A Step-by-Step-Guide on how to buy Yfi Credits (YFIC)
Step 1 – Join Kraken In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and getting Ethereum or Bitcoin.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Yfi Credits (YFIC) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Yfi Credits (YFIC) As soon as your deposit has been approved, you will directly have access to your funds and you can initiate purchasing and trading. To invest in Yfi Credits (YFIC) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. In order to locate Yfi Credits (YFIC), you will need to insert the short name of the asset (YFIC) into the search box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we have highlighted this too. Click on “YFIC/BTC” to continue.
Step 4 – Acquisition of Yfi Credits (YFIC) As soon as you've discovered Yfi Credits (YFIC), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are making our own Limit Order. The ”Price” field will be automatically filled with the recent valuation Yfi Credits (YFIC) was traded for. You can change this to your favoured rate. The ”Amount” field is the quantity of YFIC you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole quantity of YFIC. When you're satisfied, make a mouse click on “Buy YFIC”. Your plan will be filled when a Vender sells their YFIC for the price you submitted.
Step 5 – Withdraw Yfi Credits (YFIC) Unless you are trading, best advise is not to keep your crypto on an Exchange for an longer time frame. To take off your Yfi Credits (YFIC), hover over the ”Funds” tab and click on “Withdraw”. Yfi Credits (YFIC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Yfi Credits (YFIC) by using the given drop-down box. Enter the volumen of Yfi Credits (YFIC) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.