A Step-by-Step-Guide on how to buy Yearn Finance DOT (YFDOT)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and to get BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Funds to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Yearn Finance DOT (YFDOT) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find (YFDOT) Yearn Finance DOT As soon as your deposit has been verified, you will directly have access to your funds and you can launch invest and trading. To invest in (YFDOT) Yearn Finance DOT on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. In order to find (YFDOT) Yearn Finance DOT, you will need to insert the shortname of the coin (YFDOT) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have highlighted this too. Click on “YFDOT/BTC” to advance.
Step 4 – Acquisition of (YFDOT) Yearn Finance DOT As soon as you've located (YFDOT) Yearn Finance DOT, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are making our Limit Order. The field with the “Price” tag will be filled automatically with the recent price (YFDOT) Yearn Finance DOT was sold for. You can change this to your preferred price. The ”Amount” field is the quantity of YFDOT you wish to purchase. The ”Total” field is the total price in Bitcoin that you will pay for the complete quantity of YFDOT. If you're glad, click on “Buy YFDOT”. Your plan will be filled when a Seller trades their YFDOT for the price you submitted.
Step 5 – Withdraw Yearn Finance DOT (YFDOT) Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an extended time frame. To withdraw your Yearn Finance DOT (YFDOT), go to the ”Funds” tab and mouse click on “Withdraw”. Yearn Finance DOT (YFDOT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Yearn Finance DOT (YFDOT) by using the provided drop-down box. Put into the amount of Yearn Finance DOT (YFDOT) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are satisfied, click “Submit”. You could be requested for email/phone verification ahead of a take off.