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 Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Yfi Credits (YFIC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find Yfi Credits (YFIC) As soon as your deposit has been verified, you will now have access to your finances and you can commence invest and trading. To purchase Yfi Credits (YFIC) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. In order to find Yfi Credits (YFIC), you'll need to insert the shortname of the coin (YFIC) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have highlighted this also. Click on “YFIC/BTC” to progress.
Step 4 – Buying Yfi Credits (YFIC) As soon as you've located Yfi Credits (YFIC), 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). For now we are going to create our own Limit Order. The ”Price” field will be filled with the most up-to-date price Yfi Credits (YFIC) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of YFIC you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole amount of YFIC. If you are satisfied, make a mouse click on “Buy YFIC”. Your order will be filled as soon as a Seller trades their YFIC for the price you introduced.
Step 5 – Withdraw Yfi Credits (YFIC) Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an longer time period. In order to take off your Yfi Credits (YFIC), hover over the ”Funds” tab and click on “Withdraw”. Yfi Credits (YFIC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Yfi Credits (YFIC) by using the provided drop-down box. Drop in the volumen of Yfi Credits (YFIC) you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you are glad, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.