Acceptance of the Terms

The use of the “Euro Only” service on Young Platform (“the Service”) is subject to acceptance of these Terms and Conditions (“T&Cs”).
Legal entities using Young Platform (the “Business User”) agree to be legally bound by these T&Cs, including any additional applicable terms and policies, as well as the Young Platform General Terms and Conditions.
Business Users are therefore advised to read these T&Cs carefully before opting to use the Service.

Registration, Confirmation, Verification and Activation

With respect to the processes of Registration, Confirmation, Verification and Activation of the account, refer to the “General Terms & Conditions – Young Platform Currency Exchange” published on the Young Platform S.p.A. website (https://youngplatform.com/legal/terms-conditions-young-platform/), in particular Article 4 thereof.

Activation of the Euro Only Service

Suppose the Business User, having registered on the exchange platform in accordance with Article 2 above, wishes to activate the Euro Only feature. In that case, they must submit their request to Young Platform via email at: [email protected].
Activation of the Service is subject to discretionary verification and approval by Young Platform.

Cost of the Service, Payment Method, Invoicing Method and Right of Withdrawal

4.1 The cost of the Euro Only Service shall be agreed in writing between Young Platform and the User through the signature of a bespoke offer (the “Offer”). It is understood that Young Platform reserves the unilateral right to apply discounts, promotions and other similar initiatives, at its sole discretion.
4.2 Once the Service is purchased, the contract term is 12 (twelve) months from the date of signature. The contract shall automatically renew annually (unless otherwise specified in the Offer), with either party entitled to withdraw by giving no less than 30 (thirty) days’ notice prior to expiry. However, during the first 6 months, the User may not exercise the right of withdrawal.
4.3 Method of payment: payment must be made within 10 days from the invoice issue date (30 days from issue date) by bank transfer to the account subsequently specified by Young Platform S.p.A., in its own name, quoting “Licenza Euro Only” as the payment reference.
Once the bank transfer is made, payment is non‑refundable.
4.4 Invoicing method: the Euro Only Service shall be invoiced by means of the contractual subscription method. This entails that the User undertakes to pay the predetermined amount in accordance with the contract subscribed between the parties.

Use and Functionality of Euro Only

 5.1 Young Platform offers an advanced functionality that enables legal entities registered on the platform to automatically convert received cryptocurrencies into euros.
5.2 This functionality allows Business Users to immediately and automatically convert received cryptocurrencies into euros, without requiring manual transactions. There is no predetermined minimum limit for cryptocurrency conversion; hence, the conversion process will take place regardless of amount.
5.3 The automatic conversion of received cryptocurrencies into euros is executed based on the exchange rates in effect on the Young Platform at the time of the transaction. The equivalent euro amount will be credited to the Business User’s account promptly and securely.
5.4 The fees and spread applied to the conversion of cryptocurrencies into euros shall be those provided for in the standard Young Platform exchange. However, note that the cost of fees and the spread may vary depending on the cryptocurrency being converted to euros. Furthermore, Young Platform reserves the right to modify fees and spreads according to its requirements and market conditions. Any changes will be promptly notified to Business Users via the platform’s official channels.
5.5 For the purpose of the automatic conversion functionality, the Business User, upon purchase of the Service, is responsible for deciding which cryptocurrencies they wish to enable for conversion. This selection must be communicated to Young Platform in advance and clearly, via the email address specified in Article 2.
5.6 Young Platform reserves the right to temporarily or permanently disable specific cryptocurrencies for automatic conversion into euros should exceptional circumstances occur, or if necessary for security, regulatory compliance, or other reasons at Young Platform’s sole discretion.
5.7 Any changes to cryptocurrencies enabled or disabled for automatic conversion into euros require a written request from the Business User to [email protected]. Young Platform will assess the request and act accordingly.

Amendments and Additions to These Terms

6.1 Young Platform reserves the right at any time to modify, integrate and/or cancel, in whole or in part, the Service in question, these Terms and Conditions and any accessory content or documents, in order to offer new products or services or to comply with market demands or legal and regulatory requirements.
6.2 In such case, Young Platform undertakes to inform Users of contractual changes by publishing a notice on the platform homepage (including via dedicated banners) and on the webpage where these Terms and Conditions are published.
6.3 The User is obliged to regularly review the Terms and Conditions and expressly agrees that their continued use of the “Euro Only” functionality after changes to the documentation have been communicated shall constitute unequivocal acceptance thereof.
6.4 Should a User not wish to accept the changes to the Terms and Conditions, they may withdraw at any time in accordance with the provisions of Article 4 of this document.
6.5 Should any provision of these Terms be deemed invalid, null or otherwise unenforceable, such provision shall not affect the validity and enforceability of the remaining provisions.

Limitation of Liability

7.1 Young Platform undertakes to provide a prompt and efficient service in converting enabled cryptocurrencies into euros. However, it is emphasised that virtual currencies are, by nature, subject to significant volatility and price fluctuations. Accordingly, Young Platform disclaims all liability for any losses or damages that may arise from price changes or other factors during the cryptocurrency to euro conversion process. The Business User is fully aware that cryptocurrency values may fluctuate significantly over time and that this may impact the final outcome of the conversion.
7.2 The Business User is required to carefully consider the risks associated with cryptocurrency price fluctuations and to make informed decisions before utilising the automatic conversion functionality offered by Young Platform.
7.3 Under no circumstances shall Young Platform be held liable for any losses, missed profits or damages of any kind resulting from the conversion of cryptocurrencies into euros. The use of the automatic conversion service is at the sole risk and responsibility of the Business User.
7.4 The Business User acknowledges that Young Platform provides the automatic conversion functionality solely as a facilitation tool, and that the User alone is responsible for their decisions and the consequences thereof.
7.5 The Business User is advised to monitor cryptocurrency market developments closely and to make informed decisions according to their personal circumstances and risk tolerance.
7.6 Under no circumstances shall Young Platform’s failure to exercise its right to take action against Users in breach of any obligations under these Terms and Conditions be interpreted or deemed a waiver of the Company’s rights, including the right to act. In this regard, tolerance of a default and/or partial compliance does not constitute a waiver of the underlying right, and furthermore, waiver of a right shall not lead to forfeiture of any other rights under this document.
7.7 It is further noted that should any provision be declared void due to subsequent regulatory changes, such nullity shall not affect the validity of the contract as a whole.

Applicable Law and Jurisdiction

8.1 These Terms and Conditions are governed by and must be interpreted in accordance with Italian law and applicable European regulations.
8.2 Given the “Consumer” status attributed to the Users, pursuant to the rules on distance contracts provided and regulated by Articles 50 to 61 of Legislative Decree no. 206/2005 (Consumers’ Code), any dispute concerning or relating to the interpretation and application of these Terms and Conditions and/or any breach or service failure attributable to the Company, and related disputes, shall be subject to the exclusive jurisdiction of the Judicial Authority of the place of residence or domicile of the Consumer User.

Contacts

For any requirements, contact: Young Platform S.p.A, Via Francesco Cigna No. 96/17, Turin (TO), Postal Code 10155, or via email: [email protected].

To view our Privacy Policy: https://youngplatform.com/legal/privacy-policy/.

Last updated on 11.07.2025