A Step-by-Step-Guide on how to buy Yfi Credits (YFIC)
Step 1 – Join Coinbase and get 10$ for free You will first need to purchase units of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and receive your welcome $10.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Yfi Credits (YFIC) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you've selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate Yfi Credits (YFIC) As soon as your deposit has been confirmed, you will now have access to your finances and you can start invest and trading. To buy Yfi Credits (YFIC) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to find Yfi Credits (YFIC), you will need to insert the cointype (YFIC) into the search box, which is highlighted in the picture. Be certain of having selected the right pairing, we've highlighted this also. Click on “YFIC/BTC” to proceed.
Step 4 – Buying Yfi Credits (YFIC) After you've found Yfi Credits (YFIC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we are creating our Limit Order. The ”Price” field will be automatically filled with the recent rate Yfi Credits (YFIC) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of YFIC you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole volumen of YFIC. When you're happy, make a mouse click on “Buy YFIC”. Your plan will be filled when a Seller trades their YFIC for the price you gave.
Step 5 – Withdraw Yfi Credits (YFIC) Unless you are frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your Yfi Credits (YFIC), go to the ”Funds” tab and click on “Withdraw”. Yfi Credits (YFIC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Yfi Credits (YFIC) by using the given drop-down box. Drop in the quantity of Yfi Credits (YFIC) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you are happy, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.