A Step-by-Step-Guide on how to buy YfDAI.finance (YF-DAI)
Step 1 – Signup to CEX.io You will first need to buy units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) 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. YfDAI.finance (YF-DAI) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate YfDAI.finance (YF-DAI) As soon as your deposit has been affirmed, you will now have access to your assets and you can start purchasing and trading. To invest in YfDAI.finance (YF-DAI) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to discover YfDAI.finance (YF-DAI), you will need to put the cointype (YF-DAI) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we have marked this too. Click on “YF-DAI/BTC” to continue.
Step 4 – Buy YfDAI.finance (YF-DAI) As soon as you have located YfDAI.finance (YF-DAI), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our Limit Order. The ”Price” field will be filled with the latest price YfDAI.finance (YF-DAI) was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of YF-DAI you like to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole amount of YF-DAI. When you are glad, make a mouse click on “Buy YF-DAI”. Your plan will be filled when a Seller trades their YF-DAI for the price you introduced.
Step 5 – Withdraw YfDAI.finance (YF-DAI) Unless you're frequently trading, best advise is not to keep your coins on an Crypto Exchange for an longer time frame. In order to take off your YfDAI.finance (YF-DAI), go to the ”Funds” tab and click on “Withdraw”. YfDAI.finance (YF-DAI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find YfDAI.finance (YF-DAI) by using the given drop-down box. Put into the quantity of YfDAI.finance (YF-DAI) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, click “Submit”. You may be asked for email/phone verification before a withdrawal.