How to Buy yearn.finance (YFI) in Armenia

A Step-by-Step-Guide on how to buy yearn.finance (YFI) in Armenia

Step 1 – Join Coinmama

In the beginning you'll need to purchase one of the top-tier coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and getting your Ethereum or Bitcoin.

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. yearn.finance (YFI) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you have selected the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find {yearn.finance (YFI)|(YFI) yearn.finance}

Once your deposit has been verified, you will instantly have access to your funds and you can begin buying and trading. To purchase {yearn.finance (YFI)|(YFI) yearn.finance} on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To locate {yearn.finance (YFI)|(YFI) yearn.finance}, you will need to put the short name of the asset (YFI) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “YFI/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} yearn.finance (YFI)
Step 4 – Purchase {yearn.finance (YFI)|(YFI) yearn.finance}

After you have spotted {yearn.finance (YFI)|(YFI) yearn.finance}, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the latest tariff {yearn.finance (YFI)|(YFI) yearn.finance} was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of YFI you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the whole quantity of YFI.

If you are glad, make a mouse click on “Buy YFI”. Your plan will be filled when a Vender trades their YFI for the price you introduced.

Step 5 – Withdraw {yearn.finance (YFI)|(YFI) yearn.finance}

Unless you're frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time period. In order to take off your {yearn.finance (YFI)|(YFI) yearn.finance}, go to the tab called “Funds” and click on “Withdraw”. {yearn.finance (YFI)|(YFI) yearn.finance} can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {yearn.finance (YFI)|(YFI) yearn.finance} by using the given drop-down box. Drop in the volumen of {yearn.finance (YFI)|(YFI) yearn.finance} you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you're glad, click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Congrats! You have successfully purchased and safed yearn.finance (YFI) in Armenia.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the {yearn.finance (YFI)|(YFI) yearn.finance} is stored within your wallet, you are done.

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