A Step-by-Step-Guide on how to buy Yearn Finance DOT (YFDOT)
Step 1 – Join CEX.io You will first need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Yearn Finance DOT (YFDOT) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find Yearn Finance DOT (YFDOT) Once your deposit has been confirmed, you'll directly have access to your finances and you can launch buying and trading. To purchase Yearn Finance DOT (YFDOT) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. To discover Yearn Finance DOT (YFDOT), you'll need to insert the short name of the asset (YFDOT) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we've marked this also. Click on “YFDOT/BTC” to go ahead.
Step 4 – Buy Yearn Finance DOT (YFDOT) After you've located Yearn Finance DOT (YFDOT), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff Yearn Finance DOT (YFDOT) was traded for. You can change this to your desired price. The ”Amount” field is the amount of YFDOT you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the whole amount of YFDOT. When you are happy, make a mouse click on “Buy YFDOT”. Your order will be filled as soon as a Seller sells their YFDOT for the price you introduced.
Step 5 – Withdraw Yearn Finance DOT (YFDOT) Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an longer time frame. To withdraw your Yearn Finance DOT (YFDOT), hover over the ”Funds” tab and click on “Withdraw”. Yearn Finance DOT (YFDOT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Yearn Finance DOT (YFDOT) by using the given drop-down box. Enter the quantity of Yearn Finance DOT (YFDOT) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you're satisfied, click “Submit”. You could be requested for phone/email verification ahead of a take off.