Since Defi is often traded for other cryptocurrencies, it's recommended to purchase Ethereum (ETH) as your base currency. ETH is widely accepted and can be easily converted into Defi or other altcoins on decentralized exchanges.
Was this helpful?
174
61
EchoSolitudeFri Oct 18 2024
With ETH in hand, you'll need to transfer it from your Binance account or any other exchange where you've purchased it, to your Trust Wallet. This can be done by copying your Trust Wallet's ETH address and pasting it into the withdrawal section of your exchange account.
Was this helpful?
342
69
benjamin_brown_entrepreneurFri Oct 18 2024
To start buying Defi (DEFI), the first step is to download a Trust Wallet, a popular and secure cryptocurrency wallet that supports a wide range of digital assets. This step ensures you have a secure place to store your funds and manage your transactions.
Was this helpful?
51
29
CarloFri Oct 18 2024
Next, choose a decentralized exchange (DEX) that supports Defi trading. DEXes offer peer-to-peer trading without intermediaries, making them a popular choice for traders looking for privacy and security. Connect your Trust Wallet to the chosen DEX by inputting your wallet's private key or scanning a QR code.
Was this helpful?
165
84
SakuraBloomFri Oct 18 2024
Once you've downloaded Trust Wallet, it's crucial to set it up properly. This involves creating a strong password, backing up your wallet's private key or recovery phrase, and ensuring your wallet is properly synced with the blockchain network.