A Step-by-Step-Guide on how to buy Aave YFI (AYFI)
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to buy units of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first 10$.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Aave YFI (AYFI) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate Aave YFI (AYFI) As soon as your deposit has been affirmed, you will instantly have access to your assets and you can initiate buying and trading. To purchase (AYFI) Aave YFI on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to find (AYFI) Aave YFI, you will need to insert the cointype (AYFI) into the search box, which is highlighted in the picture. Be certain of having selected the right pairing, we've highlighted this too. Click on “AYFI/BTC” to proceed.
Step 4 – Purchase Aave YFI (AYFI) As soon as you have discovered (AYFI) Aave YFI, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the recent tariff Aave YFI (AYFI) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of AYFI you like to buy. The “Total” field is the total price in Bitcoin that you'll settle for the complete quantity of AYFI. If you are happy, click on “Buy AYFI”. Your order will be filled as soon as a Vendor sells their AYFI for the price you offered.
Step 5 – Withdraw (AYFI) Aave YFI Unless you are trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extensive time frame. In order to withdraw your (AYFI) Aave YFI, go to the tab called “Funds” and mouse click on “Withdraw”. (AYFI) Aave YFI can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Aave YFI (AYFI) by using the provided drop-down box. Enter the quantity of (AYFI) Aave YFI you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you are happy, click “Submit”. You could be asked for verfication via phone/email before a take off.