The popularity of cryptocurrencies has brought with it a host of interesting DeFi projects. One such token provider is Yearn Finance: used for yield generation, aggregation, and insurance on the Ethereum blockchain. The platform essentially allows users to try and boost their crypto earnings. We list the top exchanges and brokers with Yearn Finance, as well as explaining how it works, opportunities, and risks.
Best Yearn Finance Brokers & Exchanges
-
- Crypto Spread: 114.37 (BTC)
- Platforms: Web Platform, MT4, MT5, TradingCentral
- Min. deposit: $200
-
- Crypto Spread: Variable
- Platforms: MT4, MT5
- Min. deposit: $0
84.6% of retail CFD accounts lose money. -
- Crypto Spread: From 0 pip
- Platforms: MT4, MT5
- Min. deposit: $10
-
- Crypto Spread: From 0.1
- Platforms: Web, MT4, MT5, cTrader
- Min. deposit: $10
-
- Auto Market Maker
- Crypto Spread: BTC 0.5
- Min. deposit: $100
65% of retail investor accounts lose money when trading CFDs with this provider. -
- Crypto Spread: Variable
- Crypto Lending
- Crypto Staking
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- Markets.com 4.4/5 Markets.com’s crypto offering covers 30+ major coins, including Bitcoin, Ethereum, and Litecoin, with leverage options that vary by region but stay more conservative than on forex. Execution was generally smooth in our tests, though spreads were noticeably wider during high volatility, making it better for swing trades than ultra-short-term scalping.
- FXCC 4.6/5 FXCC has ramped up its range of cryptocurrencies for trading, going from under 10 to more than 30. There are no restrictions on crypto day trading strategies with Expert Advisors (EAs) permitted. Digital currencies can be traded 24/7 with no commission and leverage up to 1:20.
- Ingot Brokers 4.3/5 You can access 25 cryptocurrencies paired with USD, including BTC/USD and ETH/USD as well as smaller tokens like DOTUSD. The broker doesn’t offer a crypto wallet or exchange, although you can deposit via Bitcoin, Ethereum or Tether with zero fees.
- LiteFinance 4.0/5 LiteFinance offers a growing selection of 70+ cryptocurrencies, mostly paired with USD. The list includes some lesser-known tokens with lower market capitalization. However, traders will not directly buy and own the crypto tokens they trade.
- Skilling 3.4/5 You can trade 50+ crypto pairs via leveraged CFDs. The list of tokens is longer than many rivals, including Vantage with only 30+, and you can get started easily with just $100.
- OKX 4.1/5 OKX continues to offer a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions.
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Markets.com | 1259 | ||||
| FXCC | 225 | ||||
| Ingot Brokers | 57 | ||||
| LiteFinance | 687 | ||||
| Skilling | 442 | ||||
| OKX | 1771 |
Markets.com
Markets.com is best suited to retail investors who trade frequently but don’t want to calculate commissions, thanks to its spread-only pricing (EUR/USD around 1.3 pips). It especially appeals to short-term traders who value fast execution, flexible asset choice spanning 2,200+ instruments and proprietary tools like hedge fund confidence indices and insider trade alerts.
Christian Harris, Reviewer
Markets.com quick facts
- Coins
- XLM, PENGU, BTC, XTZ, SNX, YFI, TRX, HLP, HIVE, VAULTA, CRV, RSR, BAT, AAVE, VANA, VIRTUAL, XRP, DOGE, LTC, SKY, XMR, ADA, BCH, DASH, AVAX, BGB, PI, ETH, WLFI, TON, ZRX, SOL, DOT, LINK, UNI
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- 114.37 (BTC)
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- Web Platform, MT4, MT5, TradingCentral
- Minimum Deposit
- $200
- Regulator
- ASIC, CySEC, FSCA, BVI FSC
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK, CHF, PLN, CZK
Pros
- Within the 2,200+ CFDs, Markets.com offers thematic baskets like the Warren Buffett Blend and Cannabis Blend, which behaved like ready-made mini-ETFs during testing, saving the work of balancing weights manually.
- Switching between the proprietary web platform (great for alerts and quick analysis) and MT5 (strong for algorithmic EAs) was smooth in our tests; positions synced across desktop, web, and mobile without gaps or re-quotes.
- Markets.com’s Hedge Fund Confidence and Insider Trading tools pulls SEC filings into the dashboard within 24 hours of disclosure, helping to spot fund moves and C-suite buys before most retail newsfeeds updated.
