FAQ: Buying and selling crypto-assets
Introduction
Buying your first cryptocurrency shouldn't require a manual. On Young Platform it works like this: choose the crypto-asset, enter the amount, confirm — at the price you see at that moment. Young Platform is a bilateral trading platform: when you buy or sell, your counterparty is Young Platform itself, with no order books to decipher. Here you'll find answers to the most frequently asked questions about purchases, sales and conversions, euro deposits and withdrawals, transferring crypto-assets and the YNG token. For every operation there's also a link to the step-by-step guide in our Support Centre. Before you start, remember that crypto-assets are highly volatile instruments: only invest once you've understood their features and risks, and read the Risk Disclosure.
How buying and selling works
1.1 What does it mean that Young Platform is a bilateral trading platform?
1.2 What should I consider before buying a crypto-asset?
1.3 How do I buy?
1.4 How do I sell?
1.5 How do I convert one crypto-asset into another?
1.6 How does Recurring Buy work?
1.7 Can I cancel an order once it’s confirmed?
1.8 How quickly is an order executed, and where do I find my crypto-assets?
1.9 Which crypto-assets can I buy and sell?
1.10 What are the minimum and maximum order amounts?
Euro deposits and withdrawals
2.1 How do I deposit money into my account?
2.2 How do I send money from Young Platform to my bank account?
2.3 What’s the difference between withdrawing and selling a crypto-asset?
2.4 How many IBANs and cards can I link to my account?
2.5 Which card networks and currencies are supported?
2.6 How do I increase my deposit and withdrawal limits?
2.7 Does a Young Platform account have any activation costs?
Transferring crypto-assets and viewing your transactions
3.1 How do I send crypto-assets to another platform or an external wallet?
3.2 Where can I check my transaction history?
The YNG Token
4.1 When can I buy or sell the YNG token?
4.2 How do I convert YNG tokens into euro?
4.3 Can I buy a crypto-asset with YNG tokens?
4.4 How do I transfer YNG tokens from Step to Young Platform?