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Exactly. The only reason bulls that hate bears is because they don't bother to short. I don't mess with margins but there are other options to choose from that won't put you into extreme debt. MEXC offers etf short positions that fluctuate x times the price that are still considered spot market trading. No meed to risk money you don't have.
MEXC has been great for me, I don't know what people are on about?
I’d been interested in a couple of small cap punts lately, but have been struggling to bring myself to actually do it, after seeing the gas fees for sushiswap were $120 last week. There are smaller exchanges like MEXC, which might have the coins you’re looking for? At least that way it will just be transfers, which are a lot cheaper. I’ve never sent Tether anywhere (and I generally avoid using it), but I believe it’s on the Tron network, so fees shouldn’t be too bad if transferring it to some of the smaller exchanges.
YLDY on https://app.yieldly.finance/. Prime mover defi yield farming platform on Algorand blockchain which is a good layer 1 ETH and SOL competitor that hasn't mooned yet. I see good things ahead for its layer 2 rollups and YLDY is chief among those (think pancake swap/uniswap for eth). You can buy via MEXC exchange or buy algo and swap for yldy using Tinyman. https://app.tinyman.org/#/swap?
You should try MEXC. You'll love CDC after trying to use that hot mess!
Does anyone know why MEXC has BEAM withdraws suspended, it says 'maintenance' but its said that for 3 weeks.
AscendEX and MEXC - no KYC needed 👍
Binance, BitMart, and MEXC according to CoinMarketCap
I just did it on MEXC as well before I found out about tinyman. It's a total ass pain!
So I'm in the middle of using MEXC to buy Yieldly but honestly it makes me think there is a bright future for Tinyman. The whole process of buying Yieldly on MEXC was kind of a pain and it appears on Tinyman you can do it by just connecting your wallet. Seems pretty impressive
I'm a big Yieldly fan so I'll try to tackle the negative perspective instead. * It's young. That's great if you love risk, that's bad if you love risk. The platform has great security so that's not the risk I'm talking about. The risk lies in their next choices of partner ASA's for distribution. OPUL is a big hitter so it made sense to have them first out of the gate. SMILE is still a, "meh," sounding project so it doesn't help promote the overall perception of the project beyond establishing a track record of, "working correctly." The next 2 ASAs are Xfinity (some small scale Hulu/YouTube hybrid) start-up with very little info or hype. Both negatives in the crypto space. (Silence = Death) the 4th is ARCC which is a community benefit bounty program in South-East Asia. I've tried to get more info about ARCC but it really doesn't seem to be much beyond a mixture of Meals-on-Wheels + Boy Scouts + Salvation Army + Social Credit Score. I honestly don't know how to gauge it's, "importance." The early days of any project are always critical and it's a balance between, the constantly running hype-train and rest stops in Value Town. All it takes is a minor speed bump to disrupt that flow and it could easily translate into a severe price depreciation. * The earliest of adopters still have ***MASSIVE*** bags. When the project launched on DaoMaker, coins sold for $0.002 each. When it launched on MEXC (where most Non-American investors made their positions) it shot up to $0.006 where American whales took their positions) and currently \~$0.02 (where it is now). Many people incorrectly state that the $0.02 sell wall is some kind of last bastion for whales. It's not. We are still massively in the green and have the quads to still move the market as wanted. * The biggest payout currently is still Stanley Nickels. Staking YLDY pays highly ... in more YLDY. That's great as long as YLDY is still worth something. If it tanks then, (Infinity x $0.00 =$0.00) That's why its absolutely critical that the partner ASAs have reliable value. If Stanley Nickels pay Moldy Bananas instead of Schrute Bucks; it's all for naught. * The NFT rewards are cool but inherently worthless. I'm a big collector of cardboard crack so I know what happens when hype phases die. Don't pay $10k for an 8-bit NFT unless you already have a sucker targeted who will pay you $11k. * The long-term plan to turn Yieldly into an American Legal version of DaoMaker still has a massive legal hurdle to face in the future and there still isn't any actual plan on how to beat it. DaoMaker is illegal because of the technicalities of the token distribution for projects not passing the 4th stage of the Howie test. The exact same problem facing tokens distributed by Ripple and their current ASA partner distribution system. (basically it's fine until you get caught) given how tiny the project is, getting hammered by any form of federal investigation would take them out in 1 shot, they are riding around with 1HP.
