How to buy Harvest Finance (FARM) in Australia
A beginner's guide to buying and selling FARM in Australia.
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How to buy Harvest Finance
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Harvest Finance.
- Open an account on an exchange that supports FARM.
Jump to our instructions to learn how to bridge — just remember that using a DEX can be complicated and may be more risky than using a CEX.
- 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 Harvest Finance.
- Buy Harvest Finance.
Complete your Harvest Finance purchase and then find the best wallet to store FARM.
What is Harvest Finance?
Harvest Finance is a yield farming aggregator. It works by letting users pool their funds together, which the protocol then invests into various yield farming strategies to get the best returns according to a pre-programmed strategy. It does so by automatically switching between various DeFi protocols, saving users the hassle of having to chase the highest paying strategies themselves. Doing so reduces gas fees for the individual, as well as helps deliver substantial returns without the need for constantly switching between farming protocols. FARM tokens can also be earned by simply using the platform and depositing various assets.
Harvest Finance (FARM) is the 462nd largest cryptocurrency in the world by market cap, valued at $105,617,229. The current price of Harvest Finance is $171.19, which is 2.241% higher than yesterday. Prices have ranged between $171.61 and $166.55 over the past 24 hours. All prices are listed in US dollars and accurate as of October 26, 2021 11:10 UTC.
Where to buy Harvest FinanceIf FARM is not available on exchanges in your local market, then you may need to use a decentralised exchange (DEX). Decentralised exchanges run on blockchains like Ethereum and allow users to trade directly with one another without the need for a middleman.
Decentralised exchanges are unregulated and run on autonomous pieces of code known as dApps. To use a dApp you interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.
- Find FARM on a decentralised exchange and make sure Harvest Finance can be traded for ETH which is the native asset of Ethereum. Popular DEXs include:
- Buy ETH to trade for FARM – you can find check a list of exchanges that sell ETH.
- Transfer the ETH into a personal wallet to trade for FARM using a web 3.0 wallet like MetaMask to connect to the DEX.
Is it a good time to buy Harvest Finance?
The technical analysis gauge for Harvest Finance displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Harvest Finance based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Harvest Finance: moving averages, oscillators and pivots. Finder is not responsible for how FARM performs.
Harvest Finance at a glance
|Total FARM supply||663,827|
|All time high||US$5,078.47|
Harvest Finance price performance over time
How to sell Harvest Finance
You can cash out your FARM with the same exchange you bought it through:
- Sign in to the exchange you have FARM on.
If you store your Harvest Finance in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of FARM you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Harvest Finance.
What to consider when buying Harvest FinanceYield farming is a particularly high-risk part of the cryptocurrency ecosystem due to potential vulnerabilities in code or unscrupulous developers. This was highlighted in October 2020 when the Harvest Finance was the victim of a hack that saw $24 million stolen from the platform. Before buying FARM tokens, consider the following:
- Counter-party risk: Harvest Finance is a yield aggregator, which means that it takes users funds and deposits them on various other platforms to earn interest. This means that users’ funds are exposed to several other platforms in addition to Harvest, which may have their own set of vulnerabilities and risks.
- Competition: Yield aggregators have become a common part of the DeFi landscape, and the tokens associated with them can be highly lucrative. As such, many copycat aggregators have emerged looking to capitalise on the trend. Anyone considering buying FARM tokens should be aware of competitors such as Yearn Finance, 1INCH and Rari Capital.
- Token supply: FARM tokens can be purchased on the open market or earned by using the platform. Tokens were first distributed on 3 September 2020 via an airdrop, which distributed roughly 180,000 tokens over four weeks. The total supply of tokens is capped at 690,420, which are planned to be distributed via protocol rewards over the first four years of operation.
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Disclaimer: Cryptocurrencies, including Harvest Finance, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of FARM 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 Harvest Finance or any other cryptocurrency discussed.
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