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.
Step 2 – Transfer Your Funds to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Yearn Finance Bit (YFBT) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Yearn Finance Bit (YFBT) Once your deposit has been affirmed, you'll directly have access to your funds and you can start invest and trading. To purchase Yearn Finance Bit (YFBT) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate Yearn Finance Bit (YFBT), you will need to insert the cointype (YFBT) into the search-box, which is marked in the image. Be certain of having selected the proper pairing, we have highlighted this too. Click on “YFBT/BTC” to progress.
Step 4 – Acquisition of Yearn Finance Bit (YFBT) Once you've found Yearn Finance Bit (YFBT), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we are creating our own Limit Order. The ”Price” field will be filled with the most up-to-date valuation Yearn Finance Bit (YFBT) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of YFBT you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole volumen of YFBT. If you're happy, click on “Buy YFBT”. Your plan will be filled as soon as a Vendor sells their YFBT for the price you submitted.
Step 5 – Withdraw Yearn Finance Bit (YFBT) Unless you are regularly trading, never keep your coins on an Cryptocurrency Exchange for an extensive period of time. In order to take off your Yearn Finance Bit (YFBT), hover over the ”Funds” tab and mouse click on “Withdraw”. Yearn Finance Bit (YFBT) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Yearn Finance Bit (YFBT) by using the provided drop-down box. Put into the amount of Yearn Finance Bit (YFBT) you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. When you are glad, click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.