correctly.

What to do if the invitee has signed up, but the invitation does not appear in your history?

If you can, stop your friend so that they do not accumulate unnecessary experience on the app. In any case, send them the link again, tell them to follow it and sign up with a different email. 

When the invitation appears as pending, the invitee can complete the welcome tutorial and consequently the Invitation will be marked as completed and you will get your YNG.

How come the invitee signs up correctly but the invitation is not tracked anyway? 

If these indications do not work, the only explanation is the following: some devices do not support invitation tracking, e.g. Android devices that do not support Play Services or have a custom ROM. 

That’s all for this guide: log in to Young Platform Step now and invite your friends to share your successes!

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Step Quests: how do they work?

Step Quests are a series of objectives to challenge yourself and earn experience points (XP) so you can level up

You can find the Quests in the Hub section, under “Goals”.

They all generally have the same basic mechanism: progress is tracked automatically based on the actions you take on the app, and they all have a deadline after which progress is reset.

Once 100% complete, tap on the button to redeem XPs.

Let’s now go over the different types of Quests!

Collect XP by walking

The Steps, Claims and Rankings quests allow you to gain XPs by walking. The great thing is that the same steps that move you up the Rankings help you progress through the quests and vice versa. Actions are in fact cumulative between quests: you can manage the claims you make to complete as many quests as possible in combination!

Steps

To complete this type of quest, you must make the claim of the indicated amount of steps.

Example: To complete the first 5000 step quest, you can either make claims of 4000 steps+1000 steps or you can make 4 claims of 1500 steps and so on. It is recommended to always make claims after 1500 steps in order to avoid recalculations that could prevent redemption.

20,000 steps in less than a day is not for everyone. Will you make it?

Claims

To complete this type of quest, you must tap the claim button as many times as indicated.

Can you really make 10 claims in 7 hours? We’ll see!

Rankings

The colour of the sky is associated with quests on the Rankings: the more you win, the more XP you gain.

What can we say, if you win five in four days you will be our Hero!

Collect XP with Up&Down

Walking is so exhausting! Let’s take a break and check the markets.

With the Forecast quests you can really put your predictive skills to good use: if you are lucky or an expert in technical analysis, you will climb the levels in no time.

It doesn’t matter what currency, it doesn’t matter how you get your forecasts right, as long as you win, Step gives you more XP!

These are all the quests on Step: start now and challenge your limits!

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Up&Down: what it is and how it works

Up&Down on Step

With the ‘Up&Down’ game on Young Platform Step you can make forecasts on the cryptocurrency market without spending a penny

With Young Platform Step you learn so much more than theory! You also have the opportunity to test your skills on the market without actually having to buy every time. 

So choose a cryptocurrency and examine its trend: will the price go up or down? Make your choice, wait for it and if you are right, you receive experience points (XP) to level up. 

Discover the 3 steps to play Up&Down on Step!

Choose a cryptocurrency

You have at your disposal some of the most interesting coins on the market:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Cardano (ADA)
  • Polkadot (DOT)
  • Ripple (XRP)
  • Solana (SOL)

Choose between UP and DOWN

Once you have chosen a currency, you can consult its market data in detail: the current price and the percentage change in price over 24h are previewed. 

Then there is the linear or candlestick chart, over no less than 5 periods: 6 hours, 1 day, 1 week, 1 month and 1 year.

As you scroll down you will see the Stats, which will show your wins on that coin, and how the rest of the community is currently forecasting, i.e. the percentage of UP or DOWN predictions currently being made.

You can use this information in two ways: you can either blindly follow your mates hoping that their predictions are accurate (beware of the herding effect) or you can consider it just one of several confirmations needed to decide the trend.

In any case, you have nothing to lose: you can try as many times as you want to hone your instincts, and if the going gets tough, start studying!

Academy is packed with material on technical analysis used by traders. It doesn’t hurt to keep up with the news either: our Blog is perfect for staying on the pulse every day about the events that move the cryptocurrency market.

