A Step-by-Step-Guide on how to buy Yearn Finance Network (YFN)
Step 1 – Join CEX.io You will first need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and getting your Bitcoin or Ethereum.
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Yearn Finance Network (YFN) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a BTC 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 different (Just follow our guide).
Step 3 – Locate Yearn Finance Network (YFN) Once your deposit has been affirmed, you'll directly have access to your assets and you can commence buying and trading. To invest in Yearn Finance Network (YFN) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To locate Yearn Finance Network (YFN), you'll need to insert the short name of the asset (YFN) into the search-box, which is highlighted in the picture. Be certain of having selected the right grouping, we have highlighted this too. Click on “YFN/BTC” to proceed.
Step 4 – Buy Yearn Finance Network (YFN) After you have found Yearn Finance Network (YFN), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation Yearn Finance Network (YFN) was traded for. This can be changed to your favoured price. The ”Amount” field is the quantity of YFN you wish to purchase. The ”Total” field is the whole price in BTC that you'll settle for the complete quantity of YFN. If you are happy, click on “Buy YFN”. Your order will be filled when a Vender sells their YFN for the price you gave.
Step 5 – Withdraw Yearn Finance Network (YFN) Unless you're trading, best advise is not to keep coins on an Crypto Exchange for an extended time period. In order to withdraw your Yearn Finance Network (YFN), hover over the tab called “Funds” and mouse click on “Withdraw”. Yearn Finance Network (YFN) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Yearn Finance Network (YFN) by using the given drop-down box. Enter the quantity of Yearn Finance Network (YFN) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.