In this guide you’ll get information about where to buy YFDAI.Finance, if you are planning to buy YFDAI token – You’re in the right place!
YFDAI.Finance is about providing a full (and complete series of) DeFi ecosystem, combining various different services. Users are able to gain access to staking, borrowing and lending, farming, automated prediction trading, DEX, insurance, and also safe platform for new (product) launch. Users can make use of the locked liquidity, contract audits, and locked dev-tokens within the time-release smart contracts.
What makes this platform different from other DeFi protocols is the allocated tokens. Other protocols would depend on the new tokens mint so they can sustain their farming and staking rewards. YFDAI, on the other hand, is different. They allocate the tokens, and they would be replenished with the ecosystem’s generated fees. Not to mention that the platform also implements deflationary burning mechanism, which would reduce the entire total supply.
In the overall end, the platform’s mission is to ‘clean up’ DeFi space through de-risking new projects’ purchase. They do it by performing (due diligence) vetting. It requires same protocol adherence, in which YFDAI has adhered on its own launch. The platform’s motto is about no more rug pulls or exit scams.
- Official website: https://yfdai.finance/
- Bitcointalk: https://bitcointalk.org/index.php?topic=5295276.new#new
- Twitter: https://twitter.com/YfdaiF
- Telegram: https://t.me/yfdaifinance
- Whitepaper: https://yfdai.finance/whitepaper#top
Table of Contents
YFDAI.Finance (YFDAI) Features
- Convenient accessibility. The platform is about offering intuitive UX (User Experience), which includes detailed instruction lists making the platform easier, simpler, and more fun for the users. Users should be able to navigate the platform without a sweat.
- Solid trustlessness. The platform is committed to distributed trustlessness philosophy. Honesty and reliability are huge (and crucial) elements of the platform.
- Intuitive governance. The developer team believes that nourishing and encouraging healthy community is crucial. This is the reason why they provide such an environment and surrounding, with free (onchain) voting system.
- Good security. The platform pays detailed attention to security. Not to mention that Blockchain Consilium has certified and audited YFDAI.
- YFDAI token. The main function is as means of transactions as well as governance. Users that ‘pay’ with their YFDAI for trading, borrowing, and lending will get governance power as the reward. This will encourage the services on the platform, but will also help with governance distribution.
Where to Buy, Sell and Trade YFDAI.Finance aka YFDAI
You can basically use debit card, credit card, or even PayPal to buy the YFDAI.Finance (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the YFDAI.Finance as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy Tether first. After you get the ETH or BTC or USDT, you can convert it to YFDAI.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 (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports YFDAI.Finance currency and exchange your Ethereum / Bitcoin / Tether with the YFDAI.Finance
- Store your YFDAI.Finance to a secured wallet
That’s the first step in buying YFDAI.Finance, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.
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 or USDT 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 or USDT with YFDAI.Finance:
Gate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.
- Deposit Methods: Cryptocurrency Only
- Fiat Currencies: N/A
- Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 1040+ more
- Trading Pairs: 1801+
Binance is the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now. Binance.com is unable to provide services to U.S. citizens or residents.
- Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
- Trading Pairs: 1189+
Bybit is a leading cryptocurrency exchange offering a secure and efficient trading platform for digital asset enthusiasts. Founded in 2018, it specializes in derivatives trading, including perpetual and futures contracts, with high leverage options. Known for its user-friendly interface, Bybit caters to both novice and professional traders. The platform provides advanced tools, including charting and risk management features, ensuring a seamless trading experience. Bybit also supports spot trading, staking, and passive income opportunities. With 24/7 customer support, robust security measures, and a reputation for reliability, Bybit has become a popular choice for crypto traders seeking innovation and transparency.
- Deposit Methods: Cryptocurrency, Credit/Debit card, Third-party payment services, Peer-to-Peer (P2P) trading
- Fiat Currencies: USD, EUR, GBP, JPY, and 60+ more
- Supported Cryptocurrencies: BTC, ETH, XRP, LTC, DOGE, and 300+ more
- Trading Pairs: 500+
MEXC is a global cryptocurrency exchange platform known for its user-friendly interface, extensive range of listed cryptocurrencies, and innovative features. Established in 2018, MEXC provides trading services such as spot, futures, and margin trading, catering to both beginners and advanced traders. The platform supports a wide variety of altcoins, often listing new and promising projects. MEXC is popular for its high liquidity, competitive trading fees, and robust security measures, including two-factor authentication and fund protection protocols. It also offers staking and earning opportunities through its launchpad and DeFi integration, making it a versatile choice for crypto enthusiasts worldwide.
- Deposit Methods: Bank transfer (ACH), Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & over 2,700 others
- Trading Pairs: Over 3,000
IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the YFDAI/BTC or YFDAI/ETH or YFDAI/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you YFDAI/USDT – so you need to convert your BTC or ETH to USDT first in order to buy YFDAI.Finance (YFDAI)
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 YFDAI.Finance (YFDAI) 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 YFDAI.Finance (YFDAI) 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 YFDAI.Finance. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy YFDAI.Finance (YFDAI) 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 YFDAI.Finance (YFDAI) with Skrill?
You can’t buy YFDAI directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to YFDAI.Finance. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy YFDAI.Finance (YFDAI) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair YFDAI/BTC and begin the transactions.
Can I Buy YFDAI.Finance (YFDAI) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support YFDAI/ETH trading pair.
What Is the Best Payment Method to Buy YFDAI.Finance (YFDAI)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the YFDAI.Finance right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect YFDAI.Finance (YFDAI)?
Once you have purchased the YFDAI.Finance, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell YFDAI.Finance (YFDAI)?
Find a crypto exchange which allow pairing YFDAI with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine YFDAI.Finance (YFDAI) 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 YFDAI.Finance is to buy it from a reliable exchange.
Conclusion
Those who want to enjoy a full suite (and complete) of services should think about joining this platform. Not only has it offered complete DeFi services, but it also about a fun experience in accessing all the possible financial opportunities. Who says investment can’t be fun or explorable? Through this platform, there is a solid proof that such a thing is possible. However, those who want to enjoy all the offers must buy YFDAI.Finance (YFDAI) first.
