Why buy yEarn with Kraken?

About yEarn

What can you do with yEarn?

Swap yEarn for other assets

Learn more about yEarn

1. How does yEarn work?

   Unlike traditional currencies, yEarn is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining yEarn. This decentralization means the holders and users of yEarn can help to maintain the network.

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2. Where can I buy yEarn?

   Most find that the easiest and most secure way to purchase yEarn is through a reliable cryptocurrency platform like Kraken. While yEarn can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like yEarn.

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3. How much does it cost to buy 1 yEarn?

   At the current market rate, it costs $12,106.88 to purchase one YFI. Kraken makes it easy to buy & sell yEarn with confidence.

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4. Can I buy $100 worth of yEarn?

   Yes, Kraken offers a secure and easy to buy $100 worth of yEarn. At its current price, $100 equals 0.0083 YFI.

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5. Is yEarn safe to buy?

   The yEarn price can change dramatically based on market conditions. You should do your own research on yEarn before buying.

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6. Is yEarn available to buy and sell in my country?

   To find out if Kraken offers yEarn in your region, please check our Support article to see what cryptoassets are available in your country.

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7. Is yEarn a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, yEarn may be a worthwhile purchase.

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8. Can I purchase yEarn using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. What are the transaction fees for buying yEarn?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of yEarn I can buy?

    You can buy as little as $10 worth of yEarn on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of yEarn regularly.

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11. Can I buy yEarn with a debit card?

    You can buy yEarn using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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12. Can I buy yEarn with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase yEarn using hundreds of other cryptocurrencies. Browse the yEarn markets available on Kraken to see how much it costs to buy yEarn with other cryptocurrencies.

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13. How can I keep my yEarn safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your yEarn. When you choose to keep your yEarn on Kraken, it is secured by our globally-recognized security standards.

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14. Will I owe taxes when buying and selling yEarn?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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15. Can I transfer yEarn from Kraken to my crypto wallet?

    Yes, the yEarn you buy on Kraken is yours. Kraken makes it easy to withdraw your yEarn to any hot wallet or cold wallet that supports yEarn. Simply enter the external wallet address and your yEarn will be in your wallet a few moments later.

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16. Is it safe to leave my yEarn on Kraken?

    We take every measure possible to keep the yEarn you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your yEarn. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of yEarn?

    The current circulating supply of yEarn is 33,523 YFI.

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