Make the forecast

Have you decided whether the crypto will go UP or DOWN?

Press one of the two buttons, then choose the duration. The duration indicates after how long the prediction will expire, which is the same time you will see whether the coin went UP or DOWN.

Example: It is 9 a.m. and BTC is at 20,000. I choose UP and select 3 hours. If at 12 noon BTC is worth more than €20,000, I win!

By tapping the ‘Forecast’ button and confirming, you will lose a life and the prediction will begin.

If you run out of lives you can wait for them to recharge, or watch a video advertisement if available, or purchase Unlimited Lives. With unlimited lives you can play both Quizzes and Up&Down freely without using up lives for 1 hour.

Time’s up! A notification will tell you the outcome of the prediction: if you have won, you will receive a number of experience points that varies according to the selected Duration. If the price did not change instead or if it went against your expectations, you will not receive XP.

Before you run off to play, remember: you can only make 2 predictions at the same time.

All clear, it’s time to discover Up&Down on Step!

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Arbitrum (ARB) is available on Young Platform!

ARB, the Arbitrum token, is now available on the Young Platform exchange! Here is all the info you need

As of today, the Arbitrum token (ARB) is available on Young Platform for purchase, custody and sale, whenever you want. 

Yes, we’re finally resuming with new listings! We’ve chosen to start things off with ARB, a token that was recently launched and has been enthusiastically received by the crypto community in recent months.

Learn all about this cutting-edge project, what its benefits are and how to use it on Young Platform.

Arbitrum (ARB): the benefits and use cases

Arbitrum (ARB) is a project created to increase the scalability of Ethereum, and is built on top of the latter. This means that with its Layer 2 blockchain it is possible to carry out all the activities that are normally carried out on Ethereum, such as sending transactions or using decentralised applications, but in a cheaper and faster way. 

Similar projects to Arbitrum (ARB) are Polygon (MATIC) and Optimism (OP), also Ethereum Layer-2s. Although Polygon has a very strong market capitalisation and innovation capacity, Arbitrum has a higher TVL, i.e. value locked on the chain (at the time of writing). Compared to Optimism’s token, on the other hand, ARB immediately ranked higher on the market, as well as for TVL.

Arbitrum bases its security system on Ethereum and is highly compatible with its applications, programming languages and smart contracts. This is why it has enormous adoption potential and already demonstrates high volumes: on the one hand, it is very easy and convenient for developers already familiar with Ethereum to switch to Arbitrum and thus enrich its ecosystem of services; on the other hand, crypto users using its network save on all transactions and can use a large number of apps with agility.

The advantages of this blockchain are clear: low fees, speed and flexibility. Let’s see now how to use the ARB token. 

The main purpose with which it was launched in March 2023 is governance. It can be used to vote on decisions about the future of the project, such as protocol updates, use of the treasury and more. 

The way this governance token works is simple: the more ARB tokens you have, the more power your vote will have, and you can delegate your tokens to allow other people to vote.

This is possible because, along with the ARB token, a DAO was also established to begin decentralising the management of the ecosystem, which was previously in the hands of just Offchain Labs and the Arbitrum Foundation.

Let us now see for which operations Arbitrum (ARB) is available on Young Platform.

How to use Arbitrum (ARB) on Young Platform?

Here are all the features available for Arbitrum (ARB) on Young Platform and Young Platform Pro:

  • Buying and selling with EUR
  • Recurring purchase
  • Receiving from another wallet or sending via the Arbitrum One network
  • Creating a Single Coin Moneybox or a Bespoke Bundle

Discover the Arbitrum (ARB) Market on the app and give a warm welcome to the 34th cryptocurrency listed on the exchange!

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Quizzes: What they are and how they work on Step

quizzes on step

Test your knowledge on the world of cryptocurrencies with Young Platform Step quizzes

Do you keep reading articles about cryptocurrencies but you can’t seem to get anything into your head? Do your friends talk about bitcoin but you still don’t quite understand how it works?

