How to Buy YFI Product Token (YFIP)

A Step-by-Step-Guide on how to buy YFI Product Token (YFIP)

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to purchase units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and to get your welcome 10$.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. YFI Product Token (YFIP) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have chosen the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find (YFIP) YFI Product Token

Once your deposit has been affirmed, you'll immediately have access to your assets and you can initiate buying and trading. To purchase (YFIP) YFI Product Token on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”.

To discover (YFIP) YFI Product Token, you'll need to insert the short name of the asset (YFIP) into the search-box, which is marked in the picture. Be certain of having choosen the proper grouping, we have marked this too. Click on “YFIP/BTC” to proceed.

Binance Hot To Buy YFI Product Token (YFIP)
Binance How to Buy (YFIP) YFI Product Token
Step 4 – Acquisition of (YFIP) YFI Product Token

As soon as you've located (YFIP) YFI Product Token, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are making our Limit Order.

The ”Price” field will be automatically filled with the recent valuation (YFIP) YFI Product Token was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of YFIP you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of YFIP.

If you are glad, click on “Buy YFIP”. Your plan will be filled when a Vendor sells their YFIP for the price you offered.

Step 5 – Withdraw (YFIP) YFI Product Token

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Trader for an extended time frame. To take off your (YFIP) YFI Product Token, hover over the tab called “Funds” and click on “Withdraw”. (YFIP) YFI Product Token can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (YFIP) YFI Product Token by using the given drop-down box. Put into the volumen of (YFIP) YFI Product Token you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Binance Withdraw

Congrats! You have successfully purchased and stored YFI Product Token (YFIP).

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the YFI Product Token (YFIP) is safe within your wallet, you're finished.