Cons
- While CySEC and FSCA oversight is solid, the SVGFSA and BVIFSC entities offers 1:500 leverage under a light-touch framework, meaning protections like compensation schemes and strict conduct rules lag behind the strictest regulatory standards.
- During sign-up, we hit unclear account type explanations and got stuck in an email verification loop that locked us out for an hour - way less streamlined than other brokers we’ve tested.
- The proprietary web platform felt a bit basic once we pushed into advanced charting with fewer drawing/indicator options than full TradingView or MetaTrader.
FXCC
FXCC continues to prove itself an excellent option for day traders with a particularly strong selection of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and a free VPS for qualifying traders.
Jemma Grist, Reviewer
FXCC quick facts
- Coins
- BTC, BCH, ETH, LTC, XMR, DASH, XRP, ALG, ATO, AVE, AVX, AXS, BNB, BSV, CKE, DOT, ENJ, FTM, LNK, MEL, MNA, MTC, SHB, SND, SNX, SOL, TRP, UNI, WAV, XTZ, YFI
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- Variable
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- MT4, MT5
- Minimum Deposit
- $0
- Regulator
- CySEC, MISA
- Account Currencies
- USD, EUR, GBP, CAD
Pros
- FXCC has stepped up its offering over the years, adding MT5 to its suite of platforms, hundreds of stocks and more cryptos to its product line-up, plus a copy trading feature and greater margin trading opportunities.
- Customer support still relies on human agents with response times of under three minutes on live chat during our tests and knowledgeable reps - a welcome break from the frustrating AI chatbots increasingly offered by brokers.
- FXCC’s ECN XL account has been built with active traders in mind, featuring spreads from 0.0 with no commission, while also passing our execution speed benchmark for day traders.
Cons
- Although FXCC has bolstered its range of markets with US, European and Asian stocks, the choice of metals and energies is light, and there are no soft commodities.
- Although the economic calendar has benefited from a facelift, FXCC still offers very little in terms of market research beyond basic daily technical analysis and aggregated market news, with no tools like Autochartist or social sentiment data.
- Although regulated by the CySEC, FXCC’s offshore entity operates with weak regulatory oversight from MISA and may not provide safeguards like investor compensation in the event of broker insolvency.
Ingot Brokers
Ingot Brokers is a good choice for day traders looking for a no-frills broker with a wide range of instruments. Experienced traders will appreciate access to the advanced MT5 platform, although beginners may be disappointed in the lack of educational resources.
William Berg, Reviewer
Ingot Brokers quick facts
- Coins
- BTC, ETH, LTC, BCH, XRP, DOT, EOS, LNK, DOGE, ADA, XLM, ATOM, AAVE, AVX, BNB, DASH, ENJ, FTM, MATIC, SNX, WAVE, XMR, XTZ, YFI, SOL
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- From 0 pip
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- MT4, MT5
- Minimum Deposit
- $10
- Regulator
- ASIC, CySEC, JSC, FSA, CMA-Kenya
- Account Currencies
- USD, EUR, GBP, AUD
Pros
- Ingot Brokers offers a copy trading service with passive income opportunities for experienced strategy providers
- Ingot Brokers holds multiple regulatory licenses, including two from the top-tier regulators, ASIC and CySEC
- Multiple free payment methods are available, including bank transfers and crypto payments
Cons
- The ECN account offers fewer assets than the other account types
- The range of 30+ currency pairs is below the industry average and won’t be sufficient for serious forex traders
- Despite improvements in the Resources Hub, the broker’s education and market research still trail many competitors
LiteFinance
LiteFinance will suit traders seeking a long-standing broker to trade forex, stocks, commodities, indices, cryptocurrencies, and newer assets like equity perpetuals. The social trading system will also suit investors looking to learn from seasoned traders, though careful risk controls are required when copy trading.