Today you can delve into all the most interesting topics and test your knowledge with the Quiz feature on Young Platform Step!

How do the Quizzes work?

It’s easy! Open the Academy section of the Hub, choose the topic, read the first unlocked article and take the quiz. 

Lives

Starting each quiz you will lose one life, which you can recharge by waiting, or by watching a video advertisement, or even by purchasing Unlimited Lives with 1YNG. This way you can take as many quizzes as you want for 1 hour without losing lives.

Victory and defeat

Did you answer less than 60% of the questions correctly?

In the event of total or partial defeat, the quiz is repeatable if you have Lives available. 

Did you answer all the questions correctly?

The prize in XP will be the maximum, i.e. the one indicated in the preview of the individual quiz.

Did you pass the quiz with more than 60% but less than 100%?

You will receive a proportional share of the prize. 

Quizzes are a game with really simple, yet effective mechanics. Now it’s up to you to read our lessons carefully to guarantee your victory and satisfaction with Step Quizzes!

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Young Platform launches the ‘Fiscal Report’ in Italy – Now it is easier to declare crypto-assets

Turin, 9 May 2023 – Young Platform, the leading Italian cryptocurrency exchange platform, announces the introduction of the new ‘Fiscal Report’ feature, which simplifies the declaration of capital gains and losses by the user, by making the tax declaration document available for download in PDF format in the personal account area.

The report, designed by Young Platform in line with the new regulations, will indicate the value of the user’s wallet, any rewards obtained from staking, income tax, and can be accompanied by a .csv file with the complete list of movements. The Fiscal Report is available on the Young Platform Web version. From June, the new functionality will also be available in France, where Young Platform has been present since 2022.

The Fiscal Report is the first service of its kind offered by an Italian exchange and at the same time compliant with Italian and French tax regulations, allowing users to connect not only their own private wallets such as Metamask, but also other wallet providers, the latter from June 2023. It may also include royalties from NFT or Web3 domains and transaction tracking. The Fiscal Report may thus be a service not only for Young Platform users, but also for any type of professional, company or cryptocurrency investor who needs to declare their assets for tax purposes. 

“Finally, a service that allows both users and professionals to calculate taxes on crypto assets, enabling constant tax planning throughout the year, in a simple and straightforward manner,” comments Alberto Bertagnolio Licio, Chartered Accountant and Senior Partner at Studio Boursier.

Fiscal Report was created in collaboration with Taxtris, a leading provider of tax advisory services for the crypto market, specialising in tax solutions for the cryptocurrency sector. Taxtris has a team of experts in taxation and blockchain technology and thanks to this partnership, Young Platform is now able to offer its users a new, simple and comprehensive solution for accessing cryptocurrencies. 

“It is through simple, life-simplifying tools, such as the Fiscal Report, that such complex technology manages to permeate into the lives of us all. At Young Platform, we strive to equip all our users with the best tools to operate with ease.” – Lorenzo Palombi, Head of Legal & Corporate Affairs at Young Platform.

On the other hand, Italians remain keen on cryptocurrencies and tokens: more than 7 million have already bought them and just as many say they are interested in doing so in the future. The most used method to get hold of these instruments are exchanges (40%) (data ‘Blockchain & Web3: time to build’, report by the Blockchain and Distributed Ledger Observatory of the School of Management of the Politecnico di Milano).

Globally, the crypto market has again surpassed $1 trillion in capitalisation, as of mid-January 2023 (CoinMarketCap data). Despite unfavourable factors influencing a broad industry downturn in 2022, following previous record highs in 2021, cryptocurrency holders equally increased by 39% during 2022, rising from 306 million to 425 million in total (Crypto.com data).

“It is essential to have tools that facilitate the correct tax management of cryptocurrencies in Italy, an increasingly relevant market in the crypto ecosystem on a global scale. In this sense, the solution proposed by Young Platform is an important step forward to simplify and make transparent the taxation of crypto-assets, which facilitates both users and professionals,” – comments Stefano Capaccioli, chartered accountant and founder of Studio Capaccioli and Coinlex.

