A Step-by-Step-Guide on how to buy Yearn Finance Bit (YFBT)
Step 1 – Join Coinbase and get 10$ for free You'll first need to purchase units of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and receive your welcome 10$.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Yearn Finance Bit (YFBT) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Yearn Finance Bit (YFBT) Once your deposit has been confirmed, you will directly have access to your assets and you can launch invest and trading. To buy Yearn Finance Bit (YFBT) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To spot Yearn Finance Bit (YFBT), you will need to put the short name of the asset (YFBT) into the search-box, which is highlighted in the picture. Make sure you have selected the correct pairing, we have highlighted this also. Click on “YFBT/BTC” to proceed.
Step 4 – Buying Yearn Finance Bit (YFBT) After you've discovered Yearn Finance Bit (YFBT), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're creating our Limit Order. The field with the “Price” tag will be filled with the most latest valuation Yearn Finance Bit (YFBT) was traded for. You can change this to your favoured price. The ”Amount” field is the quantity of YFBT you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete quantity of YFBT. When you are happy, click on “Buy YFBT”. Your order will be filled as soon as a Vender sells their YFBT for the price you offered.
Step 5 – Withdraw Yearn Finance Bit (YFBT) Unless you are trading, never keep your crypto coins on an Crypto Exchange for an longer time period. In order to take off your Yearn Finance Bit (YFBT), hover over the ”Funds” tab and mouse click on “Withdraw”. Yearn Finance Bit (YFBT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Yearn Finance Bit (YFBT) by using the given drop-down box. Enter the quantity of Yearn Finance Bit (YFBT) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, click on “Submit”. You may be requested for email/phone verification before a withdrawal.