A Step-by-Step-Guide on how to buy Yearn Finance Bit (YFBT)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and getting your first $10.
Step 2 – Send Your Funds to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Yearn Finance Bit (YFBT) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find Yearn Finance Bit (YFBT) As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can initiate purchasing and trading. To invest in Yearn Finance Bit (YFBT) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to discover Yearn Finance Bit (YFBT), you'll need to put the cointype (YFBT) into the search box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we have highlighted this also. Click on “YFBT/BTC” to go on.
Step 4 – Purchase Yearn Finance Bit (YFBT) Once you have found Yearn Finance Bit (YFBT), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff Yearn Finance Bit (YFBT) was traded for. You can change this to your preferred rate. The ”Amount” field is the quantity of YFBT you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete quantity of YFBT. If you're satisfied, make a mouse click on “Buy YFBT”. Your order will be filled as soon as a Vendor sells their YFBT for the price you gave.
Step 5 – Withdraw (YFBT) Yearn Finance Bit Unless you're trading, you should never keepyour coins on an Exchange for an longer period of time. To take off your (YFBT) Yearn Finance Bit, go to the tab called “Funds” and mouse click on “Withdraw”. (YFBT) Yearn Finance Bit can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (YFBT) Yearn Finance Bit by using the provided drop-down box. Drop in the amount of (YFBT) Yearn Finance Bit you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, click on “Submit”. You could be requested for phone/email verification before a withdrawal.