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 Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. DFI.money (YFII) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate DFI.money (YFII) As soon as your deposit has been confirmed, you'll immediately have access to your funds and you can launch invest and trading. To invest in DFI.money (YFII) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to find DFI.money (YFII), you'll need to put the cointype (YFII) into the search box, which is marked in the graphic. Be certain of having choosen the correct grouping, we've marked this also. Click on “YFII/BTC” to advance.
Step 4 – Buy DFI.money (YFII) Once you've found DFI.money (YFII), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff DFI.money (YFII) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the amount of YFII you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of YFII. If you're happy, click on “Buy YFII”. Your plan will be filled when a Vendor trades their YFII for the price you submitted.
Step 5 – Withdraw DFI.money (YFII) Unless you are frequently trading, never keep your crypto on an Exchange for an extensive time frame. In order to withdraw your DFI.money (YFII), go to the tab called “Funds” and click on “Withdraw”. DFI.money (YFII) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate DFI.money (YFII) by using the provided drop-down box. Enter the amount of DFI.money (YFII) you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are glad, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.