A Step-by-Step-Guide on how to buy Yearn Finance Network (YFN)
Step 1 – Signup to CEX.io You will first need to purchase units of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and to get Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Yearn Finance Network (YFN) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you've selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate (YFN) Yearn Finance Network As soon as your deposit has been verified, you will immediately have access to your finances and you can initiate purchasing and trading. To invest in (YFN) Yearn Finance Network on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to spot (YFN) Yearn Finance Network, you will need to insert the shortname of the coin (YFN) into the search-box, which is highlighted in the image. Make sure you have selected the right pairing, we've highlighted this also. Click on “YFN/BTC” to proceed.
Step 4 – Buying (YFN) Yearn Finance Network After you've spotted (YFN) Yearn Finance Network, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled with the most latest valuation (YFN) Yearn Finance Network was traded for. This can be changed to your preferred price. The ”Amount” field is the amount of YFN you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of YFN. When you're satisfied, make a mouse click on “Buy YFN”. Your order will be filled as soon as a Vender sells their YFN for the price you gave.
Step 5 – Withdraw (YFN) Yearn Finance Network Unless you're frequently trading, you should never keepyour crypto on an Crypto Exchange for an extended period of time. To withdraw your (YFN) Yearn Finance Network, go to the tab called “Funds” and mouse click on “Withdraw”. (YFN) Yearn Finance Network can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (YFN) Yearn Finance Network by using the provided drop-down box. Put into the volumen of (YFN) Yearn Finance Network you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you're satisfied, click “Submit”. You could be requested for phone/email verification before a withdrawal.