Before today you could only get it on MEXC, but since Tinyman dex went live this morning, you can get it there directly by swapping Algorand for it from your wallet. The best of all is it's super cheap to swap these coins since the Algochain is cheap, unlike those scam fees on the Uniswap/ETH Network.
Just the way I like it. Haha. Tinyman is a Dex for ALGO swaps. Very easy to use. MEXC is an exchange site. People who stake Yieldy bought on MEXC, but now they can swap for it on Tinyman. Kind of like Uniswap for ETH?
Tinyman is live! Smell ya later MEXC!
Me too. There’s plenty of other stablecoins that are less shady that could easily serve the same purpose. I only use Tether on one exchange (MEXC) because it’s my only option. Might send them an email just so their clients are concerned (not that it’ll do anything).
Hey man, just FYI Tinyman is live now so you can directly swap ALGO for Yieldly and Opulous now. So, so much easier and safer than MEXC and KuCoin.
Finally I can buy YDLY without signing up in MEXC
Tokenomics : Name: Morphie Network Ticker : MRFI Private sale price - $0.00022 Public sale price - $0.00022 Total Supply - 20000000000 Initial M.cap - $103400 IDO held on - Avaxlauncher Listing on MEXC Global and PancakeSwap Today 2pm UTC MOON SHEET ROI PRICE MARKETCAP 1X $0.00022 $103400 10X $0.0022 $1034000 50X $0.011 $5170000 100X $0.022 $10340000 500X $0.11 $51700000 1000X $0.22 $103400000
You can buy YLDY on MEXC, and you can buy OPUL on KuCoin. Honestly, the best method might be to buy Algo on a mainstream exchange like Coinbase and then stake it on Yieldly to earn YLDY, then stake YLDY to earn OPUL. Yieldly has an ALGO > YLDY swap on their road map that you could then use to get them outright. I think that is due Q4 of 2021.
Coly cow Polkastarter! Some seriously large buy order volume stacked up on MEXC. Rows of orders for 7000, 8000, 9000 unit orders. Big time bot buying in action! 🤷🚨
Agreed, one dollar is definitely hard to imagine, especially with more YDLY being released (Max is 10 billion). But I do consider the following: \- The current market cap is like around the 50 millionish, so there's a significant room to grow if the project becomes more popular. \- It's only on one exchange (MEXC) and with one pair (USDT), that exchange might I add is not even that popular, so I can only imagine what kind of volumes we'll see if it's ever listed on the likes of Binance, Coinbase, or Crypto\_com. \- This coin is not even 6 months old and not a lot of people know about it, yet the platform the team built is already pretty awesome. \- Speaking of team, they're very transparent and legit, they even got endorsements from ALGO. \- Its success depends a lot on the Algochain and I love ALGO's potential. With that said, a dollar would mean that it would need to reach a current market cap of around 3 billion, in today's popularity that would be a top-50 coin, which is definitely very doable, but considering that the max is 10 billion if all of it is released before it shoots up, it's gonna need a 10 billion market cap (That's top-20 coin today), which may seem like a tall order and it is, but there are always bull markets where things get out of hand. If Yieldly can reach the top-100 before the next bull run, I really like their chances of hitting the $0.50 to $1 range.
Hi OP: I've figured out how to add ASAs to my Algo web wallet, I think, and bought some YLDY on MEXC. But I have this lingering doubt: How do I know the YLDY I added was *really* YLDY? There were multiple choices, after all. What's the difference between them? I did pick the one with a check mark, lol. And the transfer has been successful, so there's that.
can confirm, it's a great time to dip your feet into yieldly if you believe in it after DYOR. last I checked that sell wall has stayed pretty consistent, but the main reason it doesn't crumble is because MEXC is pretty much the only place you can buy yieldly, it has one trading pair (usdt), and currently the exchange is small; if for example binance or coinbase listed yieldly, the sell wall would crumble inside of a couple of hours I bet.
