First, save it and then take your time to look.
As a 5-year veteran in the market, I have once invested in DOGE, SHIB, PIG, SDOG, LOWB, and other altcoins, gaining returns of over 30-50 times. I will share my experience.
How to own a digital wallet?
This is the necessary path for newcomers to enter the Web3 door.
1. Download an independent wallet: recommended Metamask (Little Fox).
2. Exchange Web3 Wallet
The difference between 1 and 2 is that 1 focuses on preserving assets, while 2 focuses on trading assets.
Owning wallet ownership, the most important thing is to remember your mnemonic phrase.
Generally, 12 words will be generated when creating it; be sure to remember them in order and write them down for safekeeping.
If you forget your password, then this key is your last safeguard.
How to own on-chain assets?
1. How to buy virtual assets with fiat? This step will confuse many beginners. First, you need to buy USDT or USDC, equivalent to dollars.
Generally, purchase in exchange OTC or from acquaintances off-exchange.
Many people get scammed here. When buying off-exchange, make sure the other party pays first before you send money. If the other party insists, choose the exchange OTC.
Currently, you can purchase at exchanges like OKEx and Binance.
Some wallets allow direct purchase with credit cards.
2. After obtaining stablecoins like USDT, the next step is to purchase equivalent anchor currencies, such as SOL, BNB, ETH, and other mainstream meme trading pairs.
How to operate: choose exchange, use USDT, click to exchange for SOL, BNB, or ETH.
Currently, the hottest in the market is SOL. It is recommended to keep a little in your wallet for emergencies.
3. Transfer, on-chain deposit and withdrawal:
Remember the mantra: align chains and chains (SOL = SOL, ETH = ETH, BNB = BSC), the corresponding assets should be recorded and transferred by the corresponding chain.
Align the receiving address: the sender needs to align with the recipient's address. Usually by copying or scanning the code.
It's like depositing a watch in the Industrial and Commercial Bank. You can only withdraw it at the Industrial and Commercial Bank, not at the Agricultural Bank.
Once you are ready with these two steps, you can start your legendary Web3 investment journey.
How to conduct on-chain observation?
1. First, observe the market. There are many wallets in the market that have lists.
2. Telegram, this is a must-have, many memes have their own communities.
You can first go in and feel the atmosphere.
3. Twitter, follow the project's news in real-time to get firsthand information. For example: celebrities in the crypto space like Elon Musk and Trump.
How to choose a trading target?
If you know that there is a coin called Trump that you want to buy, and it keeps rising, you are anxious.
But I want to tell you, don't rush.
Many newcomers skip the second step and rush in directly, only to find that others have risen, but their own has not. Most likely, they bought the wrong one.
Before buying, be sure to verify the CA (contract address), which is the address of the trading pair.
For example, Trump/SOL, at this time you need to use SOL to buy the corresponding Trump to be successful.
Make sure not to buy fake coins!
Are there many doubts here?
1. In case of the same name, if the chains match and there are several at the same time, please find the CA contract address to search, which will be more accurate.
2. Before buying, remember to check the contract risk of this address! Click to check:
Whether to discard permissions, whether there is a blacklist, whether it can be reissued, etc., to prevent buying a Pi Xiu platform that cannot be sold.
3. Buying: market price buying will have slippage; if you can't resist, just use it.
Limit buy, enter your psychological price, and wait for the transaction.
Alright, you have acquired your desired meme, hurry to CX.
How to exit profits and withdraw earnings