Last update: Jun 6, 2022

How to Buy DFI.Money (YFII)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy DFI.Money. Depending on where you’re based, you’ll have various cryptocurrency 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!

Dfi. Money

How to Buy DFI.Money – 4 Easy Steps

1. Choose a crypto exchange

Finding a 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 DFI.Money of course.

2. Sign up with the crypto 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 exchanges.

4. Buy DFI.Money

Now that you have what you need to buy DFI.Money, head over to the market or buy section of the cryptocurrency exchange and buy some YFII.

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

Where to Buy DFI.Money (YFII)

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 DFI.Money

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

 

Crypto trading

How to Buy DFI.Money (YFII) 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 DFI.Money 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 DFI.Money if it’s available. If the exchange doesn’t have DFI.Money. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has DFI.Money), and trade your ETH for DFI.Money.

You can also take a look at our analysis of the places where to buy cryptocurrency in Australia if you’re interested in learning more about the 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 DFI.Money (YFII) 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 DFI.Money in Canada, the process remains the same:

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

You can also take a look at our analysis of the best cryptocurrency brokers in Canada If you’re interested in learning more about the exchanges we prefer.

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 DFI.Money (YFII) 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 DFI.Money 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 DFI.Money if it’s available. If the exchange doesn’t have DFI.Money. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has DFI.Money), and trade your ETH for DFI.Money.

If you’d like to learn more about the exchanges we prefer, read our comparison of the safest crypto exchanges in the UK.

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 DFI.Money? YFII Rundown

DFI.MONEY is also known as YFII and is a fork in popular decentralized finance ( DeFi) aggregator platform, yearn.finance( YFI).

It was launched in July 2020 and aims to maximize returns for DeFi investors, while adhering the changes suggested in an upgrade plan called YIP-8.

DFI.MONEY also announced new products. The Vault is the most important, which it calls its "killer product."

DFI.MONEY's native token is YFII. This fixed-supply token is earned by liquidity providers in accordance to their network interaction.

DFI.MONEY is basically the same as yearn.finance in the DeFi marketplace, but with some new features and protocol rules.

It appeals to both its predecessors who voted for YIP-8 as well as new DeFi investors who are looking to maximize their returns by providing liquidity.

DFI.MONEY states on its website that it is community-owned and doesn't offer developer rewards by default.

As a reward for providing liquidity, users can join either one or both of the two liquidity pools that feature Curve or Balancing (BAL).

DFI.MONEY has also introduced the Vault feature. This allows users to automatically receive the highest token returns based on user-submitted strategies. Users don't have to manually set up transactions.

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.