A Step-by-Step-Guide on how to buy YAM (YAM)
Step 1 – Join CEX.io You will first need to buy units of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. YAM (YAM) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find YAM (YAM) As soon as your deposit has been confirmed, you will now have access to your finances and you can initiate purchasing and trading. To buy YAM (YAM) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to spot YAM (YAM), you will need to put the short name of the asset (YAM) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we have highlighted this also. Click on “YAM/BTC” to continue.
Step 4 – Purchasing (YAM) YAM After you've spotted (YAM) YAM, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're creating our Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date price (YAM) YAM was sold for. You can change this to your preferred rate. The ”Amount” field is the volumen of YAM you like to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole volumen of YAM. When you are glad, make a mouse click on “Buy YAM”. Your plan will be filled as soon as a Seller sells their YAM for the price you submitted.
Step 5 – Withdraw YAM (YAM) Unless you're trading, best advise is not to keep crypto on an Exchange for an extensive time period. To take off your YAM (YAM), hover over the ”Funds” tab and click on “Withdraw”. YAM (YAM) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find YAM (YAM) by using the given drop-down box. Put into the volumen of YAM (YAM) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you're satisfied, click “Submit”. You may be requested for verfication via phone/email before a take off.