A Step-by-Step-Guide on how to buy Yield Farming Token (YFT)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and getting Ethereum or Bitcoin.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Yield Farming Token (YFT) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you have selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find (YFT) Yield Farming Token As soon as your deposit has been verified, you'll instantly have access to your funds and you can initiate buying and trading. To buy (YFT) Yield Farming Token on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. To find (YFT) Yield Farming Token, you'll need to insert the shortname of the coin (YFT) into the search box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have marked this too. Click on “YFT/BTC” to go ahead.
Step 4 – Purchase Yield Farming Token (YFT) After you have found Yield Farming Token (YFT), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to create our Limit Order. The field with the “Price” tag will be filled with the most latest valuation Yield Farming Token (YFT) was sold for. This can be changed to your favoured rate. The ”Amount” field is the volumen of YFT you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete volumen of YFT. If you're satisfied, click on “Buy YFT”. Your plan will be filled when a Vendor trades their YFT for the price you submitted.
Step 5 – Withdraw Yield Farming Token (YFT) Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time frame. To take off your Yield Farming Token (YFT), go to the tab called “Funds” and click on “Withdraw”. Yield Farming Token (YFT) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Yield Farming Token (YFT) by using the given drop-down box. Put into the quantity of Yield Farming Token (YFT) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.