Purchasing Yearn Cash (YFIC) on the Binance platform
You can find several trading platforms today on the Internet, but certainly Binance is among the most popular and reputed.
But if you want to begin operating on it, the first thing you must do is to discover how to buy Yearn Cash (YFIC).
Before entering the exciting world of cryptocurrency on the Binance platform, you will have to get acquainted with the following.
----
Understand how to register on Binance
To be capable of buying Yearn Cash (YFIC) on Binance, the very first thing you have to know is definitely how to subscribe.
Just follow each of the guidelines listed below.
Search for the "Register" button in the Binance homepage and press on it to begin the registration process.
Here you have the direct link to Binance.
In the Binance main page you’ll see a button named "Register with a phone or email". Press it.
This can also be done with any Apple phone.
In this article, we’ll will show you how to suscribe using an e-mail account.
- In the screen that will be displayed, choose your country of residence from the drop-down list.
- The next step is creating a secure password. This is vital since it’s all about your money, so you need to create a really robust one
- Mark whether you would want to receive news and information directly from Binance to your email address. Accept the "Terms of Service" and press "Create Account"
The Binance platform will automatically send an activation code (remember: this is NOT the password you’ve created) that you’ll write it in the corresponding box, then click on "Send"
You’re now a Binance user!.
Now you can access the Binance platform and review all the options it offers.
That’s the best way to know how practical the Binance platform is, and how fast you can start operating with Yearn Cash (YFIC).
Complete the mandatory identity verification to enable all those options.
Important: No Yearn Cash (YFIC) operation will be permitted if you ignore this safety measure.
No big deal, though. Continue reading through the following section to complete that step.
How to complete the verification of your account and begin trading
Read the following instructions and become an authorized user:
Choose "Security" from the drop-down list under the user profile button
Or simply look for the "Verify" button on the top of the screen
In the list displayed on the left-hand area of the navigator window, press on the "Identification" option.
Country of residence is the first thing you must pick.
Now, the 3 levels of verification:
- The current one.
- The Verified.
- The Verified Plus.
will be shown on screen.
At this moment, you should choose "Verified", pressing the "Start now" button under it.
A pop-up window will be shown, and there you will be required to give your personal data: Nationality, first name and surname, second name and birth date. Besides, make sure you enter the exact address of your residence
It is time to corroborate your identity with a legal document.
Use your ID card, passport or even your license to complete this step.
Follow the system instructions to take a selfie.
Once you have fulfilled the system’s requirements, you’ll have to wait a short while for the confirmation to be performed on your account.
When your application has been approved, the system will let you know via email, just be patient.
Upon receiving that e-mail it’s time to purchase Yearn Cash (YFIC), to do so follow the guidelines below.
Buying Yearn Cash (YFIC) on Binance
So, account confirmed was all you needed to begin buying Yearn Cash (YFIC) right now.
In this section you’ll discover how easy is to make a purchase of Yearn Cash (YFIC).
The next step is to verify your identity using a legal document.
Use your ID card, passport or even your license to complete this step.
Follow the system guidance to take a selfie.
The last step is on Binance’s side: a confirmation process that will take only a short time.
Once your request has been approved, you will be informed via e-mail, just be patient.
Upon receiving that email it’s time to acquire Yearn Cash (YFIC), just follow the guidelines below.
Purchasing Yearn Cash (YFIC) on Binance
All right, account confirmed was all you needed to begin buying Yearn Cash (YFIC) right now.
In this segment you’ll realize how easy is to buy a Yearn Cash (YFIC).
Take into account that you may have more than one option for this process
Browse through the "Buy cryptos" menu on the Binance homepage to find out which options you have when buying.
Needless to say you must be logged into your account to be able to do this
Find all the different buying options just by placing your mouse over this button.
Next, you’ll need to provide a legal document to verify your identity.
passport, ID card or even a license will be enough to complete this requirement.
In the next step, you will have to take a selfie, according to the platform’s requirements.
Now you will have to wait for a short period while an account confirmation process is performed.
Now wait patiently, Binance is going to send you an email as soon as your application has been approved.
After that, it’s time to acquire Yearn Cash (YFIC), just follow the guidelines below.
Buying Yearn Cash (YFIC) on Binance
Now that you are registered on the Binance platform and got your account validated, you can begin trading.
Understanding how to buy a Yearn Cash (YFIC) is actually quite easy.
Some processes would probably have optional paths
Browse through the "Buy cryptos" menu on the Binance main page to know which alternatives you have when buying.
Certainly, you’ll only be able to do this after you’ve logged in
Unveil all the different buying options just by placing your mouse over this button.
Did you know you can use your debit or credit card for buying YFIC?
Go to the "Buy Cryptos" and choose the credit card-related option from the menu.
The following guidelines will help you in the process:
In the next box, choose the currency you’d like to use and indicate the amount you want to invest.
In the next field you must select the Yearn Cash (YFIC) you would like to purchase
Once you do so, the system will immediately show you the number of Yearn Cash (YFIC) you’ll receive, taking into account the amount of USD you have recently specified.
These directions will help you in the process:
In the next box, choose the currency you want to buy with and specify how much you are going to invest.
In the next field you must choose the Yearn Cash (YFIC) you’d like to buy
After you do so, the platform will automatically show you the quantity of Yearn Cash (YFIC) you will be given, considering the amount of USD you’ve just invested.
Click on "Continue".
To include your CC as a payment method, go to the "Visa/Mastercard" field and press the "Add card" option.
Then the platform will ask you to indicate your card numbers.
In this step you must state the physical address details for the CC. After this, select "Add card".
