Q: What are the euro deposit fees?

Young Platform’s deposit fees are free of charge for wire transfers and instant transfers. Visa and Mastercard commissions of 2.2% + €0.25 are applied to card deposits. See the dedicated page for more details.

Question 1

What fees are applied by Young Platform?

Accepted Answer

Young Platform, like any other exchange, imposes fees on transaction operations. These include buying, selling, crypto-crypto exchange, deposit (only via payment card), and withdrawal.However, deposits via bank transfer and cryptocurrency deposits do not incur fees.The fee model varies depending on the platform used: Young Platform and Young Platform Pro. Below are the details for the two platforms:

https://pro.youngplatform.com/fees/https://exchange.youngplatform.com/it/fees

Question 2

How can fees be reduced on Young Platform?

Accepted Answer

Buying and selling fees on Young Platform are reduced for Club members. By joining the Bronze Club, you get a 30% fee discount. The discount is increased by 50% with a Silver Club membership and 75% for a Gold Club membership. Fees are reduced to zero for Platinum Club members. View the table explaining the full range of discounts provided by each Club. To subscribe to the Young Platform Clubs, block a share of your YNG tokens. The subscription process can be followed directly in the exchange.

Another tool to reduce fees is the &#8220;Invite a friend&#8221; feature. The user who invites someone to sign up on Young Platform via their own link receives €10.00 to use towards paying fees associated with buying and selling cryptocurrencies. The person receiving the invitation also receives a €10.00 discount on fees.

Question 3

If I activate a discount on Young Platform is it also valid on Young Platform Pro?

Accepted Answer

The discounts and, more generally, the benefits of Club memberships are valid on both Young Platform and Young Platform Pro. 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.

The validity of any other type of discount depends on the characteristics of the relevant promotion, so please read the rules carefully at this link.

Question 4

What are transaction fees?

Accepted Answer

Fees are necessary for a transaction to be authorised and executed on the blockchain. They are a necessary contribution to the functioning of the technology. Fees vary according to the network. For example, transactions on the Ethereum network tend to be more expensive than those on the Bitcoin network. All exchanges add a small percentage to the network fees to cover the service they provide.

Question 5

What are the euro deposit fees?

Accepted Answer

Young Platform&#8217;s deposit fees are free of charge for wire transfers and instant transfers. Visa and Mastercard commissions of 2.2% + €0.25 are applied to card deposits. See the dedicated page for more details.

Question 6

Are there any fees for depositing cryptos?

Accepted Answer

Depositing cryptocurrencies from an external wallet is completely free for any cryptocurrency.

Question 7

What are the fees for recurring purchases of Moneyboxes?￼

Accepted Answer

Moneyboxes are tools designed to implement a strategy of periodic purchasing of one or more cryptocurrencies, intending to accumulate the maximum amount possible in the medium to long term, thereby balancing the purchase price. Consequently, the fees are calculated as a percentage of the selected amount, ensuring they remain advantageous even for small purchases, set at 2.5%.

Question 8

What are the fees for buying and selling cryptocurrencies?

Accepted Answer

The fee model applied by Young Platform varies from the Base platform to the Pro platform. In the first case, there is a hybrid model with both fixed and variable fees, the details of which are available at this link.

Generally speaking, depending on the currencies involved in the transactions, the fees vary in the following ways:

Euro > Crypto = fixed fee up to €100, variable fee from €101Crypto > Euro = fixed fee up to €100, variable fee from €101Crypto > Crypto = 1.35% in feesEuro > Young (YN) = 1.0% in feesYoung (YNG) > Euro = 1.0% in fees

As for the maker and taker fees of the Young Platform Pro vary depending on the amount traded. You can check the details at this link.

Question 9

Are there any fixed costs for keeping your money or cryptocurrencies on Young Platform?

Accepted Answer

No. Keeping your cryptocurrencies or euros on your account is free of charge.

Question 10

What fees are applied to Euro withdrawals?

Accepted Answer

The fees for Euro withdrawals vary depending on the payment method chosen:

Credit, debit, or prepaid card: 2.2% + €0.25Bank transfer: €1.99

If you need to learn how to transfer money from your Young Platform account to your bank account, click here.

Question 11

What are the fees for withdrawing cryptocurrencies?

Accepted Answer

The fees for Crypto withdrawal are specific to each cryptocurrency and can be viewed in the table on this page, where the minimum withdrawal amounts are also specified.

Question 12

What is the minimum amount for cryptocurrency withdrawals?

