A Step-by-Step-Guide on how to buy Aave YFI (AYFI)
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to buy one of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get your first 10$.
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Aave YFI (AYFI) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you have selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate (AYFI) Aave YFI Once your deposit has been affirmed, you will immediately have access to your assets and you can commence buying and trading. To purchase (AYFI) Aave YFI on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to locate (AYFI) Aave YFI, you will need to insert the short name of the asset (AYFI) into the search box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we have highlighted this too. Click on “AYFI/BTC” to progress.
Step 4 – Buy (AYFI) Aave YFI Once you've spotted (AYFI) Aave YFI, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are making our Limit Order. The ”Price” field will be automatically filled with the most latest price (AYFI) Aave YFI was traded for. You can change this to your preferred price. The ”Amount” field is the volumen of AYFI you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete volumen of AYFI. If you are happy, click on “Buy AYFI”. Your order will be filled as soon as a Vender trades their AYFI for the price you introduced.
Step 5 – Withdraw (AYFI) Aave YFI Unless you are trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer time frame. To take off your (AYFI) Aave YFI, hover over the tab called “Funds” and click on “Withdraw”. (AYFI) Aave YFI can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (AYFI) Aave YFI by using the given drop-down box. Enter the volumen of (AYFI) Aave YFI you would wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you are glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.