With this, your credit card will be added to the payment methods in your user profile. Press "Continue".
The next screen will display a snapshot of the transaction in its final stage. That includes the amount you are paying, the selected currency and the amount of Yearn Cash (YFIC) bought.
Certainly, Binance will claim a small amount as a commission for making the operation, and that will be shown in that overview as well.
Now you must acknowledge the order clicking on the "Confirm" button during the next 60 seconds, or it will be automatically terminated.
Next, you will be sent towards the bank platform the credit card belongs to. Proceed just as you do when making a payment with your card on the bank website.
Your recently purchased Yearn Cash (YFIC) will be credited to your Binance e-wallet (referred to as the «Spot Wallet») as soon as the banking procedure is complete
See how easy is how to buy Yearn Cash (YFIC) via Binance P2P
You could buy Yearn Cash (YFIC) not only via a direct purchase, but exchanging them «Person To Person»
with another Binance subscriber as well. To accomplish this, the first step is to specify which payment method you wish to apply.
Next, all the relevant details of the transaction will be summarized: the amount to be charged on your credit card and the corresponding currency, and of course, the cryptos you are going to receive.
Indeed, Binance will claim a small amount as a commission for making the transaction, and it will be shown in that snapshot as well.
Now you have to accept the order pressing the "Confirm" button within the following 60 seconds, or it will be automatically canceled.
The system will now redirect you to the credit card issuing bank. Proceed exactly as you usually do when making a payment using your credit card on the bank website.
Your recently bought Yearn Cash (YFIC) will be available in your Binance digital wallet (referred to as the «Spot Wallet») after the banking procedure has been completed
Buy Yearn Cash (YFIC) through Binance P2P
An alternative way to get a cryptocurrency is to exchange it
with another trader. Method of payment is the first parameter you must state.
- Click on "Security" in your profile.
- Look for the "Payment" option in the menu you’ll see from the menu on the left and select it.
- After choosing "Add a Payment Method" the platform will guide you through the rest of the procedure.
After you have included the new method of payment to your account, move to the "Buy Crypto" menu (top bar of the navigator), select the "Trading P2P" button, and follow the instructions below:
- Click the "Buy" option found on the upper bar of the "P2P Account" tab
- In this bar you will see the list of Yearn Cash (YFIC) available for buying via P2P trading. Choose the one you would like to buy, for this exercise we will use «USDT» as an example.Any Yearn Cash (YFIC) purchased in P2P trading is allowed to be exchanged by any of the currencies approved by Binance.
- Choose the currency you want to use from the drop-down menu under the "Fiat" column, for example, «VES».
- In the "Amount" box, enter the sum in VES you intend to buy with.
- You will be able to see a list of dealers offering cryptos as soon as you choose the payment method.
- Locate a trader from the list shown. We suggest that you pick a verified one with a high completed sales rate.
- Select "Buy USDT"
- Write the amount in VES you want to pay
- Again, click on "Buy USDT"
- That will open an order where you will be in touch with the seller. Pay within the established time and press "Transferred, Next", then press "Confirm".
The right way to transfer your Yearn Cash (YFIC) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as money reception acknowledge has been done.
The default place where Yearn Cash (YFIC) are deposited is your account wallet.
Take into account that your Yearn Cash (YFIC) must be in your Spot Wallet in case you would want to get others, so you must send them there before.
That’s quite simple: just press "Transfer to Spot Wallet" once the buying order has been completed.
If you forget to do this right after buying the cryptos, there’s nothing to worry about: you’ll be able to do it later.
Tips on how to transfer your Yearn Cash (YFIC) to the Spot Wallet
Cryptos will be released by the trader as soon as money reception acknowledge has been done.
You may see your wallet Binance balance to confirm reception.
But in case you want to purchase another Yearn Cash (YFIC), you need to send them to your Spot Wallet.
To achieve this, all you have to do is click on "Transfer to Spot Wallet" once the purchase order has been completed.
Should you forget to do this right after buying the cryptos, no problem at all: you’ll always be able to do it later.
- Drop the "Wallet" list down and press on the "Wallet Funds" button.
- The "Transfer" option is located at the top right. Click on it.
- In the pop-up window, swap the «From» and «To» options to the following configuration:
- From: Funds
- To: Fiat and Spot
- Select the currency in which you have money, in the example right here we use «USDT»
- Set the amount you are about to transfer for the Exchange and click "Confirm".
Perfect! Now you have money available to purchase any of the huge selection of Yearn Cash (YFIC) in the Binance platform.
To buy Yearn Cash (YFIC) from Binance all you have to do is the following:
- Locate the "Trading" option in the top upper panel.
- From the list choose the "Convert" option.
- Fill in the box the sum of «USDT» you wish to spend.
- Now indicate the cryptocurrency you’re about to get.
- Click on "Preview conversion".
- Validate the operation and that’s all. You will have the funds of the selected cryptocurrency in your Spot Wallet.
That’s it! Now you will have funds in the Spot Wallet and you will be able to purchase any of the numerous Yearn Cash (YFIC) that the Binance platform has.
Buy any cryptocurrency from the Binance platform just following the instructions described next:
- Pick the "Trading" option in the top upper panel.
- From the list choose the "Convert" alternative.
- Fill in the box the amount of «USDT» you would like to spend.
- Select the cryptocurrency you would like to get.
- Click on "Preview conversion".
- Confirm the transaction and that’s it. Now you will have the amount of the chosen crypto in your Spot Wallet.
Based on the above mentioned information, you are now ready to start trading on Binance.
So, no need to think twice, make a worthwhile business within this cryptocurrency platform.