Last update: Jun 6, 2022

How to Buy Beefy.Finance (BIFI)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Beefy.Finance. Depending on where you’re located, you’ll have different trading platforms to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Beefy. Finance

How to Buy Beefy.Finance – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a crypto trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Beefy.Finance of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency trading platforms.

4. Buy Beefy.Finance

Now that you have what you need to buy Beefy.Finance, head over to the market or buy section of the crypto trading platform and buy some BIFI.

If the crypto exchange doesn’t have any Beefy.Finance on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Beefy.Finance first), and trade your Ethereum for Beefy.Finance.

Where to Buy Beefy.Finance (BIFI)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Beefy.Finance

  1. Sign into the exchange where you bought Beefy.Finance.
  2. Move your Beefy.Finance to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Beefy.Finance.

 

Crypto trading

How to Buy Beefy.Finance (BIFI) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Beefy.Finance in Australia, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Beefy.Finance if it’s available. If the exchange doesn’t have Beefy.Finance. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Beefy.Finance), and trade your ETH for Beefy.Finance.

It’s also possible to check out our comparison of the best platforms to buy cryptocurrency in Australia If you’re curious to know more about which exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Beefy.Finance (BIFI) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Beefy.Finance in Canada, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Beefy.Finance if it’s available. If the exchange doesn’t have Beefy.Finance. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Beefy.Finance), and trade your ETH for Beefy.Finance.

It’s also possible to take a look at our analysis of the most reliable Canadian crypto exchanges if you’re interested in learning more about which ones we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Beefy.Finance (BIFI) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Beefy.Finance in the UK, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Beefy.Finance if it’s available. If the exchange doesn’t have Beefy.Finance. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Beefy.Finance), and trade your ETH for Beefy.Finance.

Alternatively, if you want to know more about the exchanges we recommend, look at our list of the most reliable UK crypto exchanges.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Beefy.Finance? BIFI Rundown

Beefy Finance, a Decentralized, MultiChain Yield Optimizer Platform that allows users to earn compound interest from their crypto holdings, is called Beefy Finance.

Beefy Finance maximizes user rewards through a series of investment strategies that are secured and enforced with smart contracts.

Beefy Finance's main product is the vaults in which you can stake your crypto tokens. Your deposited token amount will be increased automatically by the investment strategy that is tied to that vault. This compounded yield farm reward tokens will then be redeposited into the initial deposited asset. Your funds are not locked in any vault at Beefy Finance, despite the name "Vault". You can withdraw your funds at any time.

DeFi applications are unique because they are trustless and permissionless. This means that anyone can use them without the help of a trusted intermediary. You retain 100% control over your crypto even though you may have funds in a vault.

$BIFI tokens can be used to earn 'dividend eligible' revenue shares in Beefy Finance. They are eligible for voting on important platform decisions and allow holders to make profits.

Beefy Finance's native governance token $BIFI is at the core of all vaults that are deployed on any blockchain. A small portion of vault profits is used to generate platform revenue, which is then distributed to holders of $BIFI.

You can stake $BIFI to earn more $BIFI in a BIFI Maxi vault or $ETH, $1BNB, $6FTM, $4MATIC, $3AVAX and $HT in native staking pools.

Limited supply of $BIFI tokens is available at 80,000 tokens. It can be found on top decentralized exchanges like Binance, 1inchexchange, PancakeSwap.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.