The newest talk of the DeFi (Decentralized Finance) town, has every crypto investor yearning to know more.

For starters, the YFI is the native digital currency of the protocol. Running on Ethereum protocols, Yearn Finance is a DeFi platform where you can stake and deposit ERC20 Tokens in return of daily interest. This is achieved by allotting the capital to staking pools that offers the best valued returns from across the network. logo logo

If you're interested to trade this crypto with eToro, then continue reading our guide so you will be aware of all the investment opportunities that you can do with this broker.

🏷️ Crypto Name
🚩 Symbol YFI
💰 Minimum Investment $10
🏷️ Buy/Sell Fee 1%
⌚ Market Open 24/7
eToro Trading Details

Already thinking of investing in

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How to Buy/Trade on eToro?

Please note that in order to trade or buy with eToro, you need to follow these steps after opening a funded eToro account:

  1. On your eToro dashboard, click "Trade Markets".
    Clicking "Trade Markets" on eToro
    Clicking "Trade Markets" on eToro
  2. Select "Crypto".
    Selecting "Crypto" on eToro's Markets screen
    Selecting "Crypto" on eToro's Markets screen
  3. Scroll down to look for "YFI".
    Looking for on eToro's list of crypto assets
    Looking for on eToro's list of crypto assets
  4. Click "Buy" and set the amount you want to invest.
    Buying (YFI) on eToro's platform
    Buying (YFI) on eToro's platform
  5. Click "Open Trade".
    Executing YFI buy order on eToro
    Executing YFI buy order on eToro

Minimum Amount for Buying YFI

A minimum investment amount of $10 is required to buy or trade the YFI cryptocurrency with eToro.

Important: The minimum investment amount for YFI may vary depending on the regulations in your region. To confirm the exact minimum amount required for investing in YFI, we recommend checking eToro's website for the terms and conditions or contacting their customer support team for further clarification.

How to Sell (YFI) on eToro?

To sell your on eToro, you will need to close your current open position. To do this, navigate to your portfolio and select the open YFI position. You can then click on the "Close Trade" button or the red X button. If you have multiple open YFI positions, you have the option to close a few of them or all of them.

After closing your position, the initial investment along with any profits or losses will be credited back to your account. This process is commonly referred to as "shorting" in trading.

Fee for Buying or Selling

When purchasing on eToro, you become the owner of the asset, and it is important to note that there is a 1% fee charged for buying or selling YFI tokens. This fee is already factored into the market price displayed when opening or closing a position, meaning it is included in the Bid-Ask spread.

Reminder: When you initiate a new position, you may initially notice a loss in the position. This is because the displayed Profit & Loss (P/L) incorporates both the 1% buy fee you paid and the additional 1% sell fee that you will incur when closing the position.

How to Copy Traders on eToro?

To start copying other traders on eToro, you first need to create an account and complete the verification process. This will entail submitting your personal information, verifying your identity, and completing a questionnaire to evaluate your trading experience and risk tolerance.

Once you have completed these steps, you can follow these instructions to begin copying:

  1. Browse the eToro platform and identify traders you want to copy.
  2. Click on the "Copy" button on the selected trader's profile.
  3. Choose the amount of funds you wish to allocate for copying the trader.
  4. Set your preferred Stop Loss and Take Profit parameters.
  5. Click on "Copy" to start copying the selected trader.
eToro Fact

YFI Copy Trading - Did You Know?

Copying experienced YFI traders on eToro still carries certain risks, and there is no assurance that the trader you choose to copy will make profitable trades. Nonetheless, by carefully selecting traders with a demonstrated history of success and by diversifying your portfolio, you can potentially mitigate your risks.

Analyzing on eToro

eToro provides a range of tools and features for analyzing and other cryptocurrencies. Here are some of the essential tools for analyzing this cryptoasset with this broker:

  1. Price Charts
    They provide detailed price charts for YFI, which can be customized to display different timeframes and technical indicators. You can use this to identify trends and potential entry and exit points for your trades.

  2. Technical Analysis Tools
    In addition to price charts, there are also a variety of technical analysis tools, such as trendlines, moving averages, and oscillators. These tools can help you recognize patterns and potential trading opportunities in's price movements.

  3. News and Market Sentiment
    The trading platform has real-time news and market sentiment data for and other cryptocurrencies. You can utilize this so you can stay up-to-date on important developments and market trends that may impact YFI's price.

  4. Social Trading
    Using eToro's social trading feature allows you to follow and copy the trades of other successful traders on the platform. This can be a very valuable tool especially if you are new to the market or looking for new investment ideas.

How eToro Ensures the Security of Your Holdings

If you are holding (YFI) on eToro, it's important to understand the measures that this broker takes to ensure the safety of your holdings.

