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How to activate the DeFi Wallet

Young Platform's DeFi services are available exclusively via the app. To access them, you need to activate the DeFi Wallet.

The setup procedure takes a few minutes and is structured in 4 stages:

  • A questionnaire to fill in
  • Consultation of the Terms and Conditions
  • Choosing a password
  • Choosing an authentication method (Face ID or fingerprint)

Before you start

  1. Download the Young Platform app.
  2. Complete identity verification to make your Young Platform account operational.
  3. If you are already registered on Young Platform, make sure you have the app updated to the latest version.
  4. Prepare a secure place to save the wallet password (for example, a password manager). If you lose it, no one can recover it, not even Young Platform.

Steps for activation

  1. Log in to your Young Platform account
  2. From the bottom menu, go to Crypto
  3. Tap Discover on the DeFi Wallet card
  4. The DeFi Wallet page opens. Tap Activate Wallet.
  5. Read the service overview, then tap Activate.
  6. Answer the three questions in the questionnaire. The confirm button only activates after you have selected an answer.
  7. On the Documentation screen, open the Terms and conditions, scroll to the bottom of the document and tap Accept; repeat with the Risk Notice. Tick the two boxes to confirm you have read them and tap Confirm.
  8. Create the wallet password in the Create password and Confirm password fields, then tap Confirm. The password must be at least 8 characters long, including one lowercase letter, one uppercase letter, one number and one special character.
  9. Save the password in a secure place and read the warning. Tick "I have saved the password in a secure place" and tap "Continue".
  10. Authorise the creation of the wallet with Face ID or fingerprint.

Your DeFi Wallet is ready.

Password

The password set for the DeFi Wallet must be different from your Young Platform account credentials (email and password). Consequently, creating this key does not modify or replace the main login password. Its purpose is to ensure an additional level of protection and allow access to the DeFi Wallet to be enabled in specific situations, such as changing device, reinstalling the application or a prolonged period of inactivity.

Key backup (recommended)

Once the DeFi Wallet activation is complete, we recommend that you store an encrypted copy of the DeFi Wallet keys on Google Drive. To consult the detailed instructions, refer to the “Key backup” guide.

The DeFi Wallet is a non-custodial service and does not fall within the scope of the regulated services under the MiCA Regulation for which Young Platform is authorised. Young Platform's CASP authorisation does not cover or guarantee in any way the DeFi Wallet and the third-party protocols accessed through this feature: the user independently manages their own private keys and is solely responsible for the relative operations and connected risks. Consult the DeFi Wallet Terms and Conditions for more information.