How to buy Beefy.Finance (BIFI) in Australia

Learn how to buy Beefy.Finance (BIFI) easily by following a step-by-step guide and compare 10+ crypto exchanges.

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How to buy Beefy.Finance

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

  1. Open an account on an exchange that supports BIFI.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  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 Beefy.Finance.
  3. Buy Beefy.Finance.
    Complete your Beefy.Finance purchase and then find the best wallet to store BIFI.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Beefy.Finance?

Developed in 2020, Beefy Finance is a yield optimisation platform that aims to optimise yield farming and liquidity provision strategies in the decentralised finance (DeFi) ecosystem. The DeFi sector has exploded in popularity recently and, as a result, opportunities to earn an annual yield (interest) on cryptocurrency assets have increased. Beefy Finance is a DeFi service that removes the stress of this process and allows users to compound interest on their tokens through automated yield farming. According to Beefy Finance’s documentation, the network is multi-chain compatible, which means it is not limited to one blockchain network. This allows for a vast number of yield optimisation strategies across blockchains like Ethereum, Binance and Polygon. Beefy Finance’s system is unique relative to other players in the field due to the “vault” system. Vaults automatically determine the best yield from DeFi platforms across multiple networks and can perform a number of automatic functions. This removes a lot of decision-making for yield farmers. BIFI is the token native to the Beefy Finance platform. Token holders can vote on platform development proposals and stake tokens on the platform to earn additional interest.

Beefy.Finance (BIFI) is the 310th largest cryptocurrency in the world by market cap, valued at $159,933,037. The current price of Beefy.Finance is $2048.98, which is 9.459% higher than yesterday. Prices have ranged between $2165.26 and $1799.7 over the past 24 hours. All prices are listed in US dollars and accurate as of January 29, 2022 07:01 UTC.

Where to buy Beefy.Finance

Find an exchange to buy, sell and trade BIFI by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

353
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

961
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Liquid Cryptocurrency Exchange & Margin Trading
Bank transfer, Cryptocurrency, SWIFT, Credit or Debit Card, SEPA
AUD, EUR, JPY, USD, SGD, PHP, HKD

128
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto.
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Beefy.Finance at a glance

Information last updated January 29, 2022 07:01 UTC.
Coin symbol BIFI
Coin Marketcap US$159,933,037
Total BIFI supply 80,000
Circulating BIFI 78,000
Current price US$2048.98
All time high US$4,116.95

Beefy.Finance price performance over time

Historical prices compared with the price of US$2048.98.

1 hour 0.06%
24 hours 9.46%
7 days 45.91%
14 days 44.41%
30 days 75.83%
60 days 60.38%
200 days 122.93%
1 year 266.61%

How to sell Beefy.Finance

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

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

What to consider when buying Beefy.Finance

Before purchasing the BIFI token, it is always worth researching both the token and the associated platform to assess the risks and see what factors may influence its price.
  • Circulation. At launch, the maximum supply of BIFI was capped at 80,000 tokens. As of June 2021, 72,000 of those coins are already in circulation, distributed among 16,277 holders. This represents 95% of the total supply.
  • Competition. Adapting to the ever-evolving cryptocurrency market is an important element of the success of the platform. Yield farming has become popular and Beefy Finance is smartly snapping up this market gap. However, it is not the only blockchain-based service with this idea. Competitors include Yearn.finance, Pickle, Autofarm and Idle. How they innovate and outmanoeuvre the competition will be important
  • Risk. Buying BIFI coins from a decentralised exchange (DEX) and holding them in a wallet presents no greater risk than any other cryptocurrency. However, yield farming is a relatively new exercise and is yet to stand the test of time. There is also no guarantee on returns. Active yield farmers can lose money on their investments. Even though automated yield optimisers intend to mitigate this risk, there are no guarantees. If yield farming fell in popularity, so too would the viability of Beefy Finance and the use of the BIFI token.

Disclaimer: Cryptocurrencies, including Beefy.Finance, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BIFI 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 Beefy.Finance or any other cryptocurrency discussed.


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