Skip to content Skip to footer

How to Buy Yearn Finance DOT (YFDOT)

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).

Binance Signup
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Yearn Finance DOT (YFDOT) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

Make sure you've chosen the right coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find Yearn Finance DOT (YFDOT)

Once your deposit has been affirmed, you'll instantly have access to your finances and you can start invest and trading. To buy Yearn Finance DOT (YFDOT) on Binance, you'll want to go to the tab which is called “Exchange” 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 image. Make sure you have choosen the right pairing, we have marked this also. Click on “YFDOT/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} Yearn Finance DOT (YFDOT)
Step 4 – Acquisition of Yearn Finance DOT (YFDOT)

Once you've spotted Yearn Finance DOT (YFDOT), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest price Yearn Finance DOT (YFDOT) was sold for. This can be changed to your preferred rate. The ”Amount” field is the quantity of YFDOT you want to buy. The ”Total” field is the total price in BTC that you will pay for the whole volumen of YFDOT.

When you're happy, click on “Buy YFDOT”. Your order will be filled when a Seller trades their YFDOT for the price you submitted.

Step 5 – Withdraw Yearn Finance DOT (YFDOT)

Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive period of time. To withdraw your Yearn Finance DOT (YFDOT), go to the ”Funds” tab and mouse click on “Withdraw”. Yearn Finance DOT (YFDOT) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Yearn Finance DOT (YFDOT) by using the given drop-down box. Put into the amount of Yearn Finance DOT (YFDOT) you would like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

If you are glad, click “Submit”. You may be requested for email/phone verification before a withdrawal.

Congratulations! You have successfully purchased and safed Yearn Finance DOT (YFDOT).

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Yearn Finance DOT (YFDOT) is safe in your wallet, you are finished.
/* */Generated by MPG