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 – Transfer Your Funds to an Crypto 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. Yield Farming Token (YFT) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate Yield Farming Token (YFT) As soon as your deposit has been confirmed, you will directly have access to your finances and you can launch purchasing and trading. To invest in Yield Farming Token (YFT) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to locate Yield Farming Token (YFT), you will need to put the shortname of the coin (YFT) into the search-box, which is highlighted in the image. Make sure you have selected the proper pairing, we've highlighted this too. Click on “YFT/BTC” to continue.
Step 4 – Acquisition of Yield Farming Token (YFT) After you've found Yield Farming Token (YFT), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price Yield Farming Token (YFT) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of YFT you want to buy. The ”Total” field is the total price in BTC that you will pay for the whole volumen of YFT. When you are glad, make a mouse click on “Buy YFT”. Your plan will be filled when a Vendor sells their YFT for the price you gave.
Step 5 – Withdraw Yield Farming Token (YFT) Unless you are regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time frame. In order to take off your Yield Farming Token (YFT), go to the ”Funds” tab and mouse click on “Withdraw”. Yield Farming Token (YFT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Yield Farming Token (YFT) by using the given drop-down box. Drop in the quantity of Yield Farming Token (YFT) you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you're satisfied, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.