A Step-by-Step-Guide on how to buy Yearn Finance DOT (YFDOT)
Step 1 – Signup to Kraken You'll first need to buy one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Yearn Finance DOT (YFDOT) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Yearn Finance DOT (YFDOT) As soon as your deposit has been affirmed, you will directly have access to your assets and you can begin invest and trading. To purchase 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 put the shortname of the coin (YFDOT) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “YFDOT/BTC” to proceed.
Step 4 – Purchase Yearn Finance DOT (YFDOT) After you have located Yearn Finance DOT (YFDOT), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date rate Yearn Finance DOT (YFDOT) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of YFDOT you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete quantity of YFDOT. If you are happy, click on “Buy YFDOT”. Your order will be filled as soon as a Seller sells their YFDOT for the price you gave.
Step 5 – Withdraw Yearn Finance DOT (YFDOT) Unless you are trading, never keep your coins on an Exchange for an extended time frame. To withdraw your Yearn Finance DOT (YFDOT), hover over the tab called “Funds” and click on “Withdraw”. Yearn Finance DOT (YFDOT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Yearn Finance DOT (YFDOT) by using the provided drop-down box. Enter the quantity of Yearn Finance DOT (YFDOT) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you are satisfied, click “Submit”. You may be asked for email/phone verification before a withdrawal.