Transfer your cryptocurrencies via your preferred blockchain, to and from Young Platform, with Multinetwork.
Many in our community have been asking for the option to deposit and withdraw crypto through different networks, such as Layer-2 solutions. Here’s what that means and the advantages of Multinetwork.
What are networks?
While navigating the crypto market, you might use a wallet or a DeFi application.
To add cryptocurrencies to these wallets and use such applications, you’ll often need to go through an exchange to convert Euros into crypto.
At some point, you may also want to transfer the tokens you’ve obtained from these applications to the Young Platform—either to convert them or to store them in a simpler way for your tax declaration.
To move crypto from Young Platform to other crypto applications (and vice versa), you’ll need to use a blockchain network.
Here’s the key question: which blockchain should you use?
Every cryptocurrency is supported by specific blockchains (and networks). For example, BTC is mainly transferred via the Bitcoin network, ETH via Ethereum, and so on.
Over time, however, new blockchains have emerged—faster and cheaper ones—especially for moving Ethereum-based cryptocurrencies. Layer-2 solutions like Arbitrum, Optimism, and Polygon have made it possible for ETH and all ERC-20 tokens to circulate more efficiently and at lower costs.
That’s why many crypto applications now offer the option to use different blockchain networks. And now, you can do the same on Young Platform!
Which networks are supported?
Currently, Multinetwork supports ETH, USDC, and USDT—the most widely used cryptocurrencies in DeFi. More networks and assets will be added in the future.
You can always find the complete list of supported networks on the Fees and Prices page. For step-by-step instructions, visit our Support portal to learn how to deposit and withdraw.
Take advantage of Multinetwork to transfer your crypto in the fastest and most cost-effective way!
Warning: cryptocurrency transfers sent on the wrong network, or to the wrong wallet, or without a memo/tag may not be recoverable.
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