Do you want to transfer cryptocurrencies that you hold on another exchange, personal wallet, or platform to Young Platform? With this guide you will discover the procedure for withdrawing from the external wallet and depositing your cryptocurrencies on Young Platform.
Check networks and memos
Before depositing, always check the networks supported by Young Platform and whether a memo/tag is required.
For some cryptocurrencies, specifying the memo (or tag) is mandatory: Ripple (XRP), Stellar (XLM), Terra V2 (LUNA 2.0) and EOS. If the platform of origin requires you to specify the type of memo, Young Platform only ever provides the ID memo type.
We are implementing more networks supported for depositing on Young Platform. In addition to the standard ones (Bitcoin Segwit, Ethereum ERC-20 and native protocols), the following additional networks are currently available to transfer these cryptocurrencies:
ETH
- Arbitrum
- Optimism
- BSC
USDT
- Tron
- Arbitrum
- Optimism
- BSC
USDC
- Arbitrum
- Optimism
Attention!
Cryptocurrency deposits sent to the wrong network, or to the wrong wallet or without a memo/tag may not be recoverable. In this case, the cryptocurrency deposit made by the User in error entails a commitment on the part of Young Platform to return the value and not a commitment to return the currency.
Deposit cryptocurrencies
Select Deposit from the Young Platform Homepage or the Wallet of the specific cryptocurrency:
- Select the cryptocurrency you want to deposit from the external wallet
- You will see the address of your Young Platform Wallet for the chosen cryptocurrency and any Memo (or Tag)
- Select the network to be used for the transfer, if selectable
- Copy the Wallet Address or scan the QR code. Do not type in the address by hand.
Go to the external wallet, and look for the send or withdraw function
- Use the copied address and memo, if any, to send cryptocurrencies
- Select the same network you selected on Young Platform
- Complete the procedure from the external wallet by carefully checking all details
Done! Once the transfer is complete, you can view the balance in the Young Platform Wallet of the specific cryptocurrency. The timing for receiving the transfer varies depending on the cryptocurrency.
For full details on supported currencies, fees and minimum amounts visit this page.
For your convenience, we list some external exchange guides for sending cryptocurrencies on Young Platform:
- Binance: How to Withdraw from Binance.
- Coinbase: How to send and receive cryptocurrency
- Crypto.com: How to withdraw cryptocurrency from my Crypto.com Exchange wallet
- Gemini: How do I withdraw digital assets from my Gemini account?
- Huobi: How to withdraw coins
- Luno: How do I send cryptocurrency?
- Kraken: How to withdraw cryptocurrencies from your Kraken account
- Poloniex: How to Withdraw
NB: Make sure you send cryptocurrencies to the correct Young Platform Wallet address - transactions sent to the wrong address may not be recoverable.