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Adding funds to pay network fees

Every transaction on the DeFi Wallet requires a network fee, payable in ETH, USDC, EURC or YNG depending on the settings selected in the Manage fees section. If you do not have any of these four cryptocurrencies, you will not be able to carry out any operations (such as sends, swaps or deposits in Lending), even if the total balance of the wallet is not empty.

In this case, the Network fees card will appear on the DeFi Wallet screen bearing the INSUFFICIENT BALANCE label and the Add funds button, which will allow you to get the necessary cryptocurrency. This guide explains the steps to obtain the liquidity required to cover network fees.

Before you start

  • The card appears whenever you do not have enough cryptocurrency to cover network fees, and disappears as soon as the balance of one of them becomes positive.
  • You have two options: transfer ETH or YNG already present on your Young Wallet to the DeFi Wallet, or buy USDC or EURC with euros. Since stablecoins cannot be transferred from the Young Wallet, these only appear among the purchase options.
  • In both cases, the order is executed on the Young Platform and the cryptocurrencies are credited directly to the DeFi Wallet.
  • Each transaction is subject to minimum and maximum amount limits, clearly indicated below the amount entry field.

For details on applied fees, amount limits and the specific features of each stablecoin, see the DeFi Wallet fees page.

Moving ETH or YNG from the Young Wallet

This is the quickest way if you already have ETH or YNG on the Young Wallet.

Here are the steps:

  1. In the Network fees card tap Add funds.
  2. On the Add funds screen, under From Young Wallet, tap the crypto to move: next to it you can see the available balance.
  3. Type how much you want to move. You can use MAX or quick percentages and check the minimum amount indicated below the figure.
  4. Tap Order preview and check the details: cryptocurrency, starting and destination wallet, network, amount and fees.
  5. Tap Confirm order and authorise with Face ID or fingerprint.

Buying USDC or EURC

If you do not have ETH or YNG on the Young Wallet, or prefer to pay fees in stablecoins, buy them in euros without leaving the flow.

Here are the steps:

  1. In the Network fees card tap Add funds.
  2. Under Buy, choose USD Coin (USDC) or EUR Coin (EURC).
  3. Type the amount in euros, using quick amounts or MAX. Below the figure you can see the equivalent value in stablecoins; the payment source can be changed with Change.
  4. Tap Order preview: you will find the price, the credit to the DeFi Wallet, amount, fees, net amount and the quote timer.
  5. Tap Confirm Order before the timer expires and complete the security check, if requested.

Once confirmed, the order cannot be cancelled. At the end, the Network fees card disappears from the wallet page.

If you were in the middle of another operation

People often realise their balance is insufficient while they are doing something else, for example a send or a swap. In that case, once the top-up is finished, the Return to previous operation button appears: tap it to resume from where you left off.

If the operation fails

The Operation failed message will appear, prompting you to check your balance and refresh the quote. Tap Try again. If the error persists, open a ticket with Support. No amount will be charged until the operation has been successful.

The DeFi Wallet is a non-custodial service and does not fall within the scope of services regulated 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 third-party protocols accessed via this feature: you manage your own private keys autonomously and are solely responsible for the related operations and associated risks. Check the DeFi Wallet Terms and Conditions for more information.