A Step-by-Step-Guide on how to buy Yearn Finance DOT (YFDOT)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and getting your Ethereum or Bitcoin.
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Yearn Finance DOT (YFDOT) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Yearn Finance DOT (YFDOT) As soon as your deposit has been verified, you will immediately have access to your finances and you can begin purchasing and trading. To buy Yearn Finance DOT (YFDOT) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. To spot Yearn Finance DOT (YFDOT), you will need to insert the cointype (YFDOT) into the search-box, which is marked in the graphic. Be certain of having selected the correct grouping, we have marked this also. Click on “YFDOT/BTC” to advance.
Step 4 – Purchase (YFDOT) Yearn Finance DOT Once you have found (YFDOT) Yearn Finance DOT, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our Limit Order. The ”Price” field will be automatically filled with the latest price (YFDOT) Yearn Finance DOT was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of YFDOT you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole amount of YFDOT. When you're glad, make a mouse click on “Buy YFDOT”. Your plan will be filled as soon as a Vender sells their YFDOT for the price you introduced.
Step 5 – Withdraw Yearn Finance DOT (YFDOT) Unless you are frequently trading, best advise is not to keep coins on an Crypto Exchange for an extended time frame. In order to take off your Yearn Finance DOT (YFDOT), hover over the ”Funds” tab and click on “Withdraw”. Yearn Finance DOT (YFDOT) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Yearn Finance DOT (YFDOT) by using the given drop-down box. Put into the quantity of Yearn Finance DOT (YFDOT) you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. If you are happy, click “Submit”. You could be asked for email/phone verification before a take off.