A Step-by-Step-Guide on how to buy yearn.finance (YFI)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and to get your welcome $10.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. yearn.finance (YFI) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find (YFI) yearn.finance Once your deposit has been confirmed, you'll directly have access to your assets and you can start purchasing and trading. To invest in (YFI) yearn.finance on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. To find (YFI) yearn.finance, you'll need to insert the short name of the asset (YFI) into the search-box, which is marked in the image. Be certain of having selected the right grouping, we've marked this also. Click on “YFI/BTC” to advance.
Step 4 – Buying yearn.finance (YFI) After you have located yearn.finance (YFI), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're making our own Limit Order. The field with the “Price” tag will be filled with the up-to-date price yearn.finance (YFI) was traded for. You can change this to your preferred rate. The ”Amount” field is the quantity of YFI you want to buy. The ”Total” field is the total price in Bitcoin that you will settle for the complete quantity of YFI. If you're glad, make a mouse click on “Buy YFI”. Your order will be filled as soon as a Vendor trades their YFI for the price you offered.
Step 5 – Withdraw (YFI) yearn.finance Unless you're regularly trading, you should never keepyour coins on an Crypto Trader for an longer period of time. In order to take off your (YFI) yearn.finance, hover over the ”Funds” tab and click on “Withdraw”. (YFI) yearn.finance can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (YFI) yearn.finance by using the provided drop-down box. Put into the amount of (YFI) yearn.finance you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.