Tobias Robinson, Reviewer
LiteFinance quick facts
- Coins
- AAV, ADA, ALG, ALI, ATO, AVX, AXS, BCH, BNB, BTC, BTG, COM, DGE, DOT, DSH, ENJ, EOS, ETH, FIL, ICP, ILV, ITA, KAV, LNK, LTC, LUN, MKR, MNA, MTC, NEA, NEO, OMG, QTM, SIA, SND, SOL, STX, THT, TRX, UNI and many more
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- From 0.1
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- Web, MT4, MT5, cTrader
- Minimum Deposit
- $10
- Regulator
- FSC
- Account Currencies
- USD, EUR
Pros
- Automated trading via APIs
- Good range of forex pairs
- Fast and reliable customer support based on testing
Cons
- Some complaints online about difficulties withdrawing funds
- Not overseen by any top-tier regulator
- Wide spreads on the Classic account
Skilling
Skilling maintains its position as a top pick for budding traders looking for a competitive zero commission account with direct access to a copy trading feature. It will also serve experienced strategy providers looking to earn commissions, or active traders looking to deal forex.
Christian Harris, Reviewer
Skilling quick facts
- Coins
- ACM, APE, AVE, ATM, AVA, AXS, BTC, BAR, BNB, BTC, BSV, XBN, ADA, CHZ, ATOM, CRO, DASH, MANA, DOGE, EOS, ETH, ENJ, XET, ETC, FTM, ONE, HT, IOTA, JUVE, LTC, LNK, XLC, XMR, NEO, OMG, PSG, CAKE, DOT, MATIC, QTUM and many more
- Crypto Mining
- ✘No
- Auto Market Maker
- ✔Yes
- Crypto Spread
- BTC 0.5
- Crypto Lending
- ✘No
- Crypto Staking
- ✘No
- Platforms
- Skilling Trader, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $100
- Regulator
- CySEC
- Account Currencies
- USD, EUR, GBP, SEK, NOK
Pros
- Beyond major forex pairs, Skilling’s spreads are often lower than those of larger, more prominent brokers. While not always the lowest, traders focused on raw pricing can find competitive value without needing a full ECN setup
- The Skilling Trader platform maintains a focused design, offering charts, order placement, and risk controls without unnecessary features or promotional content. For systematic traders or those who prefer a streamlined execution environment, this simplicity is an advantage
- Skilling offers five trading platforms: Skilling Trader, cTrader, MT4, MT5, and TradingView, each with distinct strengths. MT4 and MT5 supports EA-based strategies, cTrader excels in order management, Skilling Trader offers straightforward web execution, and TradingView specializes in advanced charting. This range provides valuable flexibility for traders
Cons
- Skilling’s educational and research resources are limited to a basic economic calendar, brief market commentary, some lessons, and occasional news headlines, plus the newer AI-powered Skilling Trade Assistant. There aren't comprehensive and structured learning paths
- Skilling depends on TradingView for advanced analytics and does not provide its own platform for Trading Central, Autochartist, or instrument-specific news feeds. This may be sufficient for traders with independent research tools, but it is less comprehensive than brokers offering integrated in-platform content
OKX
OKX is a top pick for crypto traders looking for emerging coins and crypto projects to invest in. Traders can also make use of the broker's copy trading service and automated bots.
William Berg, Reviewer
OKX quick facts
- Coins
- 1INCH, AAVE, ACA, ACE, ACH, ADA, AERGO, AEVO, AGLD, AIXBT, ALCX, ALGO, ALPHA, AMP, ANIME, APE, API3, APT, AR, ARB, ARG, ARKM, ARTY, ASTR, ATH, ATOM, AUCTION, AVAX, AXS, BABY, BABYDOGE, BADGER, BAL, BANANA, BAND, BAT, BCH, BERA, BICO, BIGTIME and many more
- Crypto Mining
- ✘No
- Auto Market Maker
- ✘No
- Crypto Spread
- Variable
- Crypto Lending
- ✔Yes
- Crypto Staking
- ✔Yes
- Platforms
- AlgoTrader, Quantower
- Minimum Deposit
- 10 USDT
- Regulator
- FinCEN, VARA
- Account Currencies
- USD, EUR, GBP, INR, JPY, SGD, RUB, AED, SAR
Pros
- OKX has 50 million global clients and a license from the Dubai Virtual Assets Regulatory Authority
- Active traders can expect competitive maker and taker fees, from 0.02% and 0.05%, respectively
- Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history
Cons
- The broker's platform and features may be complex for novices
- In 2025 OKX agreed to pay over $500 million in penalties for violating AML laws in the US
- The firm offers limited regulatory oversight, though this is common among crypto exchanges
What Is Yearn Finance?
Yearn Finance had its launch date in July 2020. The gateway is designed to make interactions with commonly used DeFi ecosystems as simple as possible, whilst also capitalising on respective cryptocurrencies.
