How to Buy CryptoYen (YEN)

A Step-by-Step-Guide on how to buy CryptoYen (YEN)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

You'll first need to purchase units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and receive Bitcoin or Ethereum.

Binance Signup
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. CryptoYen (YEN) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate (YEN) CryptoYen

Once your deposit has been approved, you will directly have access to your funds and you can initiate invest and trading. To invest in (YEN) CryptoYen on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

In order to discover (YEN) CryptoYen, you'll need to insert the cointype (YEN) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we have marked this also. Click on “YEN/BTC” to go ahead.

Binance How To Buy 1 CryptoYen (YEN)
Step 4 – Purchasing (YEN) CryptoYen

Once you've discovered CryptoYen (YEN), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date tariff CryptoYen (YEN) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of YEN you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole amount of YEN.

When you're glad, click on “Buy YEN”. Your plan will be filled when a Seller sells their YEN for the price you offered.

Step 5 – Withdraw CryptoYen (YEN)

Unless you are trading, you should never keepyour crypto on an Exchange for an extensive time period. To take off your (YEN) CryptoYen, go to the tab called “Funds” and mouse click on “Withdraw”. CryptoYen (YEN) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (YEN) CryptoYen by using the provided drop-down box. Put into the amount of CryptoYen (YEN) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you're happy, click on “Submit”. You could be requested for phone/email verification before a take off.

Congratulations! You have successfully purchased and stored (YEN) CryptoYen.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the CryptoYen (YEN) is stored inside your wallet, you are done.