A Step-by-Step-Guide on how to buy Yfi Credits (YFIC)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and receive Bitcoin or Ethereum.
Step 2 – Transmit Your Funds to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Yfi Credits (YFIC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find (YFIC) Yfi Credits As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can commence buying and trading. To purchase (YFIC) Yfi Credits on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”. In order to discover (YFIC) Yfi Credits, you'll need to insert the short name of the asset (YFIC) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we have highlighted this also. Click on “YFIC/BTC” to go ahead.
Step 4 – Purchase Yfi Credits (YFIC) Once you have found Yfi Credits (YFIC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent tariff Yfi Credits (YFIC) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of YFIC you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete quantity of YFIC. When you are happy, click on “Buy YFIC”. Your plan will be filled as soon as a Seller trades their YFIC for the price you introduced.
Step 5 – Withdraw (YFIC) Yfi Credits Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer period of time. To take off your (YFIC) Yfi Credits, go to the ”Funds” tab and mouse click on “Withdraw”. (YFIC) Yfi Credits can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (YFIC) Yfi Credits by using the given drop-down box. Drop in the volumen of (YFIC) Yfi Credits you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.