Buy yearn.finance today
Buy yearn.finance today
- Own YFI & 75+ other cryptoassets
- Join a community of 25+ million
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Capital gains tax on profits may apply.
How to buy yearn.finance (YFI) in the UK
Learn how to buy yearn.finance (YFI) on 9+ crypto exchanges in our step-by-step guide.
yearn.finance (YFI) is the 168th largest cryptocurrency by market cap, valued at US$198,923,796.
yearn.finance is a highly volatile asset capable of major price swings in a single day. Today YFI is trading for $6025.58 USD, which is lower than yesterday's trading price of $6,082.54 USD. Over the past year, yearn.finance's price has seen a decrease of -19%.
So before you buy yearn.finance, make sure you understand these unique risks as well as its legal and tax status here in the UK.
If you're ready to get started, read on for step-by-step instructions on how you can buy yearn.finance.
How to buy yearn.finance in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchanges
The easiest way to buy yearn.finance is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a deposit
Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy yearn.finance
You can now exchange your funds for yearn.finance. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your yearn.finance to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Where to buy yearn.finance in the UK
Find an exchange to buy, sell and trade YFI by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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How we keep this yearn.finance guide up-to-date
- YFI price data is regularly updated through data feeds so you always have the latest information.
- yearn.finance performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy yearn.finance?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy yearn.finance?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading yearn.finance.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing YFI with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What is the easiest way to buy yearn.finance?
The easiest way to buy YFI is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying YFI, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of yearn.finance has been performing recently.
Best yearn.finance wallets to store your YFI
You can keep your YFI on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your YFI below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Recent yearn.finance developments
December 2021: In a snapshot poll, the Yearn Finance community voted on proposals regarding an update to the company's tokenomics. The company is now starting a fee distribution to YFI holders based on the poll. Yearn Finance is also aggressively buying back YFI. By December 16 2021, over $7.5 million of YFI has been purchased by the company on the open market at an average price of $26,651. The amount of FYI bought back by the company over the last month is now larger than the amount purchased over the year prior.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is yearn.finance a good investment?
Before deciding whether or not to invest in YFI, it is vital you understand a few of the factors that may influence the price of the coin:
- Open-source. It’s essential to remember that Yearn is a public, open-source project which anyone can copy at any time. Yearn has many imitators and competitors, such as beefy.finance and CREAM. Yearn does not have any kind of proprietary technological edge over its competition.
- Yield farming. DeFi earning services have grown in popularity, however they are incredibly risky – particularly yield farming. This method of accruing interest on your coins can provide extremely high returns, however is also liable to smart contract risks, illiquidity and competition for participation. Yearn.finance’s vaults system attempts to simplify this process, but if you plan on getting involved in the ecosystem you must ensure you’re aware of the risks. Also consider if yield farming is to fall in popularity due to its precarious nature, the YFI token will likely fall in value too.
- Staking and governance. The primary use-case of the YFI token is for governance. Token holders are given the option to vote on proposals and dictate the development of the yearn.finance platform. Investors in YFI may want to participate in governance as the future success of the dApp will play a large role in dictating the token’s performance. To vote, you must stake your tokens via the yearn governance hub.
Today's yearn.finance price versus ATH
Compare today's price of yearn.finance ($6025.58 USD) against its all-time-high price of $90787 USD on 12 May 2021. The closer the bar is to 100%, the closer YFI is to reaching its ATH again.
yearn.finance's price: $6025.58
ATH date: May 12, 2021
ATH date: May 12, 2021
6.64%
yearn.finance ATH: $90787
How to trade, convert or sell yearn.finance
You can convert or sell your YFI with the same exchange you bought it through:- Sign in to the exchange you have YFI on.
- If you store your yearn.finance in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of YFI you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of yearn.finance.
- Complete your transaction and move your YFI to a wallet for storage.
* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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