A Step-by-Step-Guide on how to buy YfDAI.finance (YF-DAI)
Step 1 – Join Kraken You will first need to buy units of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and receive Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. YfDAI.finance (YF-DAI) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find YfDAI.finance (YF-DAI) Once your deposit has been approved, you will instantly have access to your finances and you can initiate purchasing and trading. To buy YfDAI.finance (YF-DAI) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To discover YfDAI.finance (YF-DAI), you will need to put the shortname of the coin (YF-DAI) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we have marked this too. Click on “YF-DAI/BTC” to advance.
Step 4 – Buying YfDAI.finance (YF-DAI) Once you have discovered YfDAI.finance (YF-DAI), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are going to create our own Limit Order. The field with the “Price” tag will be filled with the most recent price YfDAI.finance (YF-DAI) was traded for. You can change this to your desired price. The ”Amount” field is the amount of YF-DAI you like to buy. The ”Total” field is the whole price in BTC that you'll settle for the whole quantity of YF-DAI. If you are happy, make a mouse click on “Buy YF-DAI”. Your plan will be filled when a Vendor trades their YF-DAI for the price you gave.
Step 5 – Withdraw YfDAI.finance (YF-DAI) Unless you are frequently trading, best advise is not to keep your crypto on an Exchange for an longer time frame. To take off your YfDAI.finance (YF-DAI), go to the tab called “Funds” and click on “Withdraw”. YfDAI.finance (YF-DAI) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find YfDAI.finance (YF-DAI) by using the provided drop-down box. Enter the quantity of YfDAI.finance (YF-DAI) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.