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If you are trying to buy Yearn Finance (YFI) in Singapore, there are several questions you may have, and points to consider prior to making your purchase. This starts with the best place to buy Yearn Finance (YFI) in Singapore. Alongside this, you will want to get a lowdown on any crypto regulations as well as the tax implications of your investment.
These are all areas we will cover right here together with giving your our top 3 exchanges to buy Yearn Finance (YFI) in Singapore. If you want to learn more about Yearn Finance (YFI) please visit our Investing in Yearn Finance guide.
Best Places to Buy Yearn Finance in Singapore
Binance is one of the top names in the world when it comes to cryptocurrency exchanges. They are extremely well-trusted and regulated in Malta under the Maltese Virtual Financial Assets Act that provides traders with further protection beyond their excellent reputation.
You can now purchase Yearn Finance (YFI) and many of the other cryptocurrencies offered by Binance directly and instantly using your credit or debit card alongside a number of other convenient methods like a direct bank transfer. These fees are a little higher than using the exchange but still very competitive at between 1%-3.5% depending on the method. Trading with the exchange you will experience one of the lowest flat fees in the industry, from 0.1%.
If you do want to start trading here, you will find the verification process is also very fast and convenient. You can be fully verified in just a few minutes with an electronic upload of a couple of basic documents. Binance also features one of the widest ranges of crypto offerings available in the sector. You will find more than 100 of the most popular cryptocurrencies all available here along with many altcoins, and their own native Binance Coin (BNB).
They also provide an easy to use trading platform available with several different trading views you can tailor to your experience level.
At Binance you will also find: Hundreds of other cryptocurrencies to trade include all major coins and a huge range of altcoins.
Independent Reservice is an Australian exchange that offers an easy way to purchase Yearn Finance (YFI) and is extremely popular in Singapore. They currently have over 200,000 customers and are trusted by over 8,000 Self-Managed Super Funds.
The team is super transparent, and the CEO Adrian Przelozny is a board member of Blockchain Australia. They offer 24/7 responsive customer support and they are located at Level 26, 44 Market Street Sydney, 2000 New South Wales, Australia.
This exchange is extremely easy to use, and it allows you to buy directly with Singapore dollars.
At Independent Reserve you will also find: : Bitcoin (BTC), Ripple (XRP) and dozens of other cryptocurrencies.
KuCoin is a well-known name in the industry, and one of the most competitive in the sector when it comes to fees and trading costs. The exchange has grown exponentially from the early days of offering only crypto to crypto trading and they now offer a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
They currently offer Yearn Finance (YFI) cryptocurrency trading as well as over 300 other popular tokens. They are often the first to offer buying opportunities for new tokens.
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