A Step-by-Step-Guide on how to buy Yield Farming Token (YFT)
Step 1 – Signup to Kraken You will first need to purchase units of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Yield Farming Token (YFT) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find Yield Farming Token (YFT) Once your deposit has been approved, you'll instantly have access to your finances and you can launch buying and trading. To purchase Yield Farming Token (YFT) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. In order to find Yield Farming Token (YFT), you'll need to insert the short name of the asset (YFT) into the search box, which is highlighted in the picture. Make sure you have selected the proper pairing, we've highlighted this also. Click on “YFT/BTC” to progress.
Step 4 – Acquisition of Yield Farming Token (YFT) After you've spotted Yield Farming Token (YFT), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're making our Limit Order. The field with the “Price” tag will be automatically filled with the recent valuation Yield Farming Token (YFT) was sold for. You can change this to your preferred rate. The ”Amount” field is the amount of YFT you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole amount of YFT. When you are glad, make a mouse click on “Buy YFT”. Your plan will be filled when a Seller trades their YFT for the price you submitted.
Step 5 – Withdraw Yield Farming Token (YFT) Unless you are trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your Yield Farming Token (YFT), go to the tab called “Funds” and click on “Withdraw”. Yield Farming Token (YFT) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Yield Farming Token (YFT) by using the given drop-down box. Enter the amount of Yield Farming Token (YFT) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are happy, click “Submit”. You could be asked for phone/email verification ahead of a take off.