Others mentioned MEXC and that is the most direct way. If that makes you skittish, I’d buy Algo on a mainstream exchange and stake it to earn Yieldly. Their roadmap suggests future ways to swap Algo for Yieldly directly on the site.
I wasnt sure about MEXC but I've been using it for 3 months now and its always been fast and easy to use. When they were having server issues, I sent them a support request and they got back to me really fast, though it was in Chinese. If you have Google translate its no issue
>ALGO to MEXC how you earning sir , how much you have invested ?
Check out the yieldly subreddit. It's an agreement with MEXC to be a vertically integrated launchpad for ASA's.
First time I've heard of MEXC. More exchanges with convenience are always good to me.
Yieldly actually has an ETH bridge. So you could swap on metamask but honestly with the fees I would avoid it. I generally buy some Algo on Coinbase pro, then send it to the MEXC exchange and trade ALGO->USDT, then USDT->YLDY. Then I send my YLDY to myAlgo wallet I have connected to Yieldlt and stake it. Let me know if that doesn't make sense, I can try to explain further.
Right now the easiest way imo is to send ALGO to MEXC, then trade ALGO->USDT, then USDT->YDLY. I have been making purchases frequently and the entire process only takes a couple of minutes, and the cost of transactions is tiny.
I’m glad you mentioned SMILE. I got in very early on that and it’s been fun watching it take off. It actually was listed on MEXC before Yieldly, but I am really enjoying the pool feature of Yieldly.
Kucoin, Gate.io, MEXC, PancakeSwap
MEXC is my favorite. It is also the initial DEX for ASAs that launch through Yieldly. Fast transfers. No KYC. No funny stuff. If anything is wrong they respond very quickly.
MEXC is awesome - great coin selection, great customer service always speedy to talk and do what they say, I sent 20k to the wrong address (got my matic and Eth mixed up) they recovered it no problem at all, took a month but they told me that up front, improvements needed in some other areas but they advised it’s on the way when I gave feedback.
MEXC is the best place for now, very low fees, with minimal KYC. I thought it seemed a little shady at first but its a very nice little exchange, I’ve started using them to buy other coins too
GAT - it’s a real hidden gem right now. Ridiculously talented hard working team, three products launched this year including a blockchain first, and ready to add some great features within a month. Alchemy Toys and Alchemy Arena are two NFT collection games sharing NFT collections. Then there’s Minted Vodka, their NFT marketplace, about to launch cross-chain NFTs, and finally Game Ace NFTs which are limited edition NFTs which are actually playable game cartridges - the NFTs are actual games. You want low market cap? This gem is sitting at $3 Million right now. Listed on MEXC, Bakeryswap & Pancakeswap. https://gat.network/
I bought into Bright Union when they first launched in August. They are a DeFi insurance aggregator like 1Inch is for DEX. Roadmap has planned support for multiple blockchains and numerous protocols. The Q4 goal is point of sale smart contracts at the supported protocols. Also Q4, the DAO Treasury will take risk positions in DeFi and offer diversified risk funds for DAO members, offering attractive returns for minimal risk. Very early. I have seen their developments being released quickly and the dapp UI looks nice. So I'm hoping it continues and DeFi insurance starts to pick up growth bc it needs to with all the exploits and hacks. Market cap is under $2M and like $25M fully diluted. 50x-100x is definitely possible. MEXC just listed Bright a day or two ago.
It seems like it's a problem on both. I'm on .com and had to sell and rebuild on MEXC
MEXC has a decent selection of niche stuff.
MEXC seems quite good, no KYC, with really low fees!
I think BXX is listed on MEXC. This is when i check my PLUG tokens. Baanx an asset management platform and Plugnet is a crosschain synthetic assets network. I see a bright future on these two
tldr; Blockchain platform Xfinite has announced its collaboration with Algorand Foundation, to build trust with public and permissionless infrastructure for a borderless economy. The platform aims to encourage blockchain mass adoption and revolutionize digital media through innovation using customer experience, data-driven engagement, and ecosystem economics to support community growth. XET has been listed on MEXC. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Available to buy on MEXC for anyone interested: https://www.mexc.com/exchange/XET_USDT
Twitter still remains the best place to get valuable information about crypto product listing, I got the information of the listing of Bxx and many more tokens on MEXC via the tweets put out by the exchange.
