Young Platform

Young Platform and Young Platform Pro Commissions Update

JN
Jacqueline Nieder

4 min

Young Platform Exchange Fees Update

Starting on 4 March 2024, we will introduce significant updates to our commission model to enhance our users’ trading experience. These changes will make Young Platform more competitive and attractive to traders and investors.

These updates were introduced following a survey extended to the entire community, whom we warmly thank for their suggestions and feedback. 

Recognising the sensitivity of this topic, we have adopted an approach centred on transparency and valuing direct benefits to our users. To completely understand these updates, please consult our detailed commission page of Exchange Base and Exchange Pro and review the Terms and Conditions.

Young Platform 

Commissions for Euro-Crypto exchanges

The update of commission rates on Euro-Crypto transactions aims to maximise the yield of cryptocurrency buying and selling transactions by moving to a hybrid model with fixed and variable commissions

Introducing a fixed and variable structure aims to enhance users with amounts over €100, who comprise the majority of our community.  

Therefore, the variable calculation on buying and selling transactions from Euro to Crypto and vice versa was integrated, making exchanges with more significant amounts more convenient. 

Commissions for Crypto-Crypto and Euro-YNG exchanges

The fees for conversion from one cryptocurrency to another (Crypto-Crypto) and for trading the Young Token (YNG) remain unchanged, as shown in the table below.

Money Boxes 

Your dedication to gradually growing your crypto portfolio is something we deeply admire. That is why we keep the fees for recurring piggy bank purchases unchanged, making regular savings worthwhile, even for small amounts.

Young Platform Pro 

We revolutionised our commission model for Young Platform Pro from a fixed fee structure (0.2%) to a fully variable one for maker-and-taker trades. This innovation is designed to meet the needs of advanced traders, offering more favourable conditions for those trading with significant volumes.

The determination of the commission rate is based on a 30-day assessment period, during which commissions are calculated according to the trading volumes realised. The calculation is performed every day at 00:00 UTC. This implies that the adjustment of fees always occurs concerning the volumes traded in the previous thirty days.

Same Club, same benefits!

Enjoy club discounts on Young Platform and Young Platform Pro: the exact discount percentages will be applied to the new commission model. 

Fee discounts are applied to all buy and sell orders. If these orders are executed on the Pro Platform, the discount is applied up to a maximum of €50,000 volume in the last 30 days. Standard buy and sell commissions will apply if the maximum is exceeded in this timeframe. These can be found on the Commissions and Prices page.

Unlocking Commission Discounts: More Ways to Save

Invite a Friend 

Our ‘Invite a Friend’ programme is an unmissable opportunity to benefit from commission discounts. Inviting friends to join our platform, you both get a 10€ discount applicable on purchases, sales and conversions.

Joining a Club 

Joining a club offers significant advantages on commissions and access to an exclusive package of discounts on additional services, allowing you to customise your experience in the crypto world according to your preferences.

N.B. fee discounts are applied to all buy and sell orders. If these orders are executed on the Pro Platform, the discount is applied up to a maximum of €50,000 volume in the last 30 days. Standard buy and sell commissions will apply if the maximum is exceeded in this timeframe. These can be found on the Commissions and Prices page.


Related Article

Tax and Reports: Young Platform’s new feature for cryptocurrency tax reporting
Token Young (YNG): updates and news Q1 2024
11 min
Trading View and Young Platform: Partnership Renewal

Download the Young Platform app

Downaload From Google PlayStoreDownaload From Apple Store