The platform primarily provides automated yield farming strategies, offering some seemingly attractive returns on the Ethereum blockchain, though nothing is guaranteed. The website offers a slick dashboard to manage holdings and view stats.
Yearn Finance also has its own crypto coin, known as YFI. The token helps automatically move user funds between other leading DeFi projects, including Dydx, Aave and Compound.
The platform makes money by charging withdrawal fees in addition to gas subsidisation fees, similar to competitors.
Today, hundreds of millions worth of digital assets are locked in Yearn Finance.
Features
Coined the ‘Bitcoin’ of DeFi by some users, Yearn Finance offers multiple features to aid your crypto portfolio. It is made up of vaults and most commonly used to maximise APY (annual percentage yields) of digital currencies deposited into DeFi systems. This ecosystem principally revolves around the Yearn Finance token, but its assets extend beyond that.
Other protocols offered include:
- Ytrade.finance – permits customers to go short or long on stablecoins with 1000x leverage
- Yswap.exchange – allows users to manually deposit their funds between various DeFi protocols
- Yliquidate.finance – handles flash loans, using them to liquidate funds from Aave
- Iborrow.finance – facilitates tokenising debt in other protocols through Aave, so additional DeFi protocols can still be utilised
Vaults is particularly popular among users and allows clients to hold an asset they like, such as Bitcoin, while also earning yield on it. Connect your digital wallet and head to the Vaults section to get started.
Benefits
Yearn Finance has been pegged as one of the fairer launches since Bitcoin. Instead of following an Initial Coin Offering (ICO) model, YFI allowed its users to participate in the protocol with a new price for each new coin: helping the project to build rapidly. Each user also has an influence over the network by holding the governance token.
The platform itself is easy to navigate and has an active community in the DeFi space. New starters can interact with and learn from seasoned users in the blockchain space.
Drawbacks
Set up by Andre Cronje, some argue Yearn Finance relies heavily on Andre’s influence, who hinted that he may leave the DeFi space, meaning the price of YFI tumbled. The result is uncertainty around the future of the blockchain gateway, affecting not just the value of the token, but also the longevity of the different protocols and features offered.
Like all crypto projects, there’s also risk. And there’s no guarantee you’ll make money.
Security
The decentralised finance space is still emerging, bringing with it a series of safety concerns. Cryptocurrencies are currently the subject of regulatory scrutiny, threatening the stability and future of leading tokens like Bitcoin.
Then there is the website itself, which makes no guarantees and provides limited information on the owners and management team. Yearn Finance is also relatively young – starting in 2020. As a result, it’s important users go into Yearn Finance with their eyes open to the risks.
Customer Support
Yearn Finance can be contacted should you encounter issues. They have an active community forum where proposals can be voted on. They are also active on social media, including Discord, X and Medium. They also have a Bug Bounty program to help resolve issues. Head over to the Yearn Finance website to get in touch.
How To Use Yearn Finance
- Open an online account – open an account with a crypto broker that supports the coins you want to invest in. Submit the necessary information, personal details, and get yourself set up
- Buy a wallet – Most investors will hold tokens in a hardware or software wallet to minimise risk
- Get started – once the wallet is set up, you can link it to Yearn Finance to access the different services
Final Word
Yearn Finance helps facilitate access to a range of DeFi protocols and offers an emerging token in YFI. The active blockchain community is a great forum for aspiring traders and offers opportunities to possibly generate additional returns from their crypto holdings. Whether or not DeFi protocols will thrive in the long term it’s hard to say, however, their growth thus far was certainly influenced by YFI.
FAQ
Is Yearn Finance Safe?
Trading cryptocurrencies is notoriously volatile and blockchain projects are risky. As a result, nobody can guarantee the safety of Yearn Finance. Only invest what you can afford to lose.
Is Yearn Finance Legit?
Yearn Finance is a legitimate website and a digital token. YFI can be traded on multiple exchanges and the network offers automated yield farming strategies.
Is Yearn Finance A Cryptocurrency?
Yes, Yearn Finance has a crypto token called YFI with over 36,000 coins in supply. While it was once one of the biggest crypto tokens by market capitalization it no longer is.
Is Yearn Finance Better Than Bitcoin?
Whether Yearn Finance is better than Bitcoin will depend on your goals. Bitcoin is particularly volatile with large price swings while Yearn Finance has lost considerable value over the years.
Find out more about trading cryptocurrency including suitable alternatives.