How to Buy Yearn Finance Bit (YFBT) in Australia

A Step-by-Step-Guide on how to buy Yearn Finance Bit (YFBT) in Australia

Step 1 – Signup to Coinmama

You'll first need to buy one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get your Bitcoin (BTC) or Ethereum (ETH).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Yearn Finance Bit (YFBT) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find {Yearn Finance Bit (YFBT)|(YFBT) Yearn Finance Bit}

As soon as your deposit has been verified, you will immediately have access to your funds and you can commence buying and trading. To invest in {Yearn Finance Bit (YFBT)|(YFBT) Yearn Finance Bit} on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to spot {Yearn Finance Bit (YFBT)|(YFBT) Yearn Finance Bit}, you will need to insert the short name of the asset (YFBT) into the search box, which is highlighted in the image. Be certain of having selected the right pairing, we've highlighted this also. Click on “YFBT/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Yearn Finance Bit (YFBT)
Step 4 – Acquisition of {Yearn Finance Bit (YFBT)|(YFBT) Yearn Finance Bit}

Once you have spotted {Yearn Finance Bit (YFBT)|(YFBT) Yearn Finance Bit}, you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are making our Limit Order.

The field with the “Price” tag will be filled with the recent price {Yearn Finance Bit (YFBT)|(YFBT) Yearn Finance Bit} was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of YFBT you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole amount of YFBT.

When you are glad, make a mouse click on “Buy YFBT”. Your plan will be filled when a Vendor sells their YFBT for the price you gave.

Step 5 – Withdraw {Yearn Finance Bit (YFBT)|(YFBT) Yearn Finance Bit}

Unless you are regularly trading, never keep your coins on an Crypto Trader for an extensive time frame. To take off your {Yearn Finance Bit (YFBT)|(YFBT) Yearn Finance Bit}, go to the ”Funds” tab and click on “Withdraw”. {Yearn Finance Bit (YFBT)|(YFBT) Yearn Finance Bit} can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Yearn Finance Bit (YFBT)|(YFBT) Yearn Finance Bit} by using the given drop-down box. Drop in the amount of {Yearn Finance Bit (YFBT)|(YFBT) Yearn Finance Bit} you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address.

When you are satisfied, click on “Submit”. You may be requested for verfication via phone/email before a take off.

Congrats! You have successfully bought and safed Yearn Finance Bit (YFBT) in Australia.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the {Yearn Finance Bit (YFBT)|(YFBT) Yearn Finance Bit} is stored in your wallet, you are finished.

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