How to Buy YAM (YAM)

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

Step 1 – Join Kraken

You'll first need to buy one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and to get Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. YAM (YAM) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find YAM (YAM)

Once your deposit has been affirmed, you will instantly have access to your finances and you can start invest and trading. To buy YAM (YAM) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to find YAM (YAM), you will need to put the cointype (YAM) into the search box, which is marked in the graphic. Make sure you have selected the correct grouping, we've marked this too. Click on “YAM/BTC” to proceed.

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

After you have spotted YAM (YAM), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to make our own Limit Order.

The ”Price” field will be filled automatically with the most latest rate YAM (YAM) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of YAM you want to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete amount of YAM.

When you are glad, make a mouse click on “Buy YAM”. Your order will be filled when a Vender sells their YAM for the price you submitted.

Step 5 – Withdraw YAM (YAM)

Unless you are frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive time frame. In order to take off your YAM (YAM), hover over the ”Funds” tab and mouse click on “Withdraw”. YAM (YAM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate YAM (YAM) by using the provided drop-down box. Drop in the amount of YAM (YAM) 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, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

Congratulations! You've successfully purchased and safed YAM (YAM).

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the (YAM) YAM is stored inside your wallet, you're finished.