Buying Yearn Finance Bit (YFBT) on the Binance platform
No doubt one of the world’s top-notch trading platforms today is Binance.
Therefore, the first thing you should to do if you need to begin operating on it is to figure out how to purchase Yearn Finance Bit (YFBT).
Keep on reading this article and you will see all what you need to know about purchasing crypto on Binance.
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Understand how to register on Binance
There is only way to get started in operating on Binance: registering to it.
Just follow each of the steps below.
Search for the "Register" option in the Binance main page and click on it to begin the registration process.
You have the direct link here.
Locate the "Register with a phone or email" button in the main page and click on it.
iOS devices can be used to do this as well.
For the purpose of this post, the email address registration technique will be explained.
- From the drop down list of countries, choose the one you reside.
- Now the crucial part: password. Create a string of characters strange enough not to be simply deducted. Don’t use your name, birth date or things like that. Be well aware that it’s your money what will have to be protected by that password
- Now you must accept "Terms of Service" and, if you would want to receive information, news and updates from Binance in your e-mail address, click in the corresponding box
You should have received an e-mail in the address you’ve just used for subscribing on the Binance platform. In its text you’ll see a one-time-only activation password you will enter in the corresponding box. Then press "Send"
That’s all! You are now and authorized subscriber of Binance.
It would be a nice idea to visit the different options of the Binance platform and become familiar with them.
That’s the best way to understand how practical the Binance platform is, and how quick you can start operating with Yearn Finance Bit (YFBT).
Fulfill the mandatory ID verification to enable all those options.
It is very important to notice that until you complete this security step, you’ll not obtain permission to start trading Yearn Finance Bit (YFBT).
In the following paragraphs, you’ll be guided on how to do that. Zero problems.
Learn to complete the verification of your account and put hands on trading
The following are the instructions to verify your Binance account and get authorized to start trading:
On the main page, hover the mouse on the user profile button and a list will immediately show up where you will need to click on "Security"
You can also click on the "Verify" button at the top of the screen
Locate the option "Identification" on the left side of the screen.
Here you should pick your country of residence.
On this screen you’ll will see three verification levels:
- The one you already have.
- The Verified.
- The Verified Plus.
Press the "Start now" button below the "Verified" label, since this is the beginning level.
A pop-up window will appear, and there you will have to enter your personal information: Nationality, first name and surname, middle name and date of birth. Besides, make sure you type the exact address of your residence
Next, you’ll have to to show a legal document to support your identity.
You can do this by using your passport, ID card, or license.
Now the platform will ask you to take a selfie following certain instructions.
The last step is on Binance’s side: a certification process that will take only a short time.
All you need to do is be patient, Binance will let you know via e-mail when your profile has been approved.
The following instructions will guide you through the Yearn Finance Bit (YFBT) buying process. As soon as you’ve received the confirmation email, you have become a Binance authorized Yearn Finance Bit (YFBT) trader.
Buying Yearn Finance Bit (YFBT) on Binance
Since you have registered on the Binance platform and got your account approved, you’re able to start trading.
Learning how to make a purchase of Yearn Finance Bit (YFBT) is not that hard.
At this point, the Binance platform will ask you to use a legal document for identity verification.
passport, ID card or even a license will be enough to complete this requirement.
Now, you will have to take a selfie, following the platform’s requirements.
When you have fulfilled the platform’s instructions, you will have to wait a short time while your account is confirmed.
Now wait patiently, Binance is going to let you know via email when your application has been approved.
The following instructions will guide you through the Yearn Finance Bit (YFBT) trading process. As soon as you’ve received the confirmation email, you’re a Binance licensed Yearn Finance Bit (YFBT) trader.
Buying Yearn Finance Bit (YFBT) on Binance
All right, account verified means you can begin buying Yearn Finance Bit (YFBT) right now.
In this segment you’ll realize how easy is to convert money into Yearn Finance Bit (YFBT).
Take into account that you have more than one option for this process
To know which options can be found when making a purchase, look for the "Buy cryptos" menu on the Binance homepage.
Obviously, you’ll only be able to do this once you are logged in
Find all the different buying options just by hovering your mouse over this button.
Now you’ll have to to present a legal document to support your identity.
ID card, passport or even a driver’s license will be enough to complete this requirement.
Follow the system guidelines to take a selfie.
Now you will have to wait for a short period while an account confirmation process takes place.
Now wait patiently, Binance is going to send you an email once your profile has been accepted.
After that, it’s time to purchase Yearn Finance Bit (YFBT), just follow the instructions below.
Purchasing Yearn Finance Bit (YFBT) on Binance
Starting your Yearn Finance Bit (YFBT) trading adventure has never been so easy, right?.
In this segment you’ll discover how simple is to buy a Yearn Finance Bit (YFBT).
You may have different alternatives throughout the process
Look for the "Buy cryptos" menu on the Binance main page to find out which alternatives you have when making a purchase.
Obviously, you’ll only be able to do this after you’ve logged in
Hovering your mouse pointer over this key will show a list of alternatives for making the purchase.
Did you know you could use your debit or credit card for buying YFBT?
What you need to do to buy the Yearn Finance Bit (YFBT) you want using a credit card, should be to select this method from the "Buy Cryptos" drop-down list.
Next, just observe these guidelines:
In the next box, pick the currency you want to use and type the amount you are going to invest.
In the next field you must choose the Yearn Finance Bit (YFBT) you intend to buy
When you do so, the system will automatically show you the quantity of Yearn Finance Bit (YFBT) you’ll get, according the amount of USD you’ve previously invested.
Read on for further directions:
Currency preferred and amount of the investment must be specified here.
The the Yearn Finance Bit (YFBT) you would like to purchase must be indicated in the second field
The number of Yearn Finance Bit (YFBT) you will be given will depend upon the amount of USD you’ve just indicated. The Binance system will immediately display it.
