A Step-by-Step-Guide on how to buy Yearn Finance Bit2 (YFB2)
Step 1 – Join Coinbase and receive 10$ in Bitcoin You will first need to buy units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Yearn Finance Bit2 (YFB2) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate (YFB2) Yearn Finance Bit2 As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can begin buying and trading. To buy Yearn Finance Bit2 (YFB2) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. To spot (YFB2) Yearn Finance Bit2, you will need to insert the short name of the asset (YFB2) into the search-box, which is marked in the image. Be certain of having selected the proper grouping, we've highlighted this also. Click on “YFB2/BTC” to continue.
Step 4 – Purchase (YFB2) Yearn Finance Bit2 As soon as you have spotted (YFB2) Yearn Finance Bit2, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are going to make our own Limit Order. The “Price” field will be filled automatically with the recent rate Yearn Finance Bit2 (YFB2) was sold for. You can change this to your desired rate. The “Amount” field is the quantity of YFB2 you wish to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of YFB2. When you're happy, click on “Buy YFB2”. Your plan will be filled as soon as a Vendor trades their YFB2 for the price you offered.
Step 5 – Withdraw (YFB2) Yearn Finance Bit2 Unless you are regularly trading, best advise is not to keep coins on an Exchange for an extended time period. In order to take off your (YFB2) Yearn Finance Bit2, go to the tab called “Funds” and click on “Withdraw”. Yearn Finance Bit2 (YFB2) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (YFB2) Yearn Finance Bit2 by using the provided drop-down box. Put into the amount of Yearn Finance Bit2 (YFB2) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, click “Submit”. You could be asked for phone/email verification ahead of a withdrawal.