Tanahub.com — Exploring the Universe of Crypto Can Be Quite Challenging for Beginners
For newcomers, navigating the crypto universe can be fairly daunting. A single mistake in inputting data can result in the permanent loss of crypto assets.
Therefore, the first and wiser step for beginners is to get acquainted with crypto through centralized exchanges (CEX). CEX serves as an easier entry point for beginners thanks to its straightforward detours and excellent user interface (UI) and user experience (UX).
However, for those looking to advance their understanding of the crypto world, the only way is to step into the on-chain universe. While it may seem challenging, it’s not overly complicated to grasp.
To enter the on-chain world, the primary tool you’ll need is a crypto wallet. There are plenty of wallet options available, and they can be obtained for free. Once you have a wallet, you can use it to start transacting across various decentralized finance (DeFi) platforms.
So, how do you use a crypto wallet? Here are a few simple steps beginners can follow:
1. Download a Crypto Wallet
Start by downloading a crypto wallet app from a trusted source, such as MetaMask, Trust Wallet, or Coinbase Wallet. These apps are available on the Google Play Store, Apple App Store, or Chrome Web Store. Make sure to download the wallet from official sources to ensure safety.
2. Create a New Wallet
Once the app is installed, select the “Create a New Wallet” option. The generator will create a new wallet address for the owner to use. Follow the on-screen steps until the wallet setup is complete.
3. Set a Password
After setting up your wallet, create a strong password. Choose a robust combination that is difficult to guess. This password serves as an additional layer of security for your wallet, so ensure it is memorable and secure.
4. Back Up Your Seed Phrase
Next, back up your seed phrase and store it in a safe place. The seed phrase is a unique set of words used to recover your wallet if something happens to your device. Never lose your seed phrase or share it with anyone. Write it down and keep it secure, as it is the master key to your crypto wallet.
5. Top Up Crypto
Afterward, top up your wallet with crypto assets. You can do this by transferring crypto from an exchange account. Ensure you have an account on an exchange like Indodax, Tokocrypto, Binance, or Coinbase. Select the crypto asset you want to transfer, such as USDT, BNB, SOL, or ETH.
Once you’ve chosen an asset, copy the wallet address from your wallet app to receive the transfer. Don’t forget to select the appropriate blockchain network, as selecting the wrong one can result in the loss of your crypto assets. Most exchanges will automatically match the correct network when the wallet address is entered, but always double-check to be sure.
6. Start Transacting
Once the crypto arrives, your wallet is ready for transactions. Beginners can try the swap feature in the wallet, which allows you to exchange one crypto asset for another directly within the app.
For further exploration, you can try decentralized applications (DApps) such as Uniswap on Ethereum, Polygon, or BNB chains; Raydium on Solana; and Ston.Fi on TON. Each DApp offers different features and fees, so it’s a good idea to read their guidelines before trying.
By following these steps, using a crypto wallet will feel much simpler. Always prioritize security in every step, and happy exploring the vast world of blockchain!
Source: volubit.id