It uses smart contracts to automatically move any funds that you deposit between different lending protocols to maximise your interest yield. The primary purpose of Yearn.Finance is to serve as a decentralised yield aggregator. Technically, the token is called YFI and the ecosystem is called Yearn.Finance, but many people use these terms interchangeably.įormerly known as iEarn, Yearn.Finance was founded in 2020 by Andre Cronje, the self-professed “father of DeFi”. Yearn.Finance (YFI) is the governance and rewards token for the Yearn.Finance ecosystem.
In contrast to Coinbase Pro, CoinJar is a lot easier to use and beginner-friendly (the mobile app is great).Ĭheck out my CoinJar review or their website to learn more. This varies day-to-day, but I’ve found that the prices you’re quoted for Yearn.Finance aren’t usually more than 0.5% above what you’d find elsewhere. I’ve also found that the exchange rate you’re quoted is a little higher than you can find elsewhere. You’ll be charged a fixed fee of 1% when you buy Yearn.Finance on CoinJar. Just deposit GBP with a simple UK bank transfer (FREE) and then use it to buy Yearn.Finance (YFI) and any other supported cryptocurrency. CoinJarĬoinJar allows UK residents to directly buy Yearn.Finance with GBP.
YFI COINBASE PRO
Like other crypto exchanges, the downside of Coinbase Pro is that it might be a little intimidating to use as a complete beginner.Ĭheck out the Coinbase website, or my in-depth Coinbase Pro review, to learn more about them. It’s a little bit extra faff, but also means you’ll pay up to about 1% in fees to go from GBP into Yearn.Finance (YFI) on Coinbase Pro. Buy Yearn.Finance (YFI) with Bitcoin (BTC) (real exchange rate, max 0.5% fees).Buy Bitcoin (BTC) with GBP (real exchange rate, max 0.5% fees).Deposit GBP with a UK bank transfer (FREE).You can’t buy Yearn.Finance (YFI) directly with GBP on Coinbase Pro, but it’s still a low-cost method of buying it if you’re living in the UK. In 2022, there are more places than ever before where UK residents can buy cryptocurrencies like this.Ĭheck out this short post for a list of some places where you can get your hands on it.īest Ways to Buy Yearn.Finance (YFI) 1.
Where’s the cheapest place to buy Yearn.Finance (YFI) in the UK?
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