Where’s the cheapest place to buy Yearn.Finance (YFI) in the UK?
In 2021, there are more places than ever before where UK residents can buy cryptocurrencies like this.
Check out this short post for a list of some places where you can get your hands on it.
Best Ways to Buy Yearn.Finance (YFI)
You can’t buy Yearn.Finance (YFI) directly with GBP on Binance, but it’s still a low-cost method of buying it if you’re living in the UK.
Instead of buying it directly with GBP, you’ll need to first exchange your GBP for either:
- Bitcoin (BTC)
- Binance Coin (BNB)
- Binance USD (BUSD)
- Tether (USDT)
Once you’ve bought one of these, you can then exchange it for Yearn.Finance (YFI).
You’ll pay maximum fees of 0.1% on Binance. This can be easily reduced a little if you purchase some Binance Coin (BNB) and use it to pay for your fees.
The downside of Binance is that it’s a bit harder to use for beginners.Binance WebsiteBinance Review
2. Coinbase Pro
Like with Binance, you can’t currently buy Yearn.Finance (YFI) directly with GBP on Coinbase Pro.
This means you’ll have to:
- Deposit GBP with a UK bank transfer (FREE).
- Buy Bitcoin (BTC) with GBP (real exchange rate, max 0.5% fees).
- Buy Yearn.Finance (YFI) with Bitcoin (BTC) (real exchange rate, max 0.5% fees).
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.
Like Binance, the downside of Coinbase Pro is that it might be a little intimidating to use as a complete beginner.
Check out the Coinbase website to learn more about them.
CoinJar allows UK residents to directly buy Yearn.Finance with GBP.
There’s no messing around involved. Just deposit GBP with a simple UK bank transfer (FREE) and then use it to buy Yearn.Finance (YFI) and any other supported cryptocurrency.
You’ll be charged a fixed fee of 1% when you buy Yearn.Finance on CoinJar. I’ve also found that the exchange rate you’re quoted is a little higher than you can find elsewhere. 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.
In contrast to Binance or Coinbase Pro, CoinJar is a lot easier to use and beginner-friendly (the mobile app is great).
Thanks for checking out this quick guide about how to buy Yearn.Finance (YFI) in the UK!
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