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 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. DFI.money (YFII) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find DFI.money (YFII) Once your deposit has been confirmed, you will instantly have access to your finances and you can commence buying and trading. To buy DFI.money (YFII) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to discover DFI.money (YFII), you'll need to insert the shortname of the coin (YFII) into the search-box, which is highlighted in the image. Be certain of having choosen the right grouping, we've marked this also. Click on “YFII/BTC” to proceed.
Step 4 – Buying DFI.money (YFII) As soon as you have located DFI.money (YFII), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are creating our own Limit Order. The ”Price” field will be filled automatically with the most latest price DFI.money (YFII) was sold for. This can be changed to your preferred rate. The ”Amount” field is the quantity of YFII you want to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete amount of YFII. If you're glad, make a mouse click on “Buy YFII”. Your order will be filled when a Seller sells their YFII for the price you introduced.
Step 5 – Withdraw DFI.money (YFII) Unless you're regularly trading, best advise is not to keep your crypto on an Exchange for an longer period of time. In order to take off your DFI.money (YFII), hover over the ”Funds” tab and mouse click on “Withdraw”. DFI.money (YFII) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find DFI.money (YFII) by using the provided drop-down box. Put into the quantity of DFI.money (YFII) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.