Crypto and DeFi can be confusing. When I started, I was insanely overwhelmed by the amount of exchanges, pools and well things you could do with crypto. I tried reading and watching a lot of videos on YouTube, but the best way to learn is undeniably by getting your hands dirty.
So before taking a deep dive into the rabbit hole, the first thing you need to commit to doing.
Step 1: Sign up with an exchange and make sure you KYC-ed, this means that your identity is verified.
Step 2: Buy some crypto. Funding wallets via wire it is much cheaper.
Step 3: Create a wallet on Metamask. While you’re at it, create other wallets (BNB Chain, Kepler, Fantom,Terra) to experience how onboarding varies. This will help you when you want to start dabbling in DeFi.
Step 4: Try transacting! There are lots of tutorials online.
Step 5: Create an OpenSea account and buy an NFT or you can just browse.
You can create many wallets, so just create one to test things out, keeping very little value in it. Transactions are public and traceable.
Step 6: Staking for passive income, this is my favourite. I’ve written stuff on it before, check it out here.
Now for some reading resources!
A very well categorized list of things to read, accompanied with summaries and links.
A list of curated resources for those seeking to understand, build, or otherwise get involved with decentralized autonomous organizations
Also published here.
The lead image for this article was generated by HackerNoon's AI Image Generator via the prompt "a futuristic metaverse with VR avatars".