A Step-by-Step-Guide on how to buy DFI.money (YFII)
Step 1 – Signup to Kraken You'll first need to buy one of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. DFI.money (YFII) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate DFI.money (YFII) As soon as your deposit has been verified, you will directly have access to your funds and you can launch invest and trading. To purchase DFI.money (YFII) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. To spot DFI.money (YFII), you'll need to put the shortname of the coin (YFII) into the search-box, which is marked in the picture. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “YFII/BTC” to go ahead.
Step 4 – Purchase DFI.money (YFII) Once you have found DFI.money (YFII), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to make our own Limit Order. The ”Price” field will be filled with the most up-to-date valuation DFI.money (YFII) was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of YFII you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole volumen of YFII. When you are happy, click on “Buy YFII”. Your order will be filled as soon as a Seller sells their YFII for the price you introduced.
Step 5 – Withdraw DFI.money (YFII) Unless you are frequently trading, best advise is not to keep coins on an Crypto Trader for an extended time period. In order to withdraw your DFI.money (YFII), hover over the tab called “Funds” and click on “Withdraw”. DFI.money (YFII) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate DFI.money (YFII) by using the provided drop-down box. Enter the volumen of DFI.money (YFII) you would wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.