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 Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. YAM (YAM) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Find YAM (YAM)

Once your deposit has been approved, you will directly have access to your assets and you can launch invest and trading. To buy YAM (YAM) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

In order to find YAM (YAM), you'll need to put the short name of the asset (YAM) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we have marked this also. Click on “YAM/BTC” to go ahead.

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

Once you have found YAM (YAM), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest rate YAM (YAM) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of YAM you like to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the complete amount of YAM.

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

Step 5 – Withdraw YAM (YAM)

Unless you are regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer period of time. To take off your YAM (YAM), hover over the tab called “Funds” and click on “Withdraw”. YAM (YAM) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find YAM (YAM) by using the provided drop-down box. Drop in the quantity of YAM (YAM) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you are happy, make a mouse click on “Submit”. You may be requested for phone/email verification before a take off.

Binance Withdraw

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

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (YAM) YAM is safe inside your wallet, you are finished.
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