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Adding USDC and EURC to the DeFi Wallet

Once activated, the DeFi Wallet appears empty. To open a Lending position, you need to hold stablecoins in your available balance, such as USDC or EURC. The quickest way to get them is to buy them directly in Euro via the Add funds card, visible on the wallet page as long as the stablecoin balance remains zero. The order is processed on the Young Platform exchange and the stablecoins are credited directly to the DeFi Wallet.

This guide refers to the purchase of stablecoins intended for lending. If the app instead signals a lack of crypto to cover network fees, you can consult the guide How to add funds to pay network fees.

Before you start

  • Stablecoins cannot be moved from the Young Wallet to the DeFi Wallet: to have them in the DeFi Wallet you must buy them.
  • You pay with the Euro balance of your Young Platform account; you can change the payment method with Edit.
  • Each purchase has a minimum and maximum amount, indicated below the figure you type.
  • The buttons in this flow are green: the order is executed on the Young Platform exchange, not on the DeFi Wallet.

Steps to purchase

  1. On the DeFi Wallet page, tap Add funds in the card of the same name.
  2. In the Add funds screen, under Buy, choose USD Coin (USDC) or EUR Coin (EURC).
  3. Type the amount in Euro. You can use the quick amounts (€10, €100, €500, €1000) or MAX; below the figure you will see the equivalent value in stablecoins. If you exceed the balance or go outside the limits, the balance turns red and the button remains inactive.
  4. Check the payment source and tap Preview order.
  5. Check the details: cryptocurrency, price, credit to DeFi Wallet, amount, fees and net amount. At the top, a timer indicates how long the quote remains valid.
  6. Tap Confirm Order before the timer expires. If it expires, the app updates the quote and you can confirm again.

Once finished, the stablecoins are in the available balance of the DeFi Wallet. From there, you decide if and when to open a Lending position.

Other ways to have stablecoins in the DeFi Wallet

If you already own USDC or EURC on another self-custody wallet, you can transfer them to the DeFi Wallet via the Receive function: make sure to select the Ethereum network to avoid the loss of funds. If you have other cryptocurrencies within the DeFi Wallet, you could instead convert them into stablecoins directly on-chain using the Swap function.

If the operation fails

If you see the error message Operation failed, the app will invite you to check the available balance and update the quote. Simply tap Retry to recalculate the price and confirm the order again. Should the error persist, contact Support by opening a ticket.

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 private keys and is solely responsible for the related operations and connected risks. Consult the DeFi Wallet Terms and Conditions for more information.