A Step-by-Step-Guide on how to buy yearn.finance (YFI)
Step 1 – Join CEX.io You'll first need to purchase units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. yearn.finance (YFI) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find yearn.finance (YFI) As soon as your deposit has been approved, you will instantly have access to your finances and you can initiate invest and trading. To buy yearn.finance (YFI) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. In order to spot yearn.finance (YFI), you will need to put the cointype (YFI) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we have highlighted this too. Click on “YFI/BTC” to proceed.
Step 4 – Buying yearn.finance (YFI) Once you've discovered yearn.finance (YFI), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're going to make our Limit Order. The ”Price” field will be filled automatically with the up-to-date rate yearn.finance (YFI) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of YFI you like to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the complete volumen of YFI. When you are satisfied, make a mouse click on “Buy YFI”. Your plan will be filled when a Seller trades their YFI for the price you submitted.
Step 5 – Withdraw yearn.finance (YFI) Unless you are frequently trading, never keep your coins on an Crypto Trader for an extended period of time. In order to take off your yearn.finance (YFI), go to the tab called “Funds” and mouse click on “Withdraw”. yearn.finance (YFI) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate yearn.finance (YFI) by using the given drop-down box. Enter the amount of yearn.finance (YFI) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address. If you are happy, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.