Where to Buy yearn.finance (YFI)
Are you trying to decide where to buy YFI?
+Whether you're a new student or a long time crypto trader, choosing the right exchange to buy a cryptocurrency such as YFI can seem like a daunting task. That's why here we'll help you figure out where to purchase yearn.finance in the following paragraphs in a simple way.
In order to buy YFI, one of the first steps is to review the exchanges with the most liquid trading pairs available. Once you have set up an account on any of these platforms you will be able to exchange the coin you have funded and get YFI.
Here is a list of the top 4 most liquid exchanges to buy Yearn.Finance (YFI) on:
- BKEX: If you're looking to buy YFI on the USDT trading pair, currently this exchange based on the British Virgin Islands has the highest liquidity.
- Binance: An exchange with a high variety of coins, great liquidity, as well as their own Binance Wallet function. One of our top preferred exchanges amongst non-US traders.
- OKEx: Originally from Hong Kong but now based in Malta, this exchange is another great option for non-US traders to trade on the USDT pair.
- Coinbase Pro: This regulated exchange allows its users to buy and sell all throughout the US (except for Hawaii) with a very user-friendly platform, and it currently has the highest liquidity to buy YFI on USD.
Beware: Some of the mentioned exchanges are unavailable to US traders or other regions due to policies and countries protocols. Don't worry! Keep reading for more options per region down below.
List of Best Crypto Exchanges for US. Residents
- Coinbase Pro
- Bitmart (Except for traders in Connecticut, Georgia, Hawaii, New Mexico, New York and Washington) - also available for EU and UK residents.
- Bitforex - also available in EU, UK and Asia.
List of Best Crypto Exchanges for EU/UK Residents
- OKEx - also available for Asian residents with few exceptions like Iran, Syria or Malaysia.
- Huobi Global
- Bitfinex - also available for Asian residents
List of Best Crypto Exchanges for Asian Residents
- View more
What is Yearn.finance (YFI)?
+Yearn.finance is a decentralized finance group of protocols created in 2020, maintained by developers and governed by their token holders. Yearn.finance works on the Ethereum blockchain, allowing users to increase their crypto earnings through the platform's lending and trading services.
YFI is their token, built on ERC-20 to allow holders to govern the protocol through voting on the community's proposals, and as an incentive mechanism for liquidity providers, which makes it a decentralized protocol.
Since YFI is built on the Ethereum blockchain, all ETH wallets can also be used to store your YFI.
You might also be interested in comparing the price of YFI to ETH or other cryptos built on ERC-20, which you can easily do with our Crypto Compare tool here.
Best Crypto Wallets to Store Yearn.finance (YFI)
+When buying Yearn.finance, it's important that you're familiar with YFI wallets and choose one that best fit your needs.
A wallet is not meant to store YFI -technically, YFI can't be stored anywhere- but they rather provide a secure service to interact with the blockchain and allow you to make the transactions you need from your account.
Since yearn.finance is built on Ethereums’s ERC20 protocol, you can use any wallet that supports this to store your YFI, but still we created a short list with suggestions of where you can safely keep your YFI after buying.
Here is Exwhere’s overview of the top recommended wallets to store your Yearn.finance (YFI) on:
- MyEtherWallet is a great mobile wallet choice if you're looking for an app that operates directly on the Ethereum network.
- Metamask is one of the most popular web wallet options since it can be installed as a Chrome extension as well as a mobile app.
- Guarda another safe and versatile option to check out, since it can be used as a desktop, mobile or web app.
- Trezor: One of the best options if you're looking to buy a hardware wallet or are managing large amounts. They have been in the crypto market for a long time, and you can store your YFI with full encryption.
Yearn.finance (YFI) - Useful Crypto Resources
+Website: yearn.finance/
Twitter: twitter.com/iearnfinance
Reddit: reddit.com/r/yearn_finance/
Instagram: instagram.com/exwhere2/