A Step-by-Step-Guide on how to buy Yearn Finance Bit (YFBT)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Yearn Finance Bit (YFBT) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find (YFBT) Yearn Finance Bit Once your deposit has been confirmed, you'll instantly have access to your finances and you can initiate purchasing and trading. To buy (YFBT) Yearn Finance Bit on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To discover (YFBT) Yearn Finance Bit, you'll need to put the cointype (YFBT) into the search box, which is marked in the picture. Be certain of having choosen the correct pairing, we've marked this too. Click on “YFBT/BTC” to go on.
Step 4 – Buy Yearn Finance Bit (YFBT) Once you've found Yearn Finance Bit (YFBT), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest price Yearn Finance Bit (YFBT) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of YFBT you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you will pay for the complete amount of YFBT. If you're satisfied, click on “Buy YFBT”. Your order will be filled as soon as a Vendor sells their YFBT for the price you submitted.
Step 5 – Withdraw (YFBT) Yearn Finance Bit Unless you are trading, best advise is not to keep your coins on an Crypto Trader for an extended period of time. In order to withdraw your (YFBT) Yearn Finance Bit, hover over the ”Funds” tab and mouse click on “Withdraw”. (YFBT) Yearn Finance Bit can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (YFBT) Yearn Finance Bit by using the provided drop-down box. Drop in the quantity of (YFBT) Yearn Finance Bit you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you are glad, click on “Submit”. You may be asked for verfication via phone/email before a take off.