In this guide you’ll get information about where to buy APY.Finance token, if you are planning to buy APY – You’re in the right place!
APY Finance is a project with a goal of inviting more people to DeFi wave. The DeFi protocol ensures them promising mechanized profit-generating opportunities. APY Finance makes decentralization possible on many aspects such as protocol governance, strategy execution, and portfolio management. Besides, it offers one of the most lucrative yield farming strategies in the place with no expensive gas fees like in other platforms.
One problem that APY Finance is trying to address is the complexity of the knowledge needed to optimize the potential gains made by investors in DeFi. In other words APY Finance is a decentralized protocol in yield farming that gives exposure to several DeFi Projects for the traders.
- Official Site : https://apy.finance/
- Bitcointalk : https://bitcointalk.org/index.php?topic=5317439.0
- Twitter : https://twitter.com/apyfinance
- Reddit : https://reddit.com/APY.Finance
- Telegram : https://t.me/apyfinancechat
- White Paper : https://docs.apy.finance/whitepaper/litepaper
Table of Contents
APY.Finance (APY) Features
- Next-Generation Yield Farming. Finance prepares a single place for the users who want to deposit their liquidity. The platform pools user liquidity, distribute the gas fee, and handless all the heavy lifting of yield farming. As a result, the onboarding becomes very cheap and simple. It can be said that APY Finance carries out an automated portfolio rebalancing mechanism that can be adjusted based on potential yield and risks. Moreover, this protocol fosters cheaper transaction fee on the platform.
- Risk Management. Using a risk assessment framework calculating risks of centralization, financial, and smart contract, all of the offered strategies are assigned a risk score. After that, APY distributes user liquidity on its portfolio of yield farming options. It this way, it also optimizes the risk-adjusted yields.
- Decentralized and Community-Owned. APY governance token is used to incentivize users so that they can keep updated with the strategy models of the latest DeFi developments. Meanwhile, being fully community-owned means users are able to propose and vote on any system parameter as they want.
Where to Buy, Sell and Trade APY.Finance aka APY
You can basically use debit card, credit card, or even PayPal to buy the APY.Finance (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the APY.Finance as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to APY.Finance. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum or Bitcoin
- Find a crypto exchange that supports APY.Finance currency and exchange your Ethereum or Bitcoin with the APY.Finance
- Store your APY.Finance to a secured wallet
Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase
There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.
The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.
Get $10 Bonus when you sign up for Coinbase!
Click here to register (opens in new tab)
- You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
- Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
- You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.
That’s the first step in buying APY.Finance, once you get your Bitcoin or Ethereum, you can continue to the next step.
Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH with APY.Finance:
Hotbit is a leading cryptocurrency exchange registered in both Hongkong and Estonia, in 2018 but it is operated in Shanghai and Taipei. This platform offers various advanced features including an intuitive user interface, and a mobile application to make everything more accessible.
Hotbit has gained more than seven million active users from more than 170 countries and most of them are non-Chinese users. To support the advanced features, this platform provides six languages including Turkish, Korean, Thai, English, and also Chinese.
One of the reasons why Hotbit becomes one of the leading crypto exchanges is because this platform has worked together with some famous blockchain tech industry partners. Their partners include HashQuark, Slow Mist, Spark Pool, and others. With years of experience, the Hotbit team mostly comes from the USA, Taiwan, and China.
IMPORTANT! Once you are registered to any of the above, find the APY/USDT or APY/BTC or APY/ETH trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your APY.Finance (APY) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Secure
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy APY.Finance (APY) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the APY.Finance. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy APY.Finance (APY) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy APY.Finance (APY) with Skrill?
You can’t buy APY directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to APY.Finance. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy APY.Finance (APY) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair APY/BTC and begin the transactions.
Can I Buy APY.Finance (APY) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support APY/ETH trading pair.
What Is the Best Payment Method to Buy APY.Finance (APY)?
The cheapest way is to use bank account to buy Bitcoins first or to buy the APY.Finance right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect APY.Finance (APY)?
Once you have purchased the APY.Finance, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell APY.Finance (APY)?
Find a crypto exchange which allow pairing APY with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine APY.Finance (APY) and Not Buying It?
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a APY.Finance is to buy it from a reliable exchange.
Conclusion
It cannot be denied that APY Finance is a thought-provoking use case for smart contracts in decentralized finance (DeFi). The solution it offers can tackle the psychological barriers people have faced so far. Since the decentralization of the platform, the community can own the entire strategy for maximum yield profit. However, before the users decide to deposit their assets, they should scrutinize the reliability and security of the smart contracts carefully as it depends on automation.
