Young Platform alternative for selling USDC you were sent
The Young Wallet takes no USDC deposits, and the DeFi Wallet will not sell USDC for fiat. Unigox is a Young Platform alternative for USDC sent from another wallet: a buyer pays your bank. For coins or staking, stay.
When to stay with Young Platform
You buy, hold and stake coins
The Young Wallet holds Bitcoin, Ether, Solana and the other listed coins in custody under Young Platform's MiCAR authorisation. Moneyboxes buy on a schedule, and ETH, SOL, TIA and ATOM can be staked. Unigox trades stablecoins only.
Your salary and card run through it
The Young payment account takes salary payments and bank transfers and shows pagoPA alerts, and the Young Card pays cashback in YNG. Young Platform offers the account as an agent of TPPay, an Italian e-money institution.
You hold YNG in a Club
Clubs take 5% to 90% off Young Platform's fees, depending on how much YNG you keep in them: from around 130 YNG for the first level to around 18,000 YNG for Platinum.
Young Platform and Unigox for USDC paid from outside
Young Platform shows its sale fee apart from a spread built into its firm price; on Unigox there is only the rate. Compare the euros that land in your bank on the same day, not the headline figures.
| Topic | Young Platform | Unigox |
|---|---|---|
| Who buys from you | In the app, Young Platform itself, at a firm price it quotes for a few seconds. Pro sends your order to outside venues instead. The euro is the only fiat currency it supports. | A P2P merchant who takes your sale on Unigox, while your USDC waits in escrow. |
| USDC from another wallet | The Young Wallet's deposit list has no USDC. The DeFi Wallet receives USDC on Ethereum but settles USDC for euros as buy only, and USDC cannot move between the two wallets. | Send it to your Unigox deposit address on a network the deposit screen offers, and sell it there with no swap into another coin. |
| Fee on the sale | Orders in euros:
| A single rate for your amount, fee included, shown before you accept the trade. |
| Money to your bank | A withdrawal by bank transfer to an EEA account in your name: 1.99 EUR, 2 to 5 working days. Level 1 caps one withdrawal at 4,000 EUR and a year at 25,000 EUR. | No withdrawal step: the buyer pays the account you name while your USDC waits in escrow. Confirm once the payment arrives, or open a dispute if it does not. |
| Regulation | Young Platform S.p.A. is authorised by Consob and Banca d'Italia as a crypto-asset service provider under MiCAR. The DeFi Wallet falls outside that authorisation. | Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
UnigoxSell USDC from another wallet on Unigox
Verify while the USDC waits
Sign up on Unigox and complete identity verification before the first trade; the USDC can wait in its current wallet meanwhile.
Send the USDC to Unigox
Copy your Unigox deposit address, check the network the deposit screen names, and send the USDC from the wallet or exchange that holds it. It does not have to become another coin first, as it would on the way to a Young Platform sale.
Name your bank account and sell
Pick the currency, add the account the buyer should pay and accept the rate. Confirm once the money shows in your bank, or open a dispute if it does not arrive in time.
Young Platform alternative: what people ask
Young Platform will not take my USDC. Where can I sell it?
Unigox. You send the USDC in, and a P2P merchant buys it and pays your bank account. Young Platform takes no USDC into the Young Wallet, and in its DeFi Wallet USDC can be bought with euros but not sold for them.
What are Young Platform's fees for selling crypto?
Its fees page lists 1.99 EUR for orders up to 50 EUR, 2.49 EUR up to 100 EUR and 1.89% on larger orders, on top of a spread built into the firm price. Sending the euros to your bank costs another 1.99 EUR. Unigox shows no separate fee: it is part of the rate you accept.
Can I send USDC to Young Platform and sell it?
Only into the DeFi Wallet, on Ethereum, and not straight for euros: there the USDC-EUR route is buy only, and USDC cannot move to the Young Wallet. It would first have to be swapped into a coin both wallets support, such as ETH, then moved and sold.
Who authorises Young Platform, and does that cover the DeFi Wallet?
Consob and Banca d'Italia: Young Platform S.p.A. in Turin is authorised by them as a crypto-asset service provider under MiCAR, and the Young Wallet is custody under that authorisation. The DeFi Wallet is not covered: Young Platform says it falls outside MiCAR and its protections.
Price the USDC you were sent
Young Platform's route is a swap into another coin, its sale fee and the 1.99 EUR bank withdrawal. The Unigox rate for your amount already has its fee in it.
Young Platform and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.