How To Buy YooShi (YOOSHI)?
A common question you often see on social media from crypto beginners is “Where can I buy YooShi?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process.
Step 1: Create an account on an exchange that supports YooShi (YOOSHI)
First, you will need to open an account on a cryptocurrency exchange that supports YooShi (YOOSHI).
We recommend the following based on functionality, reputation, security, support and fees:
1
MEXC
Fees (Maker/Taker) 0.2%*-0.2%*
Cryptocurrencies
Available for Trade 1500+
Sign-up bonus
10% reduced trading fees & up to $170 in USDT vouchers*
Available in
North America, South America, Europe, Asia, Oceania, Africa
2
Gate.io
Fees (Maker/Taker) 0.2%*-0.2%*
Cryptocurrencies
Available for Trade 1000+
Sign-up bonus
Up to $100 in USDT vouchers*
Available in
Europe, Asia, Oceania, Africa
In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.
Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.
Step 2: Deposit funds into your account
Many cryptocurrency exchanges will allow you to purchase YooShi (YOOSHI) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.
Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.
Step 3: Buy YooShi (YOOSHI)
This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for YooShi (YOOSHI) or YooShi (YOOSHI) trading pairs. Look for the section that will allow you to buy YooShi (YOOSHI), and enter the amount of the cryptocurrency that you want to spend for YooShi (YOOSHI) or the amount of fiat currency that you want to spend towards buying YooShi (YOOSHI). The exchange will then calculate the equivalent amount of YooShi (YOOSHI) based on the current market rate.
Note: Make sure to always double-check your transaction details, such as the amount of YooShi (YOOSHI) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.
How to create a Gate.io account
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Step 1: Go to the Gate.io website.
Step 2: Choose your username, your email address and your password. Then check “I certify that I am 18 years of age or older, and I agree to the Gate.io User Agreement Privacy Policy” and click “NEXT”.
Step 3: Set your fund password and click “Create account”.
Note: Your fund password must contain at least 6 characters and can not be the same as your login password.
Step 4: An activation email will be sent to your email address. Complete the rest of the registration process by following the instructions in the email to activate your account. Once this is done done, click “Email activated, please log in”.
How to complete KYC (ID Verification) on Gate.io
In order to ensure the safety of your assets, and to reduce fraud, money laundering, blackmail, and other illegal activities, Gate.io makes it mandatory that all users obtain KYC ID Verification. Only after your account has obtained KYC ID verification, can you withdraw funds or use credit cards or debit cards to buy cryptocurrencies.
Step 1: Log in to your Gate.io account.
Place your cursor on the top-right profile icon and go to “KYC (ID Verification)”
Step 2: Click “Individual (Verify now)”
Step 3: Select your country, input your full legal name (twice), fill in your ID information, upload photos of both sides of your ID card, and a photo of you holding your ID together with your User ID (UID) for Gate.io. You will see your User ID by placing the cursor on the top-right profile icon on the main page. Make sure everything is filled in correctly and then click on “Confirm and Submit”.
Step 4: After you have submitted all the requested information, you will see the pending approval.
Approval can take anywhere from a few hours to a few days to complete.
Once the KYC is approved, you’re ready to make your first cryptocurrency purchase.
How to buy cryptocurrency on Gate.io
Step 1: Log in to your Gate.io account.
Then in the Menu Bar at the top of the page, click “Buy Crypto” and select “Credit Card”.
Step 2: Enter the amount you wish to spend in the “Buy with Fiat Currency” tab and select the cryptocurrency that you want to buy under the “Currency Purchased” field. Then select one of the “Service Providers” below and click the “Place Order” button to enter the confirmation page.
Note: You might not be able to purchase every cryptocurrency directly using fiat, if you’re looking to purchase something that isn’t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.
Step 3: On the confirmation page, select “Buy Crypto” or the “Create Order” button to complete the payment.
Note: To ensure a quick and secure way of receiving the order, users might need to conduct an additional Identity Verification (KYC) with a third-party service provider. Once successfully verified, the service provider will immediately transfer the cryptocurrencies to your Gate.io account.
How to Conduct Spot Trading on Gate.io
Step 1: Log in to your Gate.io account.
Click on “Spot Trading” under “Trade” on the top navigation bar.
You can either choose “standard” or “professional” version. This tutorial uses the standard version.
Step 2: Search and enter the cryptocurrency you want to trade.
