Last update: Jun 6, 2022

How to Buy yearn.finance (YFI)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy yearn.finance. Depending on where you live, you’ll have a few crypto exchanges to choose from.

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

Let’s get started!

Yearn. Finance

How to Buy yearn.finance – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency exchange 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 yearn.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 exchanges.

4. Buy yearn.finance

Now that you have what you need to buy yearn.finance, head over to the market or buy section of the cryptocurrency trading platform and buy some YFI.

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

Where to Buy yearn.finance (YFI)

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 yearn.finance

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

 

Crypto trading

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

Or, if you’d like to learn more about the exchanges we like, check our list of the best bitcoin brokers in Australia.

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 yearn.finance (YFI) 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 yearn.finance in Canada, the process remains the same:

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

You can also take a look at our analysis of the most popular crypto exchanges in Canada If you’re curious to know 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 yearn.finance (YFI) 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 yearn.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 yearn.finance if it’s available. If the exchange doesn’t have yearn.finance. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has yearn.finance), and trade your ETH for yearn.finance.

You can also check out our comparison of the best UK crypto exchanges if you’re interested in learning more about the exchanges we prefer.

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 yearn.finance? YFI Rundown

Yearn.finance provides an aggregator service to decentralized finance ( DeFi) investors. It uses automation to maximize yield farming profits.

Its purpose is to make the ever-expanding DeFi area easier for investors who don't have the technical skills or want to be less committed than serious traders.

The service, formerly known under iEarn was launched in February 2020. It has experienced tremendous growth over the past months, as new products were introduced and developers released their own token YFI.

Yearn.finance was created to make DeFi investing easier and simplify activities like yield farming, for a wider investor sector.

This platform uses a variety of bespoke tools to act an aggregator for DeFi protocol such as Curve and Compound, which gives those who stake cryptocurrency the highest yield possible.

The platform continues to receive new features. These are designed to preserve its long-term value.

Yearn.finance earns a profit by charging withdrawal charges, currently 0.5% at September 2020. These fees can be modified by consensus thanks to Yearn.finance's governance model.

Yearn.finance targets investors who don't have the time or desire to maximize their returns.

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.