A Step-by-Step-Guide on how to buy Yearn Finance DOT (YFDOT)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to purchase one of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and receive your welcome 10$.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Yearn Finance DOT (YFDOT) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you have selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find Yearn Finance DOT (YFDOT) As soon as your deposit has been confirmed, you will instantly have access to your finances and you can start purchasing and trading. To buy Yearn Finance DOT (YFDOT) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to spot Yearn Finance DOT (YFDOT), you will need to insert the shortname of the coin (YFDOT) into the search box, which is highlighted in the image. Make sure you have choosen the correct pairing, we've highlighted this too. Click on “YFDOT/BTC” to advance.
Step 4 – Buy (YFDOT) Yearn Finance DOT As soon as you've located (YFDOT) Yearn Finance DOT, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are making our own Limit Order. The ”Price” field will be filled with the most latest tariff (YFDOT) Yearn Finance DOT was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of YFDOT you want to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete quantity of YFDOT. When you are happy, click on “Buy YFDOT”. Your order will be filled as soon as a Vender sells their YFDOT for the price you gave.
Step 5 – Withdraw (YFDOT) Yearn Finance DOT Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive time frame. In order to take off your (YFDOT) Yearn Finance DOT, go to the tab called “Funds” and click on “Withdraw”. (YFDOT) Yearn Finance DOT can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (YFDOT) Yearn Finance DOT by using the given drop-down box. Put into the quantity of (YFDOT) Yearn Finance DOT you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you are happy, click on “Submit”. You could be requested for email/phone verification before a withdrawal.