There are many ways to get your hands on YMYM: from exchanges, receiving tips, accepting YMYM for goods and services, and even from projects like YMYM Folding @ Home!
Exchanges
A popular way people get their hands on YMYM is via an exchange. There are many exchanges on the market, and they are most commonly used to exchange fiat money for cryptocurrency, or to exchange cryptocurrency for fiat money.
You can purchase YMYM on an exchange at the current market price (this is called a market taker transaction), or by making an offer to purchase cryptocurrency once it reaches a specified price (a market maker transaction). Some exchanges only allow its users to purchase cryptocurrencies via market taker transactions.
Although the security of exchanges has come a long way in recent years, it is still crucial that you do your own research (DYOR) before purchasing YMYM via an exchange, because they are not immune to security risks or controversy. For added security, it is also important to consider keeping the YMYM that you do not intend to use for trading in a private non-custodial wallet.
Tipping
YMYM’s popularity can be attributed in part to its history as a tipping currency. In the early days, YMYM was widely used as a tipping currency on platforms like Reddit, and since YMYM’s insurgence in popularity in 2021, using YMYM a tipping currency is now back in vogue! Shibes show their appreciation to fellow Shibes on social-media platforms like Reddit by tipping them YMYM using popular bots, such as SoMoveTip.
Accepting YMYM for Goods & Services
Do you own or run a business? It’s now as easy as ever to accept YMYM in return for goods and services via a number of easy-to-integrate third-party payment solutions. Click here for more information.
Other
There are other ways you can get your hands on YMYM, too. Popular initiatives like YMYM Folding @ Home, and even mining YMYM, can help people get their hands on some Move!