Step 3: Set buying/selling prices and buying/selling amount (or exchange total). Then click on “Buy”/”Sell”.
(Note: The percentages under the “Amount” box refer to percentages of the total account balance.)
Step 4: If you don’t want to set a manual price, you can click on the last prices on the order book to set the buying/selling price automatically.
Step 5: Confirm the price and amount. Then click on “Place Order” to place the order, followed by “Confirm Order” to confirm it.
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Alternative ways to buy Yooshi (YOOSHI)
Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:
1
Binance
Fees (Maker/Taker) 0.075%*-0.1%*
Cryptocurrencies
Available for Trade 500+
Sign-up bonus
10% reduced trading fees*
Available in
Europe, Asia, Oceania, Africa
2
Bybit
Fees (Maker/Taker) 0.1%*-0.1%*
Cryptocurrencies
Available for Trade 400+
Sign-up bonus
$30,000 sign-up bonus*
Available in
Europe, Asia, Oceania, Africa
3
MEXC
Fees (Maker/Taker) 0.2%*-0.2%*
Cryptocurrencies
Available for Trade 1500+
Sign-up bonus
10% reduced trading fees & up to $170 in USDT vouchers*
Available in
North America, South America, Europe, Asia, Oceania, Africa
How to create a Binance account
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Step 1: Go to the Binance website.
Step 2: On the registration page, enter your email address, and create a password for your account.
Then, read and agree to the Terms of Service and click “Create Account”.
Note: Your password must be a combination of numbers and letters.
It should contain at least 8 characters, one UPPER CASE letter, and one number.
Step 3: Complete the Security Verification.
Step 4: The system will send a verification code to your email. The verification code is valid for 30 minutes. If you can’t find the email in your inbox, check your other mail folders as well, or click “Resend Email” to resend.
How to complete KYC (ID Verification) on Binance
Step 1: Log in to your Binance account and click “User Center” and then “Identification”.
Step 2: click “Start Now” to verify your account.
Step 3: Select your country of residence.
Ensure that your country of residence is consistent with your ID documents.
Step 5: Enter your personal information and click “Continue.”
You won’t be able to change it once confirmed.
Refer to the respective options offered for your country.
Step 7: Follow the instructions to upload photos of your document. Your photos should clearly show the full ID document.
Do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient.
Once your application has been verified, you will receive an email notification.
How to buy cryptocurrency on Binance
Step 1: Log in to your Binance account and click “Buy Crypto” and then “Credit/Debit Card”.
Step 2: Here you can choose to buy crypto with different fiat currencies. Enter the fiat amount you want to spend and the system will automatically display the amount of crypto you can get. When you have selected the amount you wish to spend then press “Continue”.
Note: You might not be able to purchase every cryptocurrency directly using fiat, if you’re looking to purchase something that isn’t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.
Step 3: Click “Add New Card”. Then enter your credit card details and your billing address.
Step 4: Check the payment details and confirm your order within 1 minute. After 1 minute, the price and the amount of crypto you will get will be recalculated. You can click “Refresh” to see the latest market price. You will then be redirected to your bank’s OTP Transaction Page. Follow the on-screen instructions to verify the payment.
How to Conduct Spot Trading on Binance
Step 1: Log in to your Binance account.
Click on “Classic” under “Trade” on the top navigation bar.
Step 2: Search and enter the cryptocurrency you want to trade.
Step 3: Set buying/selling prices and buying/selling amount (or exchange total). Then click on “Buy”/”Sell”.
(Note: The percentages under the “Amount” box refer to percentages of the total account balance.)
Step 4: If you don’t want to set a manual price, you can place a “Market Order” to set the buying/selling price automatically.
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For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out.
Simplecryptoguide.com
What Is YooShi (YOOSHI)?
YooShi aims to create a bridge between Play-to-Earn (P2E) games and players, allowing them not only to enjoy the games but also to profit from playing them. The YooShi metaverse offers various features and services:
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Gamepad: This is an Initial DEX Offering (IDO) launchpad that enables GameFi developers to raise funds by pre-selling unique in-game assets as NFTs.
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Yooshi Labs: This is an independent game incubator that offers complete GameFi design and technical support, helping game developers quickly develop their blockchain games.
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NFT Marketplace: A platform for trading NFTs, which can represent in-game assets or other digital collectibles.
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Guild Alliance (P2EGA): A Play-to-Earn game designed to engage players in a rewarding gaming experience.