“Young Platform’s main objective has always been to bring a wide audience closer to the world of cryptocurrencies, building a relationship of trust with its target community and in full compliance with current regulations,” explains Andrea Ferrero, CEO and co-founder of Young Platform. To achieve this goal, it is necessary to make the crypto purchase phase accessible, but also to simplify wallet management, on several levels. This includes functions that ensure full compliance with national and international tax regulations. Fiscal Report is the solution that once again demonstrates Young Platform’s commitment to the correct and transparent management of crypto-assets, a tool that is increasingly understood and appreciated by a growing number of Italians, and not only“.

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FAQ: Moneyboxes 2.0

Do you have any doubts or questions about the new Moneyboxes? Here’s a summary of what’s new, straight to the point!

You can find all the important information in the official announcement about the Moneyboxes, but if you missed any details or want more, here is a list of possible questions and their answers. 

What does the promotion on Moneyboxes consist of?

Until 30 June, purchases via Bundles are free of charge: this means that you pay no purchase fees for both recurring and one-off purchases made to top-up the Bundles. 

The discount does not apply to Single Coin Moneyboxes.

If you already have a discount on purchases, they cannot be added up.

Why has the balance of my old Moneyboxes been reset?

In order to implement the new Moneyboxes, some changes had to be made to the existing Moneyboxes.

If you had a Moneybox with an associated active recurring purchase, the balance set aside until 4 May 2023 was transferred to the Spot Wallet of the respective cryptocurrency. The Moneybox remains active, as does the associated recurring purchase. Recurring purchases will restart at the set frequency.

If you had a Moneybox without an associated recurring purchase, the total balance of the Moneybox was transferred to the Spot Wallet of the respective cryptocurrency and the Moneybox was closed.

What has changed from the old Moneyboxes?

The main change is the possibility of building a Moneybox containing more than one cryptocurrency. The possibility of including only one, however, is still available with the ‘Single Coin Moneybox’.

Which cryptocurrencies are compatible with the Moneybox?

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Young (YNG)
  • Ripple (XRP)
  • Cardano (ADA)
  • Polygon (MATIC)
  • Dogecoin (DOGE)
  • Polkadot (DOT)
  • Uniswap (UNI)
  • Decentraland (MANA)
  • The Sandbox (SAND) 
  • Aave (AAVE)
  • Chainlink (LINK)
  • Litecoin (LTC)
  • Avalanche (AVAX)
  • Axie Infinity (AXS)
  • Basic Attention Token (BAT)
  • Solana (SOL)
  • Pax Gold (PAXG)
  • Fantom (FTM)
  • Arbitrum (ARB)
  • Optimism (OP)

What are Curated Bundles?

Curated bundles are ready-made mixes of cryptocurrencies, united by structure and application of the associated crypto projects.

The available Curated bundles are the following:

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

How many Moneyboxes can I create?

  • Single Coin Moneybox: 1 per available cryptocurrency
  • Curated bundle: 1 per type
  • Bespoke bundle: no limits

How many cryptos can I put in one Bespoke bundle?

2 to 5.

How do I decide the percentages to be allocated to each cryptocurrency in the Bespoke or Curated bundles?

There is no one-size-fits-all method: study the cryptocurrencies you choose to put in, their risk and return, and how much you are willing to spend on each. If in doubt, you can always choose Single Coin Moneyboxes.

How do you create a Curated bundle?

  • Access the Moneyboxes section;
  • Press the green ‘+ New Moneybox’ button;
  • Select ‘The Curated Bundle’;
  • Choose the bundle you prefer;
  • Select the percentage that each cryptocurrency will occupy within the new bundle;
  • An indication of the minimum amount to be respected will appear, remember it for the next steps;
  • Choose the frequency of recurring purchase;
  • Select the payment method for recurring purchase;
  • Enter the amount of the recurring purchase, respecting the minimum amount specified previously. The amount entered will be distributed over the different cryptocurrencies according to the percentages you specified previously;
  • Press ‘Moneybox Preview’ and check that all details are correct;
  • Press ‘Create Moneybox’ to confirm and proceed with the first purchase.

