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Crypto is Here To Stay โ€“ But You May Miss Out

you missed out on BTC, ETH, UNI, OP and countless other tokens. if there's one thing that's crystal clear even in this bear market, it's the fact that crypto is here to stay

this ๐Ÿงตis for people who want to dabble in crypto but don't have any idea how

Step1: Buy crypto on Centralised Exchanges (Coinbase, Binance etc) Let's choose @binance

To get started you have to complete a KYC on these exchanges. Then choose your base currency. For Indians if you choose INR, you can buy crypto coins in a Peer-to-Peer (P2P) transaction.

After the Sale, you receive the coins in trading wallet section of your Binance account.

Step 2: Transfer your coins into a non-custodial wallet (MetaMask) Create an account on Metamask. Remember your seed phrase. (Never share thisโš ๏ธ) Transfer your coins

After transfer the coins are transferred to your ethereum address. This removes the centralised intermediary.

Step 3: Interact with dApps and explore DeFi You can start by @Aaveaave DeFiโ€™s biggest lending solution.

earn apy for providing the pool liquidity Note: When you supply on the ethereum network the gas fee is considerably high so you can switch to the Polygon network, because when you have an account for ethereum you can interact with other EVM compatible chains (Polygon)

Step 4: Swap your coins

You can swap your coins using Metamask walletโ€™s swap option. It gets quotes from multiple DEX aggregators and suggests users to choose the one with lowest charges. After doing this drill, You will be comfortable operating dApps.

๐Ÿ‘จโ€๐Ÿš€

Weโ€™ll be posting further threads on how to maximise the value you can generate from using dApps in DeFi such as the Lending platforms and DEXes and different strategies you can utilise to earn alpha. Follow our threads to learn more on DeFi and become a crypto native๐Ÿš€๐Ÿ‘จโ€๐Ÿš€

This post is based on this twitter thread.

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