Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has yearn.finance, and is trustworthy!
You can find our top 3 exchanges for buying yearn.finance here, alternatively you can also check our comparison of the best crypto exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy yearn.finance
And of course, the final step is to find yearn.finance on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy yearn.finance (YFI)
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How to Sell yearn.finance
- Sign into the exchange
- Find where you stored your yearn.finance, either on a hardware wallet or on the exchange.
- Transfer your yearn.finance to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell yearn.finance.
Considerations when looking to buy yearn.finance.
Yearn.finance, an aggregator service that provides decentralized finance (DeFi), to investors, uses automation to maximize yield farming profits.
Its purpose is to make the ever-expanding DeFi area easier for investors who don't have the technical skills or want to be less committed than serious traders.
The service, formerly known under iEarn was launched in February 2020. It has experienced tremendous growth as developers have released new products and a token YFI from within the company.
Yearn.finance was created to make DeFi investments easier and simplify activities like yield farming for a wider investor sector.
This platform uses a variety of bespoke tools to act an aggregator for DeFi protocol such as Curve and Compound, which gives those who stake cryptocurrency the highest yield possible.
The platform continues to receive new features. These are designed to preserve its long-term value.
Yearn.finance earns a profit by charging withdrawal charges, currently 0.5% at September 2020. These fees can be modified by consensus thanks to Yearn.finance's governance model.
Yearn.finance targets investors who don't have the time or desire to maximize their returns.