YooShi incorporates a burning mechanism that exponentially reduces its total circulating supply. It combines this burning mechanism with an innovative auto-liquidity function and NFT integration, allowing YooShi liquidity to grow rapidly.
YooShi is a highly decentralized and community-driven Meme coin that gained popularity in the first half of 2021. Its name and image were inspired by Yoshi, the dinosaur character from the Super Mario game series.
YooShi aims to evolve as the community grows, building the world’s largest blockchain game metaverse entirely owned and operated by users. Game developers can publish their games and community tokens through YooShi, benefiting their fans. The future YooShi metaverse will consist of numerous sub-blockchain game metaverses built by community users, enabling players to participate in a new Play-to-Earn economic model, enjoying the games while earning money.
YooShi Transaction Burn
YooShi incorporates a transaction burn mechanism with a 10% fee on each trade. This fee is distributed in the following manner:
- 4% fee is redistributed to all existing holders, rewarding them for holding YooShi tokens.
- 3% fee is allocated to NFT Farming, supporting the growth and development of the NFT ecosystem within YooShi.
- The remaining 3% fee is split 50/50: a. Half of the fee is sold by the contract into $BNB (Binance Coin). b. The other half is paired automatically with the $BNB acquired and added as a liquidity pair on PancakeSwap.
This transaction burn mechanism not only benefits existing holders through redistribution but also supports the NFT ecosystem and maintains liquidity on the PancakeSwap decentralized exchange.
YooShi Token Burn
As of the 10th of October, YooShi confirmed that over 59% of the total supply of $YOOSHI tokens had been burned. At that time, the total supply was 1,000,000,000,000,000 tokens. This token burn is a deflationary mechanism designed to reduce the overall supply of YooShi tokens in circulation and increase their scarcity and value.
Who are the founders of YooShi?
YooShi is a community-driven project, and the original founders have chosen to remain anonymous. This is not uncommon in the world of decentralized cryptocurrencies, as it can emphasize the decentralized nature of the project and put the focus on community involvement and development.
There was no presale or team allocation for the YooShi token, further highlighting its community-led approach. The project claims to be secure and “unruggable” due to the burning of contract ownership, which means that no single individual or entity has control over the smart contract, reducing the risk of malicious actions or exploitation.
YooShi Ecosystem
YooShi NFT Trading Market
The YooShi NFT Trading Market is a platform within the YooShi ecosystem that allows users to buy, sell, and auction non-fungible tokens (NFTs). The market is divided into two sectors: trading and auction.
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Trading: In the trading sector, NFT holders can list their NFTs at a specific price, allowing other players to purchase them directly.
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Auction: In the auction sector, NFT holders can list their NFTs for auction, and interested bidders compete to acquire the NFT by placing progressively higher bids. Each new bid must be at least 10% higher than the previous bid. Even if a bidder does not win the auction, they will receive 20% of the next bidder’s premium as a reward. The NFT holder, who listed the asset, will receive 80% of the premium.
The YooShi NFT Trading Market charges a 3% service fee to the seller in the auction sector, while the fees collected from the trading market are redistributed in the following manner: 50% is sent to the black hole address for burn, 40% is injected into the YooShi NFT Farming Pool, and 10% goes to the developer.
YooShi Farms
To participate in YooShi Farms, follow these steps:
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Acquire the necessary tokens: First, you need to have YOOSHI tokens and other tokens from the incubation projects, such as DXCT, SMON, etc. You can obtain these tokens through decentralized exchanges like PancakeSwap.
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Provide liquidity: Go to PancakeSwap and add liquidity to the desired trading pair (e.g., YOOSHI/BNB, DXCT/BUSD, or SMON/BUSD). In return, you will receive LP (Liquidity Provider) tokens.
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Connect your wallet: Visit the YooShi platform and connect your compatible wallet (such as MetaMask) that holds your LP tokens.
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Stake your LP tokens: Once connected, find the YooShi Farms section on the platform. Choose the farm you want to participate in and follow the on-screen instructions to deposit your LP tokens into the selected farm.
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Earn rewards: After successfully staking your LP tokens, you will start earning rewards in the form of project tokens (such as YOOSHI, DXCT, or SMON). The rewards are determined by the algorithm mentioned in your text.
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Optional – Use Genesis NFTs to accelerate rewards: If you have the corresponding project’s Genesis NFTs, you can stake up to 5 of them to accelerate your LP rewards and increase your income.
