A Step-by-Step-Guide on how to buy Yfi Credits (YFIC)
Step 1 – Join CEX.io You will first need to buy one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your Bitcoin or Ethereum.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Yfi Credits (YFIC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin 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 divergent (Follow our manual).
Step 3 – Find Yfi Credits (YFIC) Once your deposit has been verified, you will instantly have access to your finances and you can commence purchasing and trading. To invest in Yfi Credits (YFIC) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To spot Yfi Credits (YFIC), you will need to put the short name of the asset (YFIC) into the search-box, which is marked in the picture. Be certain of having selected the right grouping, we've marked this too. Click on “YFIC/BTC” to go ahead.
Step 4 – Buying Yfi Credits (YFIC) After you've spotted Yfi Credits (YFIC), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're creating our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date rate Yfi Credits (YFIC) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of YFIC you wish to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the complete quantity of YFIC. If you are happy, click on “Buy YFIC”. Your order will be filled as soon as a Seller sells their YFIC for the price you offered.
Step 5 – Withdraw Yfi Credits (YFIC) Unless you are frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time frame. In order to take off your Yfi Credits (YFIC), hover over the tab called “Funds” and mouse click on “Withdraw”. Yfi Credits (YFIC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Yfi Credits (YFIC) by using the given drop-down box. Put into the quantity of Yfi Credits (YFIC) you would wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you are glad, click on “Submit”. You may be requested for email/phone verification before a withdrawal.