yearn.finance (YFI)
All prices are in USD.
How to buy yearn.finance
YFI
YFI is the governance token for the yearn.finance decentralized finance (DeFi) platform. This platform is a yield optimizer that automatically moves funds around the DeFi ecosystem in an effort to generate a high return. Its asset token is YFI. You can buy and sell YFI for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade YFI for BTC the same way you trade CAD for USD. You can also trade YFI to CAD based on the YFI price. To learn how to buy yearn.finance / YFI, scroll down to see how to buy yearn.finance.
Here’s how to buy yearn.finance on Coinsquare
Buying yearn.finance is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for yearn.finance, which trades as YFI. Based on when you think you can get a good YFI price, you should be able to trade YFI to CAD.
To buy yearn.finance, simply follow these steps:
Sign up for a Coinsquare account and verify your identity
This is the first step to buying YFI. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select YFI from the list on the trade section
Coinsquare lets you trade YFI without leaving the app. You can also check the yearn.finance stock price and convert YFI to CAD on the platform.
Select a currency you’ve funded and use it to check the YFI price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
Buy YFI
Congratulations! You’re now the proud owner of YFI. You can either HODL or use it to exchange YFI to CAD. To the moon!
Yearn.finance was founded by Andre Cronje. Cronje has a long career in cryptocurrency and has become synonymous with DeFi over the years. YFI is the native token of the yearn.finance service and is used for governance of the network. Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from a process known as “yield farming” in which users lock their cryptocurrencies on the protocol to earn YFI tokens.
You may want to consider buying YFI if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Explore the yearn.finance lending and trading protocol
Become part of a growing network of DeFi systems
Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online
Where do I keep my YFI?
Ready to add YFI to your portfolio?
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.