Question 1

Does the reward increase with the Auto-Renewal?

Accepted Answer

If you activate the Auto-Renewal on a staking, the reward accumulated will be staked again at the end of the initial staking period. This means the amount of staked coins and, therefore, the crypto reward, will increase.

Question 2

How long does it take to credit the Staking Reward?

Accepted Answer

The credit transfer from the Earning Wallet to the Spot Wallet can take between 1 to 5 working days. Any changes will be communicated in the Staking Details section.

Question 3

Can I use the cryptocurrencies I have in my Moneybox for staking?

Accepted Answer

No. The staking amount can only be transferred from the Spot Wallet. Therefore, if you want to use the cryptocurrencies stored in your Moneybox, you must first move them to the Spot Wallet and then stake them.

Question 4

Is staking available on Young Platform Pro?

Accepted Answer

No.

Question 5

What are the minimum and maximum amounts for staking?

Accepted Answer

The minimum amounts are

Bitcoin  0,01 BTC Ethereum  0,0005 ETHTether  20 USDT

The maximum amounts are

Bitcoin  15 BTCEthereum  1 ETH Tether 50000 USDT

Question 6

Is there a fee for staking?

Accepted Answer

No.

Question 7

Can I set up a recurring purchase on an active stake?

Accepted Answer

No.

Question 8

Can I redeem my reward before the end of the staking period?

Accepted Answer

No.

Question 9

In what currency is the reward issued?

Accepted Answer

In the cryptocurrency you are staking, so not in euros.

Question 10

Does the reward vary according to the duration of the staking?

Accepted Answer

Yes, the longer the duration, the higher the reward.

Since the reward is also calculated based on the crypto amount you enter originally, the higher the amount, the higher the reward.

Question 11

How long do I have to keep my cryptocurrencies staked?

Accepted Answer

Currently, you can choose a duration of 30 days (1 month), 90 days (3 months) or 180 days (6 months).

Question 12

Can I stake on more than one coin?

Accepted Answer

No, you can only stake one coin at a time. This means you can have a maximum of 3 active stakes in total (one each on Bitcoin, Ethereum and Tether).

Question 13

Which cryptocurrencies can I stake on the Earning Wallet?

Accepted Answer

The cryptocurrencies currently available for staking are Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).

Question 14

How do I get the reward?

Accepted Answer

To get your reward, you need to keep the stake active until the end of the staking period. For the duration of the staking period, your cryptocurrencies will remain locked in the Earning Wallet, meaning you will not be able to sell or transfer them.

Question 15

How does Staking work?

Accepted Answer

From the new Earning Wallet section

Choose a coin

Choose a coin from those available

Enter an amount

Manually enter an amount or select ‘Max’ to lock the entire Spot Wallet balance of that crypto in staking

Set a duration

Select a staking duration among 30, 90 or 180 days.

Remember that you will not be able to use your cryptocurrencies for the duration of the staking period, i.e. you will not be able to sell them or transfer them to other wallets. They will be &#8216;locked&#8217; on the Earning Wallet until the end of the staking period.

At the end of the staking period both the original crypto amount and the reward will be automatically credited to the crypto Spot Wallet.

Question 16

What is Staking?

Accepted Answer

Staking is a feature that enables you to lock your cryptocurrencies for a period of your choosing in order to receive a reward. The reward is calculated as a percentage of the crypto amount you lock in staking. The higher the amount, the higher the reward.

Question 17

Can I activate the Auto-Renewal on all my stakes?

Accepted Answer

You can only activate the Auto-Renewal on an active stake.

Question 18

Can I activate/disable the Auto-Renewal at any time?

Accepted Answer

Yes, however, the option will only be available while a stake is active.

Question 19

What is staked with the Auto-Renewal?

Accepted Answer

The same crypto amount initially entered, together with the reward accumulated at the end of the previous staking period.

Question 20

How long does it take to get credited back when I cancel a stake?

Accepted Answer

The credit transfer from the Earning Wallet to the Spot Wallet can take between 1 and 5 working days. Any changes will be communicated in the ‘Staking History’ section.

Question 21

Can I cancel a stake before the end of the staking period?

Accepted Answer

Yes, but you will lose the reward linked to the stake you are cancelling.

Question 22

What does ‘USDT Staking’ mean?

Accepted Answer

This is the screen title that is displayed when you confirm the activation procedure for a stake in Tether (USDT).

Question 23

What does ‘ETH Staking’ mean?

Accepted Answer

This is the screen title that is displayed when you confirm the activation procedure for a stake in Ethereum (ETH).

Question 24

What does ‘BTC Staking’ mean?

Accepted Answer

This is the screen title that is displayed when you confirm the activation procedure for a stake in Bitcoin (BTC).

Question 25

What information is available in the ‘Staking Details’ section?

Accepted Answer

The Staking Details section shows details on an active stake &#8211;

the date you activated the stake onthe date the stake will finishthe date within which the crypto amount you had locked and the reward accrued during the stake will be credited on the crypto Spot Wallet (unless you had activated the Auto-Renewal)the locked crypto amount, expressed in cryptocurrencythe relevant annual percentagethe estimated reward amount expressed as a percentage related to the number of locked cryptocurrencies on the staking activation date

From this section you can also cancel an active stake, which will unlock the crypto amount you had entered to activate the stake. Cancelling a stake means losing the entire reward accrued and cannot be undone.

Question 26

What information is available in the ‘Overview’ section?

Accepted Answer

The Overview section shows an active stake&#8217;s details

The active stake&#8217;s current reward, i.e. the reward accrued from the activation date to the current day, expressed in cryptocurrencyThe stake duration The option to activate or disable the Auto-Renewal

For further details select &#8216;Staking Details&#8217;.

Question 27

What does ‘Max’ mean?

Accepted Answer

The &#8220;Max&#8221; option lets you lock in staking the full amount of a cryptocurrency you own in your Spot Wallet.

The amount will be locked for the duration of the staking period.

By cancelling the stake, you can unlock your coins at any time, but you will lose all of the reward you have accrued with the current stake.

Question 28

What does ‘amount’ mean?

Accepted Answer

The ‘amount’ is the quantity of cryptocurrency expressed in euros that you choose to lock to activate a stake.

FAQ Earning Wallet