You can't go wrong putting your funds into BTC and ETH for their ever increasing potentials. ALGO and ADA are also a good buy for me, RIN is quite a good coin but it's less talked about here. It's now listed on MEXC Exchange and trading is opened already there
MEXC is non KYC for anything under like 20 BTC or something like that.
It’s small but I’m impressed by the low fees and speed of MEXC, I’ve only tried buying ONE and YLDY off there but they have a good selection of some more obscure coins too
Chainswap (ASAP) ASAP Price Live Data The live Chainswap price today is $0.185115 USD with a 24-hour trading volume of $342,893 USD. We update our ASAP to USD price in real-time. Chainswap is down 0.70% in the last 24 hours. The current CoinMarketCap ranking is #1425, with a live market cap of $2,666,114 USD. It has a circulating supply of 14,402,480 ASAP coins and a max. supply of 100,000,000 ASAP coins. If you would like to know where to buy Chainswap, the top exchanges for trading in Chainswap are currently BKEX, and MEXC. You can find others listed on our crypto exchanges page.
I'm a US resident, bought mine from MEXC.COM withdrawal fees were 100 eXRD
Kinda sorta back. Managed to sell it on MEXC today. Definitely stay far away from this shitcoin now.
Hey guys, serious question. I finally managed to unstake the SOL. Where can I sell it at this point? CB addresses are turned off. Has anyone been able to sell via MEXC or KuCoin?
Has anyone here used MEXC yet? Considering using it to buy Yieldy but haven't signed up for the exchange yet since I've heard mixed things
tldr; MEXC is partnering with Nervos Network for their upcoming virtual hackathon NERVOS - BROADEN THE SPECTRUM with Gitcoin. The event is scheduled to kick off on September 10th and run for three weeks. Teams will create robust Layer 2 applications utilizing the network’s suite of integrated solutions. Participants who successfully complete an application will be invited to deploy live to the Aggron testnet. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Yieldly will become the first vertically integrated listing, NFTs, and staking launchpad for Algorand (ALGO/USD) Standard Assets tokens. Yieldly is set to become the source of growth, liquidity, and interoperability across all ASA projects and communities. The partnership with MEXC Global will also take advantage of the platform’s cross-chain bridge to Binance Smart Chain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Don't know much about hi Dollar, Harmony One seems cool and definitely could rise, but Yieldly imo is the sleeping giant here. It's basically riding Algorand's back and so long as ALGO continues to rise, Yieldly has that great potential for significant growth since it's still new and the cap is super small. Also their platform looks very clean, friendly, and easy to use, their only issue right now is it's a bit of a hassle to get it since the only exchange that carry them is MEXC, so it's not that convenient, but that's the point, YDLY is still in the very early stages and I expect significant growth if it gets listed on major exchanges.
Currently only Uni swap and MEXC - I’d go with the latter as it’s cheap, doesn’t need KYC and seems a decent exchange, you also avoid the huge ETH gas fees
Send USDC to MEXC exchange and withdraw it to USDC ASA.
Yieldly is on MEXC.
