A Step-by-Step-Guide on how to buy DFI.money (YFII)
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and to get Ethereum or Bitcoin.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. DFI.money (YFII) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate DFI.money (YFII) As soon as your deposit has been verified, you will directly have access to your finances and you can begin buying and trading. To purchase DFI.money (YFII) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To discover DFI.money (YFII), you will need to insert the shortname of the coin (YFII) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “YFII/BTC” to go ahead.
Step 4 – Purchase DFI.money (YFII) After you've located DFI.money (YFII), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're making our Limit Order. The ”Price” field will be automatically filled with the most recent rate DFI.money (YFII) was sold for. This can be changed to your preferred rate. The ”Amount” field is the volumen of YFII you want to buy. The ”Total” field 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 trades their YFII for the price you submitted.
Step 5 – Withdraw DFI.money (YFII) Unless you are frequently trading, best advise is not to keep coins on an Crypto Trader for an extensive time frame. To withdraw your DFI.money (YFII), hover over the ”Funds” tab and click on “Withdraw”. DFI.money (YFII) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate DFI.money (YFII) by using the given drop-down box. Drop in the amount of DFI.money (YFII) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you are happy, click on “Submit”. You could be asked for email/phone verification before a take off.