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