We independently review everything we recommend. When you use an exchange through our links, we may earn a commission.

How to Buy yearn.finance (YFI) in 4 Easy Steps

Quick Answer:

You can buy yearn.finance and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells yearn.finance.
  2. Register a new account.
  3. Fund your account.
  4. Buy yearn.finance.

These steps are simple if you know where to buy yearn.finance cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy yearn.finance (YFI) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best yearn.finance Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

78

Only 78 of these exchanges sell yearn.finance.

We then filter down the entire set of possible marketplaces to only the ones that have active YFI markets.

38

Only 38 of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

7

Only 7 remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Binance

World's largest crypto exchange, known for its wide range of trading options, low fees, and strong security features.

VISIT Binance Read Review
Reasons we โ™ฅ Binance:
Low Fees
Wide Selection of Cryptocurrencies
Extensive Trading Tools and Options
Robust Security Features
Educational and Extra Features
CRYPTOCURRENCIES:376
FUNDING:
Apple Pay
,
Google Pay
,
Bank Transfer (ACH)
,
Wire Transfer
,
Debit Card
,
SEPA

Step 2Register Your New Account

Users have the option to sign up using their email address, phone number, or directly with an Apple or Google account. It's important to select the account type carefully, as it cannot be changed after registration.

  • Go to Binance Website: Visit the Binance website and click on 'Register'. Choose your preferred registration method (email address, phone number, Apple, or Google account).
  • Enter Email/Phone Number: If registering with an email or phone number, enter the details. Optionally, if referred by a friend, enter their Referral ID. Agree to the Terms of Service and Privacy Policy, then click 'Next'.
  • Verification Code: Receive a 6-digit verification code via email or phone. Enter this code within 30 minutes and submit it.
  • Create Password: Create a secure password for the account. It must have at least 8 characters, including at least one uppercase letter and one number. Click 'Next'.
  • Account Creation Confirmation: Upon completing these steps, the Binance account is successfully createdโ€‹โ€‹.

Step 3Fund Your Account

Once you have registered or logged in to your account at Binance, there are several funding methods you can use to buy yearn.finance cryptocurrency.

You can buy yearn.finance on Binance using:

  • Apple Pay: Instant processing time
  • Google Pay: Instant processing time
  • Bank Transfer (ACH): 1-3 days processing time
  • Wire Transfer: 1-3 days processing time
  • Debit Card: 1-3 days processing time
  • SEPA: 0-5 days processing time

Step 4Buy yearn.finance (YFI)

After registering and funding your account at Binance, you should be able to buy yearn.finance after your deposit finishes processing. After you receive your YFI, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best yearn.finance Exchanges

yearn.finance is also available on these exchanges:


About yearn.finance

How and Where to Buy Yearn.Finance (YFI)

Andre Cronje, an independent developer, originally founded the iEarn project. In February 2020, Cronje walked away from the project but later returned to rebrand it to Yearn.Finance. The new project went live in July 2020, with the launch of the $YFI token.

Cronje has a background in cryptocurrency, notably DeFi, working with Fantom and CryptoBriefing, a crypto media source and company that focuses on ICOs (initial coin offerings).

Most DeFi projects raise venture capital funds by seeking investment partnerships, but Cronje started the project without external funding and did not reserve tokens for himself.

Yearn.Finance is a fast-growing DeFi project that hit the ground running with almost $800 million of assets on the platform in the first month after launch.

What Is Yearn.Finance (YFI)?

Yearn.Finance is an automated aggregator service that helps maximize yield farming profits for DeFi (decentralized finance) investors.

By simplifying the DeFi experience, Yearn.Finance aims to appeal to a broad field of global traders without technical expertise.

The Yearn.Finance protocols run on the Ethereum blockchain, providing multiple trading and lending services, enabling users to maximize their earnings with automated rewards. Balancer and Curve are two Decentralized exchanges that run on Yearn.Finance.

