A Step-by-Step-Guide on how to buy Non-Fungible Yearn (NFY)
Step 1 – Signup to CEX.io You'll first need to buy units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive Bitcoin or Ethereum.
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Non-Fungible Yearn (NFY) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you have chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Non-Fungible Yearn (NFY) As soon as your deposit has been approved, you will now have access to your finances and you can launch buying and trading. To invest in Non-Fungible Yearn (NFY) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To spot Non-Fungible Yearn (NFY), you will need to insert the shortname of the coin (NFY) into the search box, which is marked in the picture. Make sure you have choosen the correct grouping, we've marked this too. Click on “NFY/BTC” to progress.
Step 4 – Buy Non-Fungible Yearn (NFY) After you've spotted Non-Fungible Yearn (NFY), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to create our Limit Order. The ”Price” field will be filled with the recent price Non-Fungible Yearn (NFY) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of NFY you want to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the whole amount of NFY. When you are satisfied, make a mouse click on “Buy NFY”. Your order will be filled when a Vendor sells their NFY for the price you submitted.
Step 5 – Withdraw Non-Fungible Yearn (NFY) Unless you are frequently trading, you should never keepyour coins on an Crypto Trader for an extended time period. In order to withdraw your Non-Fungible Yearn (NFY), go to the ”Funds” tab and click on “Withdraw”. Non-Fungible Yearn (NFY) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Non-Fungible Yearn (NFY) by using the provided drop-down box. Enter the amount of Non-Fungible Yearn (NFY) you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you are glad, click “Submit”. You may be asked for verfication via phone/email ahead of a take off.