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 Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. DFI.money (YFII) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate DFI.money (YFII) As soon as your deposit has been verified, you will instantly have access to your funds and you can begin purchasing and trading. To invest in DFI.money (YFII) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. To locate DFI.money (YFII), you will need to insert the cointype (YFII) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we have marked this too. Click on “YFII/BTC” to go ahead.
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 image) and a few Order Books (Leftside of the image). Next we are making our own Limit Order. The field with the “Price” tag will be filled with the most latest valuation DFI.money (YFII) was traded for. This can be changed to your preferred price. The ”Amount” field is the volumen of YFII you want to purchase. The ”Total” field is the total price in BTC that you'll pay for the complete amount of YFII. When you're happy, click on “Buy YFII”. Your plan will be filled when a Seller trades their YFII for the price you submitted.
Step 5 – Withdraw DFI.money (YFII) Unless you're frequently trading, never keep your coins on an Exchange for an longer time period. In order to take off your DFI.money (YFII), hover over the tab called “Funds” and 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. Drop in the volumen of DFI.money (YFII) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, click “Submit”. You may be requested for verfication via email/phone before a take off.
Congratulations! You have successfully bought and safed DFI.money (YFII).That's it! Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (YFII) DFI.money is stored in your wallet, you are all done.
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