How to Buy Yearn Finance Passive Income (YFPI)

A Step-by-Step-Guide on how to buy Yearn Finance Passive Income (YFPI)

Step 1 – Signup to Kraken

You will first need to purchase units of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and getting ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Yearn Finance Passive Income (YFPI) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you've selected the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate Yearn Finance Passive Income (YFPI)

Once your deposit has been confirmed, you will directly have access to your assets and you can commence purchasing and trading. To purchase Yearn Finance Passive Income (YFPI) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To spot Yearn Finance Passive Income (YFPI), you will need to put the shortname of the coin (YFPI) into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we have highlighted this also. Click on “YFPI/BTC” to go ahead.

Binance Hot To Buy Yearn Finance Passive Income (YFPI)
Binance How to Buy (YFPI) Yearn Finance Passive Income
Step 4 – Purchasing Yearn Finance Passive Income (YFPI)

Once you've discovered Yearn Finance Passive Income (YFPI), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the recent valuation Yearn Finance Passive Income (YFPI) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of YFPI you wish to buy. The ”Total” field is the total price in BTC that you'll pay for the complete amount of YFPI.

If you're satisfied, make a mouse click on “Buy YFPI”. Your order will be filled as soon as a Vender trades their YFPI for the price you submitted.

Step 5 – Withdraw Yearn Finance Passive Income (YFPI)

Unless you are regularly trading, you should never keepyour coins on an Crypto Exchange for an longer period of time. In order to take off your Yearn Finance Passive Income (YFPI), go to the tab called “Funds” and mouse click on “Withdraw”. Yearn Finance Passive Income (YFPI) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Yearn Finance Passive Income (YFPI) by using the provided drop-down box. Enter the amount of Yearn Finance Passive Income (YFPI) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address.

If you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Binance Withdraw

Congratulations! You have successfully bought and stored Yearn Finance Passive Income (YFPI).

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (YFPI) Yearn Finance Passive Income is safe in your wallet, you are finished.

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