How to buy yearn.finance crypto coin
The yearn.finance cryptocurrency is widely disseminated among the trading platforms. It purchasable on sixty-eight exchanges with 15 pairs. Detailed information, including pairs, fees and price prediction is listed below.
Where to buy yearn.finance
Step 1You need an account with a cryptocurrency exchange that supports Yfi token. All of them listed on our site. Create it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
Deepcoin | ?? / ?? | MEDIUM | Yes | $10536 |
|
Tidex | ?? / ?? | MEDIUM | Yes | $5809 |
|
Bitget | 0.1 / 0.1 | HIGH | Yes | $44942 |
|
BTSE | ?? / ?? | MEDIUM | Yes | $5054 |
|
Digifinex | 0.2 / 0.2 | MEDIUM | Yes | $45856 |
|
Binance | 0.1 / 0.1 | HIGH | Yes | $514154 |
|
WhiteBIT | 0.1 / 0.1 | HIGH | Yes | $42302 |
|
P2PB2B | ?? / ?? | HIGH | Yes | $85816 |
|
Coinbase Exchange | 0.5 / 0.5 | HIGH | Yes | $34667 |
|
BitMart | 0.25 / 0.25 | HIGH | Yes | $101098 |
|
Crypto.com Exchange | 0.1 / 0.16 | HIGH | Yes | $14617 |
Purchase or transfer with peer-to-peer trading one of this coins: BUSD, USDT, 0X29B0..., USD, USDC or other.
Step 3Go to spot on your crypto exchange and type the token name in search form. Select from available trading pairs, then set order and push Buy YFI button.
Congratulations!
After pushing buy, the yearn.finance will be deposited in your account on the cryptocurrency exchange. Keep in mind that just transferring your coins off trading platform into secure wallet like Trezor One or Ledger Nano S Plus, you can improve protection of your finances. Not only does this reduce your risk if your cryptocurrency exchange or account gets cracked, but if you transfer a “cold,” or offline, wallet, your yearn.finance crypto becomes protected assets. Only disadvantage is, usually have to pay a small withdrawal fee to move your crypto off of the crypto exchange.
What is yearn.finance
Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders. It started out as a passion project by Andre Cronje to automate the process of switching capital between lending platforms in search of the best yield offered, as the lending yield is a floating rate rather than fixed rate. Funds are shifted between dYdX, AAVE, and Compound automatically as interest rates change between these protocols. The service offered includes major USD tokens such as DAI, USDT, USDC, and TUSD. For example, if a user deposits DAI into yearn.finance, the user will receive yDAI token in return, which is a yield-bearing DAI token. Later on, it collaborated with Curve Finance to release a yield-bearing USD tokens pool that includes four y-tokens: yDAI, yUSDT, yUSDC and yTUSD, it is named as yUSD. Yearn Finance debuted the vault feature after its token launch, igniting a frenzy on automated yield farming and is considered the initiator of the category of yield farming aggregator. Basically, the vault will help users to claim yield farming rewards and sell it for the underlying assets. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise
Video Review
What is Yearn Finance? YFI Token and Yearn Finance Explained
Statistics and Externals
Term of hash algorithms doesn't apply in case of Yfi cryptocurrency. The blockchain was built by developers from South Africa.
Price and supply
The current total supply is 36.7 thousands, with a circulating supply of 33.3 thousands YFI as of Apr 2024. The maximum supply in the lifetime of the yearn.finance is 36666.
The price of yearn.finance is $8179.6108 as of 05:33 PM. The price increased on 0.9469% over the past 24 hours. The recent price action left the token's market capitalization at 220.5 millions USD. Thus far past 30 days, the yearn.finance crypto went up on 0.87%.
FAQ
What cryptocurrency exchange can I buy yearn.finance cryptocurrency?
yearn.finance cryptocurrency can be bought from 68 exchanges. And these are some of them: QMall, EXMO, Poloniex, Kraken and ZigZag (zkSync v1).
Is yearn.finance coin a good investment?
The Yfi cryptocurrency is common risks asset that can lost value. Due to the high volatility of all Blockchain world you have to understand: unexpected changes in market can lead to sharp and sudden moves in price, you can lose all of your invested funds and learn the risks before you start trading. Aside from that investing in crypto assets is potentially extremely profitable.
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About the author
Davy Jones has been involved in the crypto industry since 2017 as a miner. Since then, he has become an avid investor, writer, and speaker in the field. Jones has been writing professionally since 2008, covering a wide range of topics in various industries.