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How to buy Harvest Finance (FARM) in the US

A beginner's guide to buying and selling FARM in the US.

Harvest Finance
FARM- USD
DEFI
$92.19
-$11.65 (-11.22%)

How to buy Harvest Finance

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Harvest Finance.

  1. Open an account on an exchange that supports FARM.
    Jump to our instructions to learn how to bridge — just remember that using a DEX can be complicated and may be more risky than using a CEX.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Harvest Finance.
  3. Buy Harvest Finance.
    Complete your Harvest Finance purchase and then find the best wallet to store FARM.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Harvest Finance?

Harvest Finance is a yield farming aggregator. It works by letting users pool their funds together, which the protocol then invests into various yield farming strategies to get the best returns according to a pre-programmed strategy. It does so by automatically switching between various DeFi protocols, saving users the hassle of having to chase the highest paying strategies themselves. Doing so reduces gas fees for the individual, as well as helps deliver substantial returns without the need for constantly switching between farming protocols. FARM tokens can also be earned by simply using the platform and depositing various assets.

Harvest Finance (FARM) is the 416th largest cryptocurrency in the world by market cap, valued at $55,423,979. The current price of Harvest Finance is $95.56, which is -2.462% lower than yesterday. Prices have ranged between $106.22 and $93.58 over the past 24 hours. All prices are listed in US dollars and accurate as of July 28, 2021 04:07 UTC.

Where to buy Harvest Finance

Where to buy Harvest Finance

If FARM is not available on exchanges in your local market, then you may need to use a decentralized exchange (DEX). Decentralized exchanges run on blockchains like Ethereum and allow users to trade directly with one another without the need for a middleman.

Decentralized exchanges are unregulated and run on autonomous pieces of code known as dApps. To use a dApp you interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you’re unfamiliar.

  1. Find FARM on a decentralized exchange and make sure Harvest Finance can be traded for ETH which is the native asset of Ethereum. Popular DEXs include:
  2. Buy ETH to trade for FARM – you can find check a list of exchanges that sell ETH.
  3. Transfer the ETH into a personal wallet to trade for FARM using a web 3.0 wallet like MetaMask to connect to the DEX.

Harvest Finance at a glance

Information last updated July 28, 2021 04:07 UTC.
Coin symbolFARM
Total FARM supply633,697
Circulating FARM579,503
Current priceUS$95.56
All time highUS$5,078.47
IndustryYield farming
Token usesGovernance
NetworkEthereum

Harvest Finance price performance over time

Historical prices compared with the price of US$95.56.

1 hour 0.41%
24 hours -2.46%
7 days 14.29%
14 days -10.06%
30 days 103.92%
60 days 33.24%
200 days 14.80%
1 yearN/A

How to sell Harvest Finance

You can cash out your FARM with the same exchange you bought it through:

  1. Sign in to the exchange you have FARM on.
    If you store your Harvest Finance in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of FARM you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Harvest Finance.

What to consider when buying Harvest Finance

Yield farming is a particularly high-risk part of the cryptocurrency ecosystem due to potential vulnerabilities in code or unscrupulous developers. This was highlighted in October 2020 when the Harvest Finance was the victim of a hack that saw $24 million stolen from the platform. Before buying FARM tokens, consider the following:
  • Counter-party risk: Harvest Finance is a yield aggregator, which means that it takes users funds and deposits them on various other platforms to earn interest. This means that users’ funds are exposed to several other platforms in addition to Harvest, which may have their own set of vulnerabilities and risks.
  • Competition: Yield aggregators have become a common part of the DeFi landscape, and the tokens associated with them can be highly lucrative. As such, many copycat aggregators have emerged looking to capitalise on the trend. Anyone considering buying FARM tokens should be aware of competitors such as Yearn Finance, 1INCH and Rari Capital.
  • Token supply: FARM tokens can be purchased on the open market or earned by using the platform. Tokens were first distributed on 3 September 2020 via an airdrop, which distributed roughly 180,000 tokens over four weeks. The total supply of tokens is capped at 690,420, which are planned to be distributed via protocol rewards over the first four years of operation.
Disclaimer: Cryptocurrencies, including Harvest Finance, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of FARM is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Harvest Finance or any other cryptocurrency discussed.

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