Right now, my only small caps are FTM and YLDY. FTM has already pumped to a valuation that I think is "fair." I'm using the Market Cap/Total Value Locked (in Defi) metric - [check here](https://defillama.com/chains) \- right now most blockchains have a MC/TVL of about 3. **This should never be the only thing you look at,** but it's a good start and it's how I decided to buy some FTM around $0.20-$0.30. So I'm not gonna be buying more at this point, I'm selling/holding. I still think YLDY (DeFi token on Algorand blockchain) has good upside potential, but I'm not buying anymore because it's already a significantly larger percentage of my portfolio than I initially wanted (because it has gone up a lot). But if that weren't the case, then I would be buying at the current price of $0.02 or 2 cents. ALGO pumped, but YLDY didn't follow suit - actually it dumped! Maybe people sold their YLDY to buy ALGO. But hopefully many of the new ALGO buyers will want to use the Yieldly platform and drive demand for it. My only concern with YLDY is the selling pressure from the early seed sales that take 6-12 months to be vested. Currently on MEXC (only centralized exchange with YLDY) there is a sell wall of about 9 million YLDY around the $0.02 range. I think this is probably an early backer whose tokens got vested. So that's a potential obstacle. Right now YLDY has a MC/TVL of about 0.4-0.5, which for a layer 2 defi token is pretty solid. If you think Algorand will be a successful blockchain (I do), then I think it would make sense to be bullish on YLDY. If you don't, then it probably doesn't look that good. Aside from those, there's a lot of hype here around ERG. I haven't really looked into it much beyond the fact that it seems to be a PoW chain with smart contracts, which is interesting. And it had a fair launch which is very rare in current year. I need to look into it more, but I am considering buying some. I know it's cliche, but you really do need to do your own research. Why? Because if you don't know why you're investing in something, you increase the likelihood that you sell it at the worst possible time.
Kraken, Celsius, Coinbase, Binance, MEXC, Gemini.
I put a limit order for yieldly on MEXC for 0.01934 but the market price is 0.01933, why the order not filling?
Speaking of the top cryptocurrencies to watch this week, OP needs to check out how amazing RIN is, it's not really commended on this sub, but it's been on the blast off for sometimes now and will be listed on MEXC global today.
Can I buy a coin spending 1 USD in MEXC? or is there any minimum price to buy like on Binance which is 10 USD?
They have the best name and have taken advantage of it. Short, simple, straight forward, and they focused on their mobile app I think. The entire crypto market markets for them just on their name alone. Coinbase and Netcoins have names that have immediate links to cryptocurrencies. Gemini, Kraken and Binance. Gemini and Kraken not sure what those are supposed to suggest besides the astrological sign and the sea monster. Binance maybe it's binary combined with finance. BitMart, Bittrex at least have bit in them but I think coin is the more easy to understand part. KuCoin and Coinex have coin in them. Gate.io and MEXC no idea what those are supposed to suggest
Good analysis. Just like Xdb you mentioned, there are other solid projects IMO that are worth hodling. An example is Rin, though undervalued at the moment, has been doing really well even to the extent of a 200% in the last 4 weeks, and is set to be listed on MEXC exchange soon.
YLDY. First DeFi project on Algorand. Only a few months old, hosts a no loss lottery, staking, and an ETH-ALGO bridge, and has a fairly aggressive roadmap for expansion over the next few months. Available on MEXC and uniswap - yieldy.finance
Try MEXC exchange. Very easy from my experience
Buy some Yieldly on the MEXC exchange and start raking in that sweet apy. If you think people have been sleeping on Algo is astonishing it'll blow your mind as to how many people are sleeping on Yieldly.
Aldrin is a DEX on Solana, and CYS is a token that got listed on there, and the RIN token is about to get listed on MEXC exchange.
CYS has been listed on the Aldrin DEX, and RIN about to listed on MEXC. It's definitely getting better from here on.
Bitcoin will always be around no matter what happens. I also feel so confident about the planned future of RIN that's built on SOLANA. MEXC Global will be listing it soon under RIN/USDT trading pair.
Yup.As a high-performance, fully decentralized blockchain network, Algorand will allow users to transact in their preferred dollar-pegged stablecoin on MEXC. The addition of USDT and USDC on MEXC comes at a time when the crypto market is experiencing rapid growth and usage of stablecoins.
tldr; Yieldly has announced a strategic alliance with MEXC Global, a centralised exchange with 6m+ users and $500m+ in trading volume daily. The partnership will see Yieldly become the first vertically integrated staking, NFTs and listing launchpad for ASA tokens. The move will further the maturation of the Algorand blockchain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I put a chunk on Yieldy. It's been kind of fun. The daily staking rewards on Yieldy are more dollar-value than the daily ALGO staking reward you'd get in your wallet, but you can only trade YLDY on the MEXC exchange, so you have to ship around ALGO and USDT to swap out for YLDY which is a lot of legwork compared to just leaving your ALGO alone and getting more ALGO. But there's always that chance that the Yieldy platform ends up doing some great things and the YLDY token explodes in value, so maybe that ends up being one of those miracle 1000x microcaps.
