Withdrawing cryptocurrencies means transferring them from your Young Platform wallet directly to an external wallet, without converting them into euros.
Do you want to convert your cryptocurrencies into Euros and then send the Euros to your bank account by bank transfer? Find the guide at this link!
Check networks and memos
1. To withdraw some cryptocurrencies, a Memo/Tag is required: Stellar (XLM), Ripple (XRP), Terra (LUNA), Algorand (ALGO) and EOS.
2. Did you send the wrong network or did you not enter the memo? To attempt to retrieve your cryptocurrencies, contact the platform you sent them to, to request the funds be returned to Young Platform. Once you receive confirmation of the referral, send us all the details by copying them by hand.
3. You can only send from Young Platform to other Young Platform accounts cryptocurrencies that do not require memos.
4. We are implementing additional networks supported for withdrawal from Young Platform.
To view the complete and updated list, visit the "Supported Virtual Currencies on Young Platform" section on the "Fees and Prices" page.
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:
Ethereum (ETH)
- ETHEREUM
- ARBITRUM
- OPTIMISM
- BSC
- LINEA
- BASE
Tether USD (USDT)
- ETHEREUM
- POLYGON
- ARBITRUM
- OPTIMISM
- BSC
- TRX
USD Coin (USDC)
- ETHEREUM
- POLYGON
- ARBITRUM
- OPTIMISM
Polygon (MATIC)
- ETHEREUM
- POLYGON
Withdrawing cryptocurrencies
From the Homepage section, click on the “Send” button or go to the Young Platform Wallet section:
- Select the cryptocurrency you want to send to the external wallet
- Next to the deposit and sell buttons, click on the three dots and select “Send”.
- Select the network to use for the transfer if multiple options are available.
- Enter the address of the wallet to which you want to transfer cryptocurrencies. Copy and paste the address or scan the QR code. Do not type in the address by hand.
Remember that for some cryptocurrencies, the Memo or Tag is required. If the target platform requires you to specify the type of memo needed, Young Platform will only ever require the memo ID.
- Tick the box if you do not have a memo/tag and the external wallet does not require it.
- Enter the amount, respecting the minimum amounts and press Continue
- Double-check that the Wallet address is correct - transactions sent to the wrong address may not be recoverable. If everything is correct, swipe right
- Go to Preview. Check the points to ensure that the transaction is secure and that you have followed the correct steps to avoid the loss of your cryptocurrencies.
- Click on Complete the transaction. Verify that all the entered data is correct and click Continue.
- Depending on your authentication method set-up, enter the code from Google Authenticator or press the 'Send' buttons to receive the OTP code either via SMS or email.
Done! The cryptocurrencies will be credited to the external wallet. The timing for receiving the transfer varies depending on the cryptocurrency.
For full details on supported currencies, fees and minimum withdrawal amounts visit this page.