  • Regulated by Financial Authorities
    One of the primary ways that eToro ensures the security of your holdings is through regulation by financial authorities. The company is regulated by several leading authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). These regulatory bodies oversee eToro's operations and ensure that the company meets strict standards for security and financial stability.

  • Two-Factor Authentication
    They require all users to set up two-factor authentication (2FA) to access their accounts. 2FA adds an extra layer of security to your account by requiring you to enter a code sent to your mobile phone in addition to your password. This can help prevent unauthorized access to your account and your holdings.

  • Secure Storage
    All holdings are stored in secure, offline wallets that are protected by advanced security measures, including encryption and multi-signature technology. This means that your YFI holdings are not accessible through the internet, making them less vulnerable to cyberattacks.

  • Insurance Coverage
    eToro also provides insurance coverage for its users' holdings. The company has a comprehensive insurance policy that covers all user funds, including holdings, in the unlikely event of a security breach.

  • Ongoing Security Monitoring
    They employed a team of security experts who continuously monitor the platform for potential security threats. The company uses advanced monitoring tools and protocols to detect and prevent unauthorized access, hacking attempts, and other security risks.

Here's the deal:

The measures outlined above are just a few of the ways that the company ensures the safety of your holdings. This will give you peace of mind when trading and other assets on their platform.

eToro's Wallet

eToro offers a crypto wallet service and this via an app, which can be installed on tablets or smartphones running on Android or iOS. It provides high-level security and can be downloaded for free.

eToro Wallet app
eToro Wallet app

This secure and accessible multi-cryptocurrency digital wallet can store over 120 cryptocurrencies, including YFI. You will be able to buy, store, receive and transfer all your cryptocurrency here.

Interested to have your own eToro Wallet? Click on the button to get started.

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Benefits of the eToro Wallet

Listed below are some of the advantages of using the YFI crypto wallet from eToro:

  • User-Friendly
    It is very user-friendly, making it easy for both new and experienced users to manage their YFI holdings. The interface is simple and intuitive, with clear instructions on how to use the features.

  • Security
    It has top-level security features to keep your assets safe. It uses multi-signature technology to protect against unauthorized access, ensuring that only you can access your YFI holdings.

  • Convenience
    You can easily manage your YFI holdings without the need for third-party services or external wallets. This makes it a convenient option especially if you prefer to keep your holdings on the platform platform.

  • Integration with the Trading Platform
    The wallet service is fully integrated with eToro's trading platform, allowing you to easily move this cryptoasset between your trading account and the wallet. This means that you can quickly and easily manage your YFI holdings without having to leave eToro.

How to Create a YFI Wallet on eToro?

To open a YFI crypto wallet with eToro Money, you will need to transfer your existing YFI positions via the eToro trading platform under your name to the crypto wallet under the same account. The good news is that you won't incur any fees opening a YFI wallet and transferring the YFI crypto to this wallet.

eToro Wallet app
eToro Wallet app

How to Transfer from eToro Wallet to a Wallet?

If you have purchased YFI on eToro and would like to transfer it to a third party wallet, you can follow these steps:

  1. Obtain the Personal Wallet Address
    You will need to obtain the wallet address from the third party wallet service provider. This is a unique string of characters that identifies your wallet on the blockchain. Make sure to verify the wallet address and ensure that it is correct.

  2. Log in to eToro and Navigate to the Portfolio Page
    Log in to your eToro account and navigate to the portfolio page. Find the (YFI) investment you would like to transfer to your personal wallet and click on it.

  3. Click on "Send"
    Click on the "Send" button, which is located next to the investment.

  4. Enter the Transfer Amount and Personal Wallet Address
    Enter the amount of YFI you would like to transfer to your personal wallet and the personal wallet address you obtained in step 2.

  5. Check and Confirm the Transfer
    Check the transfer details to ensure that the amount and wallet address are correct. Once you have verified the details, click on the "Send" button to confirm the transfer.

  6. Wait for the Transfer to be Completed
    The transfer from eToro to your personal wallet may take several minutes to several hours to complete, depending on the current network congestion and other factors.

Fee for Transferring from Trading Account to Wallet

A fee is applicable when transferring (YFI) from the eToro trading platform to the eToro Money wallet. The current fee rate for such transfers is 2%, and the fee is deducted in units. For instance, if you transfer 100 YFI from your eToro investment account to the eToro Money wallet, the fee will be 2 YFI.

It's important to note that eToro retains the right to modify its fees at any time, so it's prudent to review the current fee structure on eToro's website before initiating a transfer.

So, are you more interested now to trade You can get started here.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

77% of retail investor accounts lose money when trading CFDs with this provider You should consider whether you can afford to take the high risk of losing your money.