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 – Send Your Funds to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. YfDAI.finance (YF-DAI) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find YfDAI.finance (YF-DAI)

As soon as your deposit has been approved, you'll immediately have access to your finances and you can commence buying and trading. To invest in YfDAI.finance (YF-DAI) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To locate YfDAI.finance (YF-DAI), you'll need to put the short name of the asset (YF-DAI) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have marked this too. Click on “YF-DAI/BTC” to advance.

Step 4 – Acquisition of YfDAI.finance (YF-DAI)

Once you have discovered YfDAI.finance (YF-DAI), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're creating our own Limit Order.

The ”Price” field will be filled with the most recent price YfDAI.finance (YF-DAI) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of YF-DAI you want to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the whole amount of YF-DAI.

If you're happy, make a mouse click on “Buy YF-DAI”. Your plan will be filled when a Vender sells their YF-DAI for the price you offered.

Step 5 – Withdraw YfDAI.finance (YF-DAI)

Unless you're regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time frame. To take off your YfDAI.finance (YF-DAI), hover over the tab called “Funds” and mouse click on “Withdraw”. YfDAI.finance (YF-DAI) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate YfDAI.finance (YF-DAI) by using the given drop-down box. Put into the volumen of YfDAI.finance (YF-DAI) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you are glad, click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.