Press "Continue".
If you’re going to pay with a credit card, go to the "Visa/Mastercard" field and click on the "Add card" option.
Indicate your CC details and click "Next".
Now indicate the physical address details for the credit card. After this, select "Add card".
With this, your card will be added to the payment methods in your account. Press "Continue".
Next, you’ll be presented a summary of the transaction in its final stage. It includes the amount your card will be charged, the chosen currency and the amount of Yearn Finance Bit (YFBT) bought.
It will also indicate the commission you will have to pay for the purchase.
Now you must certify the order pressing the "Confirm" button during the following 60 seconds, or it will be automatically aborted.
The system will now redirect you to the bank issuing the credit card. Proceed just as you usually do when making a standard on-line credit card payment.
You may take a look at your Binance e-wallet (referred to as the «Spot Wallet») once the banking procedure has been finished and you’ll see your recently purchased Yearn Finance Bit (YFBT) already there
Learn how to buy Yearn Finance Bit (YFBT) with Binance P2P
This means «Person To Person», i.e.: exchanging Yearn Finance Bit (YFBT)
with another Binance trader. You should indicate the payment method you would want to use first.
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 obviously, the cryptos you will get.
It will also show you the commission will be charged for the purchase.
Within the next 60 seconds click on "Confirm", after that time the order will be automatically aborted.
After this, you will be redirected to the bank platform the credit card belongs to. Follow the steps in the same way you would make a payment with your credit card.
Your recently purchased Yearn Finance Bit (YFBT) will be available in your Binance e-wallet (referred to as the «Spot Wallet») after the banking procedure has been completed
Purchase Yearn Finance Bit (YFBT) with Binance P2P
That means «Person To Person», i.e.: exchanging Yearn Finance Bit (YFBT)
with another Binance user. Method of payment is the first setting you will indicate.
- Go to your account and choose "Security".
- From the menu on the left-hand side select "Payment".
- Press the "Add a Payment Method" button and follow the platform instructions.
After you finished adding the new payment method to your account, move to the "Buy Crypto" menu (top part of the display), pick the "Trading P2P" button, and follow the directions below:
- Locate the "Buy" option on the top bar of the "P2P Account" tab and click it
- In this bar you’ll find the list of Yearn Finance Bit (YFBT) available for purchase via P2P trading. Choose the one you want, for this exercise we present «USDT» as an example.Purchasing any crypto through P2P trading allows the trader to exchange it on Binance for any of the foreign currencies available.
- It is time to choose the local currency you want to use, for example, «VES». To do this, see the drop-down list under the "Fiat" label.
- Now you need to type the sum in VES you’re going to invest in the "Amount" box.
- You will see a list of dealers’ offers as soon as you’ve chosen the method of payment.
- Locate a trader from the list shown. We advise that you choose a verified one with a high percentage of sales completed.
- Click on "Buy USDT"
- Now the amount you want to invest in VES must be input
- Again, select "Buy USDT"
- Now a purchase order has been created and you’ll be able to contact the seller. Pay, click on "Transferred, Next", then press "Confirm". Note that there’s a time limit for you to pay.
The right way to transfer your Yearn Finance Bit (YFBT) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as money reception validation has been done.
So, they will quickly be added to your account balance.
Nonetheless, you need to transfer them to your Spot Wallet in order for you to get any other crypto.
That’s quite simple: just click on "Transfer to Spot Wallet" right after the purchase order is completed.
This Yearn Finance Bit (YFBT) internal movement can be carried out whenever you need.
How you can transfer your Yearn Finance Bit (YFBT) to the Spot Wallet
Cryptocurrencies will be released by the trader as soon as payment reception acknowledge has been done.
The default place where Yearn Finance Bit (YFBT) are deposited is your account wallet.
Nonetheless, you must transfer them to your Spot Wallet in order for you to purchase any other crypto.
You can move them immediately once the purchase order has been completed just by clicking "Transfer to Spot Wallet".
In the event you didn’t do this, don’t worry, you can do it at any other moment.
- Drop the "Wallet" list down and press on the "Wallet Funds" option.
- Then press "Transfer" button at the top right.
- Set the «From» and «To» options on the pop-up window to:
- From: Funds
- To: Fiat and Spot
- For The purpose of this post, we will use «USDT» as an example, but you’ll obviously select the currency you have
- Input the cryptos you are sending for the Exchange and click "Confirm".
That’s all! This way you will have money in the Spot Wallet so you will be able to trade any of the numerous Yearn Finance Bit (YFBT) that the Binance platform has.
Note how easy is to purchase any cryptocurrency from Binance:
- In the upper section, select the "Trading" menu.
- In the listing select the "Convert" alternative.
- Input the amount of «USDT» you want to spend.
- Select the cryptocurrency you wish to get.
- Press "Preview conversion".
- Validate the transaction and that’s all. Now you will have the funds of the selected crypto in your Spot Wallet.
That’s it! This way you will have money in the Spot Wallet and you will be able to purchase any of the huge selection of Yearn Finance Bit (YFBT) that the Binance platform has.
To buy Yearn Finance Bit (YFBT) from the Binance platform what you just have to do is the following:
- In the top panel, look for the "Trading" menu.
- In the list select the "Convert" option.
- Enter the sum of «USDT» you wish to spend.
- Choose the crypto you would like to purchase.
- Press "Preview conversion".
- Confirm the operation and that’s it. You now will have the amount of the selected cryptocurrency in your Spot Wallet.
Depending on this information, you are now ready to commence trading on Binance.
The future of money trading relies on Yearn Finance Bit (YFBT)., and Binance is a secure and comfortable environment to do business. Begin right now!