A Step-by-Step-Guide on how to buy Yield Farming Token (YFT)
Step 1 – Join CEX.io You'll first need to buy units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and receive your Ethereum or Bitcoin.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Yield Farming Token (YFT) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find Yield Farming Token (YFT) Once your deposit has been approved, you will immediately have access to your finances and you can initiate buying and trading. To invest in Yield Farming Token (YFT) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover Yield Farming Token (YFT), you will need to put the cointype (YFT) into the search-box, which is marked in the picture. Be certain of having selected the proper grouping, we've marked this too. Click on “YFT/BTC” to progress.
Step 4 – Purchase Yield Farming Token (YFT) After you have found Yield Farming Token (YFT), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are creating our own Limit Order. The field with the “Price” tag will be filled with the recent tariff Yield Farming Token (YFT) was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of YFT you want to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the complete amount of YFT. When you're happy, click on “Buy YFT”. Your plan will be filled as soon as a Vender trades their YFT for the price you submitted.
Step 5 – Withdraw Yield Farming Token (YFT) Unless you are frequently trading, best advise is not to keep coins on an Exchange for an extended time frame. In order to take off your Yield Farming Token (YFT), go to the ”Funds” tab and click on “Withdraw”. Yield Farming Token (YFT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Yield Farming Token (YFT) by using the provided drop-down box. Enter the volumen of Yield Farming Token (YFT) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification before a take off.