Accepted Answer

Minimum amounts are specified in the “withdrawal fee” column next to each cryptocurrency. You can view the table using this link.

Remember: if you want to withdraw your cryptocurrencies, you have to send them to a wallet address. Alternatively, you can sell them and transfer the proceeds to your bank account.

Question 13

Are there fees for sending crypto from one Young Platform wallet to another Young Platform wallet?

Accepted Answer

Yes, you pay the same withdrawal fees as indicated in the withdrawal summary table. See the page at this link.

Question 14

What are the crypto withdrawal fees?

Accepted Answer

The fees for Crypto withdrawal are specific to each cryptocurrency and can be viewed in the table on this page, where the minimum withdrawal amounts are also specified.

Question 15

Can crypto withdrawal fees change?

Accepted Answer

Yes, during periods of high network congestion, fees can vary. Therefore, checking the amount of fees applied on the Summary Page of each crypto withdrawal is recommended and displayed before confirmation. It is also advisable to monitor the page exchange.youngplatform.com/fees.

Question 16

What is the minimum amount for Euro withdrawals?

Accepted Answer

The minimum amount to make a fiat currency withdrawal from Young Platform is € 20.00 (Euro). For operations below this threshold, please contact our Support Team for assistance.

If you do not know how to send money from your Young Platform account to your bank account, click here.

Question 17

What are the Euro withdrawal fees?

Accepted Answer

The fees for Euro withdrawals vary depending on the payment method chosen:

Credit, debit, or prepaid card: 2.2% + €0.25Bank transfer: €1.99

If you need to learn how to transfer money from your Young Platform account to your bank account, click here.

Question 18

On which transactions are discounts applied?

Accepted Answer

The discounts apply to deposit fees and cryptocurrency buying and selling fees. Go to the dedicated Support page for details on the available Bonuses and how to use them. However, discounts are not applied to withdrawal operations.

Question 19

Can I get YNGs for free?

Accepted Answer

Yes, by downloading the Step app and using the games and features within it, you can earn YNG tokens for free. Download the app using this link.

Question 20

Where can I buy YNG tokens to join the clubs and get fee discounts?

Accepted Answer

Currently, the purchase of YNG tokens is only available on the Young Platform exchange. If you want to learn more about the YNG token, read the dedicated page.

FAQs on Trading Fees

Introduction

What fees are applied by Young Platform?

How can fees be reduced on Young Platform?

If I activate a discount on Young Platform is it also valid on Young Platform Pro?

What are transaction fees?

Depositing

What are the euro deposit fees?

Are there any fees for depositing cryptos?

Buying, Selling and Conversion

What are the fees for recurring purchases of Moneyboxes?

What are the fees for buying and selling cryptocurrencies?

Are there any fixed costs for keeping your money or cryptocurrencies on Young Platform?

Withdrawing

What fees are applied to Euro withdrawals?

What are the fees for withdrawing cryptocurrencies?

What is the minimum amount for cryptocurrency withdrawals?

Are there fees for sending crypto from one Young Platform wallet to another Young Platform wallet?

What are the crypto withdrawal fees?

Can crypto withdrawal fees change?

What is the minimum amount for Euro withdrawals?

What are the Euro withdrawal fees?

Discounts

On which transactions are discounts applied?

Can I get YNGs for free?

Where can I buy YNG tokens to join the clubs and get fee discounts?

FAQs on Trading Fees

Introduction

What fees are applied by Young Platform?

How can fees be reduced on Young Platform?

If I activate a discount on Young Platform is it also valid on Young Platform Pro?

What are transaction fees?

Depositing

What are the euro deposit fees?

Are there any fees for depositing cryptos?

Buying, Selling and Conversion

What are the fees for recurring purchases of Moneyboxes?￼

What are the fees for buying and selling cryptocurrencies?

Are there any fixed costs for keeping your money or cryptocurrencies on Young Platform?

Withdrawing

What fees are applied to Euro withdrawals?

What are the fees for withdrawing cryptocurrencies?

What is the minimum amount for cryptocurrency withdrawals?

Are there fees for sending crypto from one Young Platform wallet to another Young Platform wallet?

What are the crypto withdrawal fees?

Can crypto withdrawal fees change?

What is the minimum amount for Euro withdrawals?

What are the Euro withdrawal fees?

Discounts

On which transactions are discounts applied?

Can I get YNGs for free?

Where can I buy YNG tokens to join the clubs and get fee discounts?

What are the fees for recurring purchases of Moneyboxes?