How to Buy Yearn Finance Bit (YFBT)

A Step-by-Step-Guide on how to buy Yearn Finance Bit (YFBT)

Step 1 – Join Kraken

In the beginning you'll need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and receive Funds.

Binance Signup
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need 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. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

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 ETH deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate Yearn Finance Bit (YFBT)

Once your deposit has been approved, you will now have access to your funds and you can start invest and trading. To purchase Yearn Finance Bit (YFBT) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

To locate Yearn Finance Bit (YFBT), you will need to put the short name of the asset (YFBT) into the search box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “YFBT/BTC” to advance.

Binance Hot To Buy Yearn Finance Bit (YFBT)
Binance How to Buy (YFBT) Yearn Finance Bit
Step 4 – Buy Yearn Finance Bit (YFBT)

Once you have found Yearn Finance Bit (YFBT), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to make our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation Yearn Finance Bit (YFBT) was sold for. This can be changed to your favoured price. The ”Amount” field is the amount of YFBT you like to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of YFBT.

If you are satisfied, click on “Buy YFBT”. Your order will be filled when a Seller trades their YFBT for the price you offered.

Step 5 – Withdraw Yearn Finance Bit (YFBT)

Unless you're frequently trading, never keep your coins on an Crypto Trader for an extended time frame. In order to take off your Yearn Finance Bit (YFBT), go to the ”Funds” tab and mouse click on “Withdraw”. Yearn Finance Bit (YFBT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Yearn Finance Bit (YFBT) by using the provided drop-down box. Enter the volumen of Yearn Finance Bit (YFBT) you'd wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

If you're satisfied, click “Submit”. You could be asked for phone/email verification before a take off.

Binance Withdraw

Congratulations! You have successfully purchased and safed Yearn Finance Bit (YFBT).

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the (YFBT) Yearn Finance Bit is safe in your wallet, you're finished.

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