A Step-by-Step-Guide on how to buy Yearn Finance Ecosystem (YFIEC)
Step 1 – Signup to Coinbase and receive 10$ in Bitcoin You'll first need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Yearn Finance Ecosystem (YFIEC) 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 this manual) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate Yearn Finance Ecosystem (YFIEC) As soon as your deposit has been approved, you will immediately have access to your finances and you can begin invest and trading. To invest in (YFIEC) Yearn Finance Ecosystem on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. In order to find (YFIEC) Yearn Finance Ecosystem, you'll need to put the cointype (YFIEC) into the search box, which is marked in the image. Make sure you have choosen the correct pairing, we have marked this too. Click on “YFIEC/BTC” to advance.
Step 4 – Buying Yearn Finance Ecosystem (YFIEC) After you have discovered (YFIEC) Yearn Finance Ecosystem, 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 are creating our Limit Order. The field with the “Price” tag will be filled automatically with the latest valuation Yearn Finance Ecosystem (YFIEC) was sold for. This can be changed to your desired rate. The “Amount” field is the amount of YFIEC you want to purchase. The “Total” field is the total price in Bitcoin that you will pay for the whole amount of YFIEC. When you are glad, make a mouse click on “Buy YFIEC”. Your order will be filled when a Vender trades their YFIEC for the price you submitted.
Step 5 – Withdraw (YFIEC) Yearn Finance Ecosystem Unless you are trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer time frame. In order to take off your Yearn Finance Ecosystem (YFIEC), go to the tab called “Funds” and mouse click on “Withdraw”. Yearn Finance Ecosystem (YFIEC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (YFIEC) Yearn Finance Ecosystem by using the given drop-down box. Enter the quantity of (YFIEC) Yearn Finance Ecosystem you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. When you are happy, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.