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).
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. YAM (YAM) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate YAM (YAM) Once your deposit has been approved, you'll instantly have access to your funds and you can start purchasing and trading. To purchase YAM (YAM) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. To discover YAM (YAM), you'll need to insert the short name of the asset (YAM) into the search box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we've marked this too. Click on “YAM/BTC” to proceed.
Step 4 – Buy YAM (YAM) Once you have found YAM (YAM), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most latest valuation YAM (YAM) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of YAM you want to purchase. The ”Total” field is the total price in BTC that you will pay for the whole amount of YAM. If you're satisfied, click on “Buy YAM”. Your order will be filled as soon as a Seller sells their YAM for the price you submitted.
Step 5 – Withdraw YAM (YAM) Unless you're regularly trading, best advise is not to keep coins on an Exchange for an longer period of time. In order to take off your YAM (YAM), go to the ”Funds” tab and mouse click on “Withdraw”. YAM (YAM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find YAM (YAM) by using the given drop-down box. Put into the volumen of YAM (YAM) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. When you are happy, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.