How do you create a Bespoke bundle?

  • Access the Moneyboxes section;
  • Press the green ‘+ New Moneybox’ button;
  • Select ‘The Bespoke Bundle’;
  • Select the cryptocurrencies to be included
  • Proceed by clicking on ‘Set Distribution’.
  • Select the percentage that each cryptocurrency will occupy within the new bundle;
  • An indication of the minimum amount to be respected will appear, remember it for the next steps;
  • Choose the frequency of recurring purchase;
  • Select the payment method for recurring purchase;
  • Enter the amount of the recurring purchase, respecting the minimum amount specified previously. The amount entered will be distributed over the different cryptocurrencies according to the percentages you specified previously;
  • Press ‘Moneybox Preview’ and check that all details are correct;
  • Press ‘Create Moneybox’ to confirm and proceed with the first purchase.

What payment methods can I use to create Moneyboxes?

You can top up your Moneybox via Young Platform’s EUR Wallet or by payment card. 

What is the minimum amount with which I can create a Moneybox?

  • Single Coin Moneybox: 20€
  • Curated bundle and Bespoke bundle: variable according to the cryptocurrencies chosen and their minimum amount. It will be indicated when the chosen cryptocurrencies are distributed.

What is the maximum amount I can put in a Moneybox?

The maximum amount that can be selected for a single or recurring purchase is 250€, however the total balance of the Moneybox has no limit.

How do you edit a Moneybox?

  • Changing the recurring purchase: from the relevant Moneybox page you can change the recurring purchase by deactivating and reactivating it.
  • Adding or removing cryptocurrencies: from the relevant Moneybox page, press the ‘Transfer’ button
  • Changing percentages, cryptocurrencies or other changes: from the relevant Moneybox page, deactivate the recurring purchase, then go to the Moneybox settings by clicking on the wheel icon and close the Moneybox to reopen it with the desired settings.

How do you close a Moneybox?

From the relevant Moneybox page, deactivate the recurring purchase, then go to the Moneybox settings by clicking on the wheel icon and confirm deletion.

What happens if I close a Moneybox?

The cryptocurrencies contained in the Moneybox will be moved to the Spot Wallet. They will neither be sold nor converted.

Is recurring purchase activation compulsory?

Activation is automatic when the Moneybox is created, but you can deactivate it whenever you wish. Simply go to the specific Moneybox page and click on the tick next to ‘Recurring Purchase’ and confirm to deactivate it.

What is the difference between Moneyboxes and recurring purchase?

Recurring purchase is the ability to automate a purchase of any cryptocurrency or Moneybox, regularly. While the Moneybox is simply the section in which to store cryptocurrencies without trading them, recurring purchase is the functionality that allows you to top-up a Moneybox constantly. However, recurring purchases can also be set up on the Spot Wallet.

What is the difference between Spot Wallet and Moneyboxes?

From the Moneybox you cannot sell cryptocurrencies: you must first move them to the Spot Wallet.

Furthermore, in the Spot Wallet it is not possible to create groups of cryptocurrencies and buy them together automatically following their statistics.

What is the difference between the Single Coin Moneybox and the old Moneyboxes?

There are no substantial differences: both allow you to create a Moneybox containing a single cryptocurrency. 

The changes applied since the 4 May 2023 update consist of the addition of more supported cryptocurrencies and the improvement of the overall experience.

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Moneybox 2.0: a new way of hodling

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

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

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

Crypto Moneybox: what it is and how it works 

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

The cryptocurrencies compatible with the feature are as follows:

Already available

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

Newly added

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

New: Multi-crypto Moneybox

There are now 3 ways to create a crypto Moneybox:

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

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

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

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

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

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

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

How do you create a crypto Moneybox?

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

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

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

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

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

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

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

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

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

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

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