Where & How to Buy yearn.finance (YFI) for Beginners in 2025

The safest and easiest way to buy yearn.finance is through a cryptocurrency exchange, which functions similarly to a stock trading platform. It takes just a few minutes to buy yearn.finance this way. Follow our quick step guide below.

How to buy yearn.finance quickly in 3 steps

To get yearn.finance, you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time, and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to a crypto platform

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Sign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

We found 11 crypto platforms for users based in

Sort by Recommended Minimum Deposit Safest Platforms User Rating

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

3.9

Kraken

Min. Deposit $10

Fees 0.10% – 0.26%

No. assets 90+

Demo account Yes

Visit site

Kraken review

4.1

KuCoin

Min. Deposit n/a

Fees –

No. assets n/a

Demo account No

Visit site

KuCoin review

Step 2. Make a deposit

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Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.

Step 3. Buy yearn.finance token

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Locate the search box and type YFI. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.

Now you own yearn.finance tokens! Not a big deal, right?

The easiest way to buy YFI

The overall best platform to buy yearn.finance for beginners is eToro .

Here are the top five places to buy yearn.finance, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

Read more about how we rate, rank and review platforms.

Best exchanges to buy yearn.finance (YFI), reviewed

1. eToro. Best for beginners, copy-trading & demo-account

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4.5

Ratings

€100

Min. deposit

0% commission

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s a trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of more than 5,500 stocks and ETFs includes big names like Apple and Tesla, as well as smaller companies with high growth potential. You can start trading with as little as $10 using fractional shares if you’re on a tight budget.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. This is a great way to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across stocks, crypto, and options trading markets.

Highlights

No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN

Fees & Costs

Trading fees	Yes, on certain assets
Inactivity fees	Yes
Rollover/overnight fees	Yes, on CFDs
Withdrawal fees	Yes
Spreads	Yes, on certain assets
Conversion fees	Yes, for non-USD currencies

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Read review Visit eToro

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2. Kraken: Best for simple, global cryptocurrency trading from your phone

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3.5

Ratings

$10

Min. deposit

0.10% – 0.26% (volume dependent)

Fees

90

No. assets

Yes

Demo account

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around. 

With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available. 

Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go. 

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

No. of tradable assets	200+
Min. Deposit	£10
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, AUSTRAC, FCA, MiFID II, FinCEN, FINTRAC

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency – it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges

Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Read review Visit Kraken

3. KuCoin. Best social trading altcoin exchange

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4

Ratings

$-

Min. deposit

…

Fees

–

No. assets

No

Demo account

Overview

We love KuCoin because it’s a great place for beginners to trade more than 700 altcoins. Kucoin offers a vast range of cryptocurrencies including all the big names like Bitcoin and Ethereum, together with hundreds of altcoins and newly released tokens. 

The exchange gives you multiple ways to trade and invest in crypto, including spot trading, futures trading, margin trading, and staking. This choice allows you to choose the method that best suits your trading strategies and risk tolerance. 

Kucoin is a top platform for both beginners and experienced traders. Its intuitive interface is easy to get to grips with and its advanced trading features mean even high volume traders can make use of it. Kucoin also offers an earn feature, where you can generate passive income through staking and lending, making it one of the best all round crypto exchanges. 

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees

Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Read review Visit KuCoin

4. Paybis. Best crypto platform for choice of payment methods

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4

Ratings

$4

Min. deposit

Variable

Fees

90

No. assets

No

Demo account

Overview

We love Paybis because it is one of the simplest crypto platforms to use, making it ideal for both beginners and experienced traders. The intuitive interface makes the process of buying and selling cryptocurrencies smooth, fast, and hassle-free. 

Paybis offers a good selection of coins to buy and sell including popular options like Bitcoin and Ethereum, as well as many altcoins. With such a wide range of tokens, you’ll be able to diversify your portfolio and take advantage of market opportunities very quickly. 

One of the best features of Paybis is its selection of payment options. Not only can you buy Bitcoin with a credit or debit card using USD, but you can also choose from several payment apps and digital wallets. 

The fees: How much you will pay will depend on the payment option you use. Paybis provides detailed information on the types of fees applied. You can expect competitive rates, with clear outlines of transaction and network fees, before buying or selling.

Highlights

No. of tradable assets	90
Min. Deposit	$4
ID verification required	Yes
Free demo account	No
Supported assets	Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	MAS, FinCEN

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	Yes
Spreads	Yes
Conversion fees	No

Pros & Cons

Low fees when buying or selling crypto Easy to navigate interface Excellent customer support functions

Fewer cryptocurrencies compared to other platforms Limited trading tools

Read review Visit Paybis

5. OKX. Best for futures and margin trading

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4

Ratings

$-

Min. deposit

…

Fees

–

No. assets

No

Demo account

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Highlights

No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies

Pros & Cons

Stake ETH to freely mint NFTs & win big prizes 350+ cryptocurrencies & NFTs available across 650+ trading pairs Crypto spot & derivative markets available Pay using hundreds of local payment methods

Not available in the US Lack of fiat withdrawal options

Read review Visit OKX

How to trade YFI

You can trade yearn.finance on a cryptocurrency exchange using simple steps. Here’s a quick example that clearly lays out how YFI crypto trading works:

1. Monitor the price: For simplicity, let’s say the price of YFI/USDT is $1. You read the price charts and decide that now is a good time to start purchasing YFI.
2. Open a trade: You trade one USDT for one YFI ($1 USD for 1 YFI).
3. Continue to monitor the price: The following month, one YFI token is now worth $2, a 100% increase.
4. Close your trade: You trade your YFI token back to USDT for $2.

In this example, you buy and sell yearn.finance, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts and technical patterns, and understanding markets and margin trading, which you can do right here on Invezz.com.

What is the best way to invest in yearn.finance (YFI)?

The simplest way to buy yearn.finance cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for YFI.

• Buy yearn.finance with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.

• Buy yearn.finance with a bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.

• Buy yearn.finance with PayPal. Some crypto brokers accept deposits via PayPal. Not many exchanges offer this option. However, you can find here the best crypto exchanges that accept PayPal.

• Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store yearn.finance (YFI)?

Most people keep their crypto on the exchange they used to purchase it. If you only plan to hold onto it for a little while, then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of yearn.finance then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet or a safe, where you take responsibility for it yourself. Two of the best yearn.finance wallets to use are MetaMask and the Ledger Nano S.

Should I buy yearn.finance now?

The answer depends on the current price and your own investment goals. Put simply, purchasing yearn.finance, selling yearn.finance, and trading YFI are all the exact same process in literal terms. It’s just your personal investing intentions that define whether ‘now’ is a good time to invest or not.

• If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long-term in the hopes of larger profits. In this sense, any time is a good time to trade yearn.finance.

• As a long-term investor: a long-term investor is not concerned if the price is up or down 10% on any given day. Instead, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of YFI, then a good time to purchase yearn.finance is on any significant dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying yearn.finance and selling it the next day probably isn’t why you’re here either.

How has yearn.finance (YFI) performed this year?

The current yearn.finance price today is $5,344.62, which is -94.28% versus its all time high of $93,435.53, which it reached on 12 May 2021. YFI is -39.52% this year, with a 52-week high of $14,667.06 and a 52-week low of $4,360.37. 

Regardless, closely following yearn.finance price news & analysis will help you decide when to pull the trigger.