YFI coin, as a popular token in the DeFi field, has attracted much attention from investors. To get YFI coins, you first need to understand how to buy and trade related skills. This article will introduce in detail how to easily get YFI coins, and share tutorials on buying and trading, so that you can be at ease in the world of cryptocurrency.

YFI coin is the token of the Yearn.Finance platform. Its price fluctuates greatly, but it has also attracted a large number of investors. To get YFI coins, you first need to choose a suitable trading platform. In the cryptocurrency market, there are many well-known exchanges where you can buy YFI coins, such as Binance, Coinbase, Huobi, etc. When choosing a trading platform, pay attention to factors such as the platform's security, handling fees, and the number of trading pairs to ensure that you choose the platform that suits you best.

The first step to buying YFI coins is to register a trading account and complete identity verification. When registering an account, you need to provide real personal information and perform two-factor identity verification to ensure the security of your account. After completing the registration, you need to recharge funds to the exchange account. You can use fiat currency or other cryptocurrencies for recharge. After the recharge is completed, you can start buying YFI coins.

When buying YFI coins, you can set the purchase quantity and price according to the market price. It is recommended to analyze the market situation before purchase and choose a suitable time to trade for a better trading experience. After the purchase is completed, the YFI coin can be transferred to a personal wallet for storage to improve the security of the assets.

In addition to buying YFI coins, it is also very important to understand trading skills. When trading YFI coins, pay attention to market fluctuations, buy and sell at the right time, and control risks. You can avoid risks and ensure the safety of your assets by setting stop-profit and stop-loss. In addition, pay more attention to industry trends, understand the latest news about YFI coins, and adjust trading strategies in time.

For beginners, you can refer to the experience of other investors, learn their trading skills and lessons, and constantly improve your trading level. During the transaction, stay calm, don't be swayed by market sentiment, make rational decisions, avoid blindly following the trend, and reduce investment risks.

In general, it is not difficult to obtain YFI coins. The key is to choose a suitable trading platform, master trading skills, and maintain a cautious and calm attitude. Through continuous learning and practice, I believe that everyone can succeed in the cryptocurrency market. I hope that the guide in this article can help you better understand how to buy and trade YFI coins. I wish you a fruitful return in your cryptocurrency investment!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

YFI coin is the native functional token of yearn.finance and can be used for platform governance. According to the investigation of the editor of Coin Circle, the issuance time of YFI coin is July 21, 2020, the issuance price is US$34, and the issuance volume is only 36,666. According to the latest market data, as of 11:23 on August 2, 2020, the price of YFI coin is US$31,707.86, the circulation market value is US$1.161 billion, and the global ranking is 55th. Its 24-hour trading volume is US$577 million, and the return on investment has reached 93,158%. According to the above data, YFI coin is still relatively popular in the market. So how to get YFI coin? Let the editor of Coin Circle bring you a detailed tutorial on how to buy and trade YFI coin.

 How to get YFI coin?

1. Log in to the official website. You can go directly to Binance official website. According to the prompts below, select [Register with mobile phone number or email]--[Taiwan]--[Email] (QQ, NetEase 163, Sohu email is recommended) to fill in the email and password, and click [Register]

2. After registration, you need to authenticate your identity. You can authenticate your identity through [User Center]-[Identity Authentication]. On this page, you can view the current authentication level, which determines the transaction limit of your account on Binance. If you need to increase the limit, please complete the identity authentication of each level in turn.

3. After completing the identity authentication, click [One-click Buy Coins] on the homepage to enter the transaction page

4. Then select [Self-Selected Area], select the appropriate merchant according to your needs, and click [Buy USDT]. Pay the seller according to the pop-up prompt, click "I have paid" and wait for the seller to release the coins.

5. Select [Trade]--[Spot Trading] on the homepage to enter the purchase page

6. Search YFI in the search box on the upper right of the page and select the YFI/USDT trading pair

7. Fill in the purchase quantity and click Buy. If you want to sell, fill in the sell quantity and click Sell.

 Is YFI worth investing in?

YFI is the native functional token of yearn.finance (digital currency code: YFI) and can be used for platform governance. Users can obtain this token by providing liquidity to the platform's aggregated liquidity pool, ypool. Yearn.finance is a decentralized finance (DeFi) platform that aims to establish aggregated liquidity pools, leveraged trading platforms, automated market making, and other functional platforms. Yearn.finance currently provides services for borrowers and automatically allocates and transfers the tokens it expects to borrow to dYdX,
Aave, and Compound to obtain the highest returns. The platform will also release other products in succession, such as yVault, to provide more arbitrage strategies for other projects such as Synthetix and
mStable.

Yearn.finance is dedicated to simplifying DeFi investing and activities such as yield farming for a wider segment of investors.

The platform acts as an aggregator of DeFi protocols such as Curve, Compound, and Aave, leveraging a variety of custom tools, allowing those who use crypto to earn the highest yields.

New features will continue to be rolled out, which are designed, among other things, to help maintain the long-term value of the platform.

Yearn.finance makes money by charging a withdrawal fee, which is currently 0.5% as of the end of September 2020, and a 5% gas subsidy fee. Due to its governance model, it can technically be changed at any time by consensus.

yearn.finance's target market is investors who do not have the time to study the increasingly complex DeFi phenomenon from scratch or who want to optimize returns.

After a 44-day surge, YFI's market capitalization has reached nearly $1 billion. Will Yearn Finance be able to maintain its previous unstoppable upward trend, or will it fall sharply?

Stripping off the outer layers of Defi, liquidity mining, community governance, blockchain spirit, innovative product mechanism, and price surpassing BTC, the total issuance of YFI is only 30,000, and the number of currency holding addresses is only 5,000, which is destined to be a niche project. After all, compared with the 21 million circulation of BTC, 30,000 YFIs are not a big deal. Surpassing BTC in price does not mean that BTC's position can be shaken.

The author believes that the future development trend of YFI depends to a large extent on whether Yearn's TVL can continue to grow rapidly in the short term. In the final analysis, the increase in the number of real users is the key to driving the price of the currency. All shouting orders, without a basic consensus, and the growth brought about by asset inflation are all illusory bubbles that will burst sooner or later.

In summary, this is the answer of the editor of the currency circle to the question of how to obtain YFI coins. I hope that after reading this detailed tutorial on purchasing and trading YFI coins, all investors will be able to complete the transaction smoothly. The editor of Coin Circle kindly reminds all investors that no matter whether you want to buy YFI coins or some other currencies, you must carefully consider before investing. After all, every investment is directly related to the funds of all investors. Only by understanding the situation of our investment currency can our investment be meaningful. After all, we invest real money, so it is always right to be cautious. If you want to know more information, you can pay attention to Coin Circle. The editor of Coin Circle will continue to bring you relevant reports.