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.
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
Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) or Tether (USDT)
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.
Get $10 Bonus when you sign up for Coinbase!
- 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 YFDAI.Finance, once you get your Bitcoin or Ethereum or Tether, 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 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:
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.
- 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::
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.
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.