A Step-by-Step-Guide on how to buy Yield Farming Token (YFT)
Step 1 – Join CEX.io You will first need to buy units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Yield Farming Token (YFT) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (YFT) Yield Farming Token As soon as your deposit has been confirmed, you will now have access to your funds and you can commence buying and trading. To buy (YFT) Yield Farming Token on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. In order to spot (YFT) Yield Farming Token, you will need to put the shortname of the coin (YFT) into the search box, which is marked in the graphic. Be certain of having selected the right pairing, we've marked this also. Click on “YFT/BTC” to go on.
Step 4 – Acquisition of Yield Farming Token (YFT) After you've found Yield Farming Token (YFT), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the latest rate Yield Farming Token (YFT) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of YFT you like to purchase. The ”Total” field is the total price in BTC that you'll pay for the complete volumen of YFT. When you are happy, make a mouse click on “Buy YFT”. Your order will be filled as soon as a Vender trades their YFT for the price you introduced.
Step 5 – Withdraw Yield Farming Token (YFT) Unless you are regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time frame. In order to take off your Yield Farming Token (YFT), go to the tab called “Funds” and mouse click on “Withdraw”. Yield Farming Token (YFT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Yield Farming Token (YFT) by using the given drop-down box. Enter the quantity of Yield Farming Token (YFT) you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. If you are satisfied, click on “Submit”. You could be requested for phone/email verification before a withdrawal.