How to Buy YAM (YAM)

A Step-by-Step-Guide on how to buy YAM (YAM)

Step 1 – Signup to CEX.io

In the beginning you'll need to buy units of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and to get Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. YAM (YAM) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have selected the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate YAM (YAM)

Once your deposit has been affirmed, you'll now have access to your assets and you can begin purchasing and trading. To invest in YAM (YAM) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

To spot YAM (YAM), you'll need to put the short name of the asset (YAM) into the search-box, which is marked in the image. Be certain of having selected the correct grouping, we have marked this also. Click on “YAM/BTC” to proceed.

Binance Hot To Buy YAM (YAM)
Binance How to Buy (YAM) YAM
Step 4 – Purchasing YAM (YAM)

As soon as you have located YAM (YAM), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the most recent price YAM (YAM) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of YAM you want to purchase. The ”Total” field is the whole price in BTC that you will settle for the whole quantity of YAM.

When you're glad, make a mouse click on “Buy YAM”. Your order will be filled as soon as a Vendor sells their YAM for the price you introduced.

Step 5 – Withdraw YAM (YAM)

Unless you're frequently trading, never keep your crypto on an Crypto Trader for an extensive period of time. In order to withdraw your YAM (YAM), hover over the tab called “Funds” and mouse click on “Withdraw”. YAM (YAM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate YAM (YAM) by using the given drop-down box. Drop in the volumen of YAM (YAM) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address.

When you're satisfied, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Binance Withdraw

Kudos! You have successfully bought and stored YAM (YAM).

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the YAM (YAM) is safe inside your wallet, you're finished.