How to buy Defi (DEFI) Guide – Binance

Binance is constantly reviewing and adding cryptocurrencies that can be used on the Binance platform. If you would like to buy Defi, which is presently not listed on Binance, you can follow the bit-by-bit guide below. It will show you how to buy Defi by connecting your crypto wallet to a decentralized exchange ( DEX ) using your Binance account to buy the base currency. 1

Download a Metamask Wallet

There are respective crypto wallets to choose from within the Ethereum network and Metamask appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome annex. If you prefer using your mobile earphone, you can download the wallet via Google Play or io App Store if it ’ mho available. Just make certain that you are downloading the official Chrome extension and mobile app by visiting the Metamask ’ s web site.

2

Set up your Metamask

Register and set up the crypto wallet via the wallet ’ s Google Chrome propagation or via the fluid app you downloaded in Step 1. You may refer to the wallet ’ s back foliate for reference. Make surely to keep your seed phrase dependable, and take note of your wallet address. You will be using it late on Steps 4 and 6. 3

Buy Ethereum as Your Base Currency

once your wallet is frame-up, you can login to your binance report and proceed to the Buy & Sell crypto web page to buy the Ethereum. If you are not an existing drug user, you can refer to our How to Buy Ethereum guide on register and buying your first gear cryptocurrency on Binance. 4

Send Ethereum From Binance to Your Crypto Wallet

once you buy your Ethereum, go to your Binance wallet section and look for the Ethereum you purchased. Click on retire and fill up the needed data. Set the network to Ethereum, provide your wallet address and the come you want to transfer. Click the swallow button and wait for your Ethereum to appear in your Metamask. If you are using Binance Website : If you are using Binance App :

5

Choose a Decentralized Exchange (DEX)

There are several DEXs to choose from ; you just have to make indisputable the wallet you selected in Step 2 is supported by the exchange. For example, if you use Metamask wallet, you can go to 1inch to make the transaction. 6

Connect Your Wallet

Connect your Metamask wallet to the DEX you want to use by using your wallet address from Step 2. 7

Trade Your Ethereum With the Coin You Want to Get

Select your Ethereum as the payment and select the Defi as the coin you want to acquire. 8

If Defi Doesn’t Appear, Find its Smart Contract

If the mint you want does not appear on the DEX, you can refer to https : //etherscan.io/ and find the bright abridge address. You can then copy and paste it into 1inch. Beware of scams and make surely you got the official condense address.

9

Apply the Swap

once you are done with the previous steps, you can click on the Swap button .

reference : https://www.peterswar.net
Category : Finance

Related Posts

How to Calculate Credit Card Interest Rates

interest rates are one of the ways to work out how much it will cost you to use your credit card, along with other charges and fees….

What debt collectors can & cannot do

If you are dealing with a debt collector, you have protections under the law. A debt collector must not mislead, harass, coerce or act unconscionably towards you….

Can You Afford a New Home? How to Determine Your Homebuying Budget

Can You Afford a New Home? How to Determine Your Homebuying Budget As with any major purchase, determining what you can afford before you look for a…

Why Did My Credit Score Drop?

Why Did My Credit Score Go Down When Nothing Changed? sometimes your mark does change based on factors outside of your control, but most times your behavior…

Why Do I Owe Taxes To The IRS & How To Avoid Them

Are you wondering why you owe indeed much in taxes this year ? Want to make certain you never owe a big tax bill – or any…

The 5 reasons why your credit score might suddenly drop

Select ’ s editorial team works independently to review fiscal products and write articles we think our readers will find useful. We earn a perpetration from affiliate…