How to buy Yieldly (YLDY) in Australia

Learn how to buy Yieldly (YLDY) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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Where to buy Yieldly in Australia

Unfortunately, at this time no major exchanges in Australia offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

It looks like YLDY may not be available to purchase on an exchange in Australia.

You can still purchase YLDY by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase YLDY using a decentralised exchange.
  1. Find YLDY on a decentralised exchange and make sure Yieldly can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for YLDY using an exchange like . You will need to purchase enough ETH to swap for YLDY as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for YLDY on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the YLDY tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Australia.

What to consider when buying Yieldly

Like with any investment, due diligence should be performed prior to purchasing an asset. This is particularly important when it comes to cryptocurrency, as they are quite risky and volatile in nature. If you wish to purchase YLDY, here are some factors to consider:

  • Platform development. A major feature of the Yieldly platform is the team’s desire to constantly develop new use-cases and DeFi services. The successful implementation of these new functions will go a long way to keeping Yieldly relevant and successful long-term. Some significant projects include the addition of an NFT marketplace, integration of cross-chain bridges and NFT staking.
  • Competition. At face value, DeFi platforms that offer liquidity, earnings and trading services are extremely common throughout the cryptocurrency ecosystem. While competitors such as PancakeSwap already have a well-established userbase, Yieldly’s point of difference may give it an edge. Potential investors may want to watch the development of other Alogrand-based DeFi protocols to ensure Yieldly remains competitive.
  • Whitepaper. The Yieldly platform and website does not have a whitepaper divulging details on tokenomics or other factors relating to the project. This may be off-putting to investors who prefer a deeper understanding of the technology and economic foundation of cryptocurrencies. If you want further information, it’s worthwhile checking out the Yieldly telegram and contacting a member of their development team.

How to sell Yieldly

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

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

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

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