I transfer Algo to the MEXC exchange then convert to USDT to buy YLDY. Then send straight to the YLDY staking pool
There's a roadmap for further LPs and such going forward. But yea, currently you can stake ALGO in the No loss lottery (NLL) and potentially win an ALGO prize, while also receiving around 10-20% rewards in YLDY (off top of my head). For YLDY tokens, which you can get on MEXC or as rewards for the NLL, they can be staked in the YLDY pool for YLDY rewards, currently around 30%APY from memory. There's also a no loss prize game attached to the YLDY pool where you get 1 ticket per YLDY staked and have a chance to win an NFT each week, while earning the above rewards. Head over to yieldy if you're interested in getting involved, it seems daunting but is pretty easy once you get started. Hope that helps you better understand 😀
You ever used MEXC exchange? Is it safe? Can you withdraw without any issues or ridiculous fees?
Yeah I scour the top gainers and newest on Kucoin and MEXC but every one I find is coming down from a massive ATH. Never find one on the way up.
I know this isn't what this sub is really for, but does anyone know of another sub or telegram or something that keeps up with the shitcoins that are pumping on exchanges like Kucoin and MEXC? Always see coins that are up big but never see them until they've peaked.
You can only buy yieldly through usdt. That’s the only pair available on MEXC
If I swap a coin for USDT using MEXC is that a taxable transaction? Assuming it's the same as conversion?
They are both very good. But none of them listed BXX that happens to be my favorite, so I used the MEXC exchange to buy BXX when it was listed in July
You pretty much got it. Your Algo staked in the lottery earn YLDY rewards each day. Yes, you lose your Algo rewards but are gaining YLDY. You can claim YLDY rewards each day and do as you wish with them. Staking YLDY gives back YLDY and a little bit of Algo. Not a whole lot of ALGO. Currently YLDY can be traded on MEXC & Uniswap. They are adding more bridges and a YLDY/ALGO swap in the near future. It's quite easy to buy and sell YLDY from MEXC using Algorand. (send ALGO or YLDY to MEXC wallet, exchange for USDT). Also, tomorrow they are starting an NFT prize game. There are plans for multiple lottery winners, and also, staking YLDY for different crypto rewards. Staking YLDY for Opulous (OPUL) rewards are in the works. ​ I'm Staking 3k ALGO in the 'In No-Loss Lottery' & 58k YLDY in 'YLDY STAKING' Earning \~160 YLDY and \~.003 ALGO each day from the both of them.
You pretty much got it. Your Algo staked in the lottery earn YLDY rewards each day. Yes, you lose your Algo rewards but are gaining YLDY. You can claim YLDY rewards each day and do as you wish with them. Staking YLDY gives back YLDY and a little bit of Algo. Not a whole lot of ALGO. Currently YLDY can be traded on MEXC & Uniswap. They are adding more bridges and a YLDY/ALGO swap in the near future. It's quite easy to buy and sell YLDY from MEXC using Algorand. (send ALGO or YLDY to MEXC wallet, exchange for USDT). Also, tomorrow they are starting an NFT prize game. There are plans for multiple lottery winners, and also, staking YLDY for different crypto rewards. Staking YLDY for Opulous (OPUL) rewards are in the works. ​ I'm Staking 3k ALGO in the 'In No-Loss Lottery' & 58k YLDY in 'YLDY STAKING' Earning \~160 YLDY and \~.003 ALGO each day from the both of them.