Yearn.Finance has several products: –

  • APY – An interest rate table for various lending protocols
  • Earn – The protocol searches multiple lending protocols for the best interest rates for users wanting to lend crypto assets. Users then deposit their chosen crypto on the Yearn.Finance platform and earn the highest returns
  • Vaults – A range of high return investment strategies for DeFi projects (similar to managed funds)
  • Zap – Several trades can be bundled together with one click, saving time and reducing transaction costs

$YFI is the native token on Yearn.Finance. It’s a governance token, meaning that if you own $YFI tokens, you can vote on project rules and proposals.

Users earn $YFI rewards by utilizing the Yearn.Finance platform to lock their cryptocurrencies into contracts.

What Makes Yearn.Finance (YFI) Unique?

The simplicity of DeFi investment is what makes Yearn.Finance unique. By turning a complex process into a beginner-friendly approach, Yearn.Finance has attracted a sector of investors that would otherwise flounder to understand how to utilize DeFi and yield farming.

Yearn.Finance uses multiple customized tools, acting as the aggregator for decentralized protocols like Aave, Compound and Curve, providing the highest yield for crypto stakers on the platform.

In June 2021, Yearn.Finance launched its newest yVault: crvTricrypto. “This vault is based on Curve’s new tricrypto pool consisting of BTC, ETH, and USDT. Our standard fees apply, 2% management fee and 20% performance fee on profits generated. There are no withdrawal fees.” – Yearn.Finance Official Twitter account

How and Where to Buy Yearn.Finance (YFI)

If you’re new to cryptocurrency investing, you may be concerned about the best place to buy $YFI tokens. The first step is to register with a user-friendly cryptocurrency exchange with a good range of markets and coins and a reputation for customer support. Binance is a leading crypto platform ideal for beginners and experienced traders and investors:

  1. Register your details on the official Binance website
  2. Submit your ID verification documents
  3. After registration, download the Trust Wallet, so you are ready to store your $YFI tokens securely
  4. Deposit to your account – wire transfer, Mastercard or Visa. Alternatively, you can deposit with a supported cryptocurrency
  5. Choose a $YFI pair from the “exchange” tab: YFI/USDT, YFI/BUSD, YFI/BTC & YFI/EUR
  6. After purchase, send the $YFI tokens to the Trust Wallet

How do I Sell Yearn.Finance (YFI)?

You can sell directly from the Trust Wallet app on your mobile device or log in to your Binance account: –

  1. On the “exchange” tab, look for a stablecoin like $USDT and click on “sell”
  2. Transfer your $USDT to a suitable off-ramp platform that supports fiat currencies, such as Coinbase or Gemini
  3. Once the $USDT transfer completes, convert it to a fiat currency so you can withdraw it to your bank account

Should I Buy Yearn.Finance (YFI)?

The cryptocurrency market can be challenging for beginners. For instance, in 2021, prices across most cryptocurrencies fell by 50% or more. We aren’t investment experts, so we cannot advise about buying $YFI tokens, but be aware that there’s no guarantee for profiting from your investment.

When you are confident about investing in $YFI tokens, register with an established cryptocurrency exchange like Binance, a popular platform launched in 2017. Coinbase and Gate.io are also great for beginners, with user-friendly interfaces.ย ย 

How do I invest in Yearn.Finance (YFI)? Safely?

Investing is risky, regardless of the financial instrument or market. You could potentially make a lot of money or lose all of your money. Accepting that to be the case and spending no more than you can comfortably afford to lose, investing in $YFI tokens as a project is not without risk.

Still, when you are ready to buy $YFI tokens, you must invest only with a secure cryptocurrency exchange like Binance, Coinbase or Gate.io.

Coinbase is popular with cryptocurrency newbies because the platform is easy to navigate, and it has a good range of fiat currencies. Gate.io has a vast range of coins and markets and is one of the few platforms offering a cold storage wallet.

yearn.finance (YFI)
Price
$8318.1693463089
24h Change
1.1
7d Change
-6.1