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Claim rewards: Once you’ve accumulated rewards, you can claim them and withdraw them to your wallet.
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Unstaking LP tokens: When you want to withdraw your LP tokens, you may be charged a fee based on the staking time. The fee will be transferred to the Community Treasury.
YooShi NFTs
To get YooShi NFTs, you can typically participate in events, campaigns, or purchase them on the YooShi NFT marketplace. YooShi NFTs are divided into YooShi Family NFT, YooShi Friends Fragment NFT, and YooShi Friends NFT. Keep an eye on YooShi’s official announcements, social media channels, and their website for more information on how to obtain these NFTs.
To participate in NFT mining, follow these steps:
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Acquire YooShi NFTs: First, you need to have YooShi NFTs in your possession. As mentioned earlier, you can obtain them through events, campaigns, or by purchasing them on the YooShi NFT marketplace.
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Connect your wallet: Visit the YooShi platform and connect your compatible wallet (such as MetaMask) that holds your YooShi NFTs.
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Stake your NFTs: Once connected, find the NFT staking section on the YooShi platform. Choose the NFT you wish to stake and follow the on-screen instructions to deposit it into the NFT pool. Different NFTs have different mining powers, which affect the rate at which you earn $YOOSHI tokens.
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Earn rewards: After successfully staking your NFTs, you will start earning $YOOSHI tokens based on the mining power of your staked NFTs. You can monitor your rewards on the platform.
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Claim rewards: Once you’ve accumulated rewards, you can claim them and withdraw them to your wallet.
Remember that the YooShi platform and ecosystem may change over time. Always refer to their official documentation, announcements, and guides for the most accurate and up-to-date information on obtaining NFTs and participating in NFT mining.
Yooshi development updates in 2023
Yooshi, a decentralized finance (DeFi) ecosystem built on the Binance Smart Chain, has seen significant developments in 2023. Here’s an overview of the most important updates:
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Staking and Farming Features: Yooshi has enhanced its staking mechanisms, enabling users to earn rewards by holding tokens. It also offers yield farming opportunities by providing liquidity to the YOOSHI/BNB liquidity pool on PancakeSwap.
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Community-Driven Governance: The platform has implemented a community-driven approach to governance, allowing token holders to vote on platform proposals and decide its future direction.
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Token Burn Mechanism: A portion of Yooshi tokens is periodically removed from circulation, aimed at increasing the value of the remaining tokens.
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NFT and GameFi Integration: As a part of its commitment to becoming a leading blockchain gaming NFT metaverse, Yooshi has integrated NFT (Non-Fungible Tokens) and GameFi elements. It aims to provide an open platform for developers to launch and promote their games to Yooshi’s user base.
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Metaverse and Blockchain Game Developments: Yooshi has transformed into a blockchain game metaverse platform, launching games like DNAxCAT and StarMon. These games have achieved impressive results, with DNAxCAT once ranking among the top three blockchain games.
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Economic Model and Token Utility: The Yooshi ecosystem continues to support YOOSHI and YooShi Family NFT holders, offering staking for mining and participation in new games. The economic activities in the ecosystem contribute to the continuous burn of YOOSHI tokens, promoting its deflation and enhancing its value potential.
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Security and Audits: Yooshi, being a BEP-20 token on the Binance Smart Chain, benefits from the chain’s security protocols. Its network security is maintained by a proof-of-stake consensus mechanism.
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Partnerships and Community Engagement: Yooshi is actively building partnerships with game manufacturers and institutions, potentially introducing new blockchain games. It also aims to energize its community further through the upcoming Yooshi DAO.
These developments mark significant strides in Yooshi’s evolution, expanding its functionalities and strengthening its position in the DeFi and blockchain gaming sectors.
Official website: https://yooshi.io/index
Best cryptocurrency wallet for yooshi (yooshi)
There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.
HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for yooshi (yooshi)?
Deciding which type of wallet to use depends on a variety of factors, including:
- How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades.
- What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
- Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
- How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
- What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.
For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.
If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.
Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).
Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).
Market Overview
Coinmarketcap.com
Coinmarketcap will be your cryptocurrency go-to for just about everything. Here you can see the following:
Market Capitalization And Daily Trading Volume
Current Market Price Of Every Cryptocurrency Relative To USD (And Some Local Currencies)
Circulating And Total Supply
Historical Charts With Prices Relative To USD, Bitcoin (BTC), And Ethereum (ETH).