BEEP. False! Crypto.com just opened MATIC polygon support, as well as for USDC. .1 MATIC fee or .08 USDC to withdraw straight to polygon! Otherwise, use Kucoin or CoinEx in the US. Both of those exchanges support MATIC withdraws direct to polygon and don’t require KYC. MEXC is another option with support for a few other coins as well! There’s more and more US paths into polygon as time goes on. Don’t need to over complicate things now. Buy transfer crypto on Coinbase (ALGO, XLM, LTC), send to polygon compatible exchange, swap to USDT/C or BTC, grab MATIC (or a polygon compatible token), withdraw to polygon.
Coingecko and CMC, to check the chart Binance, Kucoin, MEXC, to trade Uniswap,Metamask, Trust wallet to hold some token Sylo smart wallet, to hold some token, keep my NFT and also chat with friends
If you do some research and like what you see I would recommend buying it from MEXC then staking directly with Yieldly on their website. Or just throw some Algo in the lottery and get some Yieldly for your efforts. But for sure check out there site and there sub. Then try to find some negatives about them because echo chambers are dangerous.
Yea buying from MEXC was a little confusing at first but now it’s so easy for me and so worth it.
Binance is cool imo. Got most of the coins I hodl from there BTC, ETH, ADA FUN. Only BXX I got from MEXC.
Rand labs created MyAlgoWallet, which is endorsed by the Algorand Foundation. To stake YLDY, you'd add 1)the asset to your MyAlgoWallet. You can then 2) stake Algorand in the No Loss Lottery which aggregates all staking rewards over a weeks time and then uses Chainlink to pick a random wallet based on the amount staked. All wallets staking ALGO receive YLDY tokens daily as a reward. You can also 3) purchase YLDY using MEXC(a no KYC exchange) it takes about 5 minutes to set up an account and you can send crypto there, sell for USDT, and then use the USDT to buy YLDY. From there, withdraw to your MyAlgoWallet and interact with the Yieldly app to stake your YLDY. You have to have a few ALGO in your wallet (<5 in pretty sure ) in order to opt into the smart contract. Currently the way to unlock those funds is annoying, having to run a node and then execute commands from it, but in September there will be autocompounding staking and it will necessarily require the old smart contracts to be voided, thus unlocking the funds anyway. I personally buy ALGO through Coinbase Pro and send it to MEXC to trade for USDT because the algorand blockchain is super fast and costs next to nothing to move assets around in (0.001 algo/tx) TLDR: add asset, stake algo on app or buy through MEXC, (you can also buy on uniswap and utilize the ERC 20 bridge on the app but whyyyyyyyyyyyyy so expensive!!), opt in to the smart contract, send YLDY to your wallet, connect to the app, stake, profit!
I would say Kraken, but I've just registered, so can't give you a valid review, BUT...so far I was very surprised with [**anycoin.cz**](https://anycoin.cz) (daily limit aroun 1000e without KYC) and **MEXC** which are not mentioned here, but I think they are worth it...
Since you're using MEXC , you can check VTHO and PLUG there too and more alts. Plugnet is more of synthetic assets creation to take part in DeFi protocol in safest and simplest way.
Try on MEXC, it shows it available to buy. You can either try your debit card, or you can buy ALGO on your exchange then send it to MEXC, swap ALGO for USDT and then swap USDT for VET. Please anyone if I am wrong. Tell me but this is how I buy YLDY. Basically the same process. ALGO is cheap and fast too so it’s good to test it so you feel more comfortable.
There are a couple of em. BXX - I feel this one isn't talked about enough should be. Already partnered with Visa, Tezos, Reef, RioDeFi and some others, and more coming in soon. Solid project with great tokenomics and use case. This ones a low cap gem and has lot of room to grow, and is currently traded on MEXC and Uniswap. FUN - This ones a gaming/gambling token. But asides gambling, it has proven to be very useful and an example of such uses is that it is accepted as a means of payment on Travala, and can be staked on Binance to earn passively. RAIL - A privacy based project that enables users interact privately with DeFi smart contracts. KUVA, SCR. The list goes on.
Uniswap/1inch have just about everything. MEXC, Phemex, Bybit are all off-the-beaten-path exchanges.
Ftx.US, Gemini, Kraken(maby there's even Kraken.US), KuCoin, MEXC etc. There are tons of exchanges, look around for one you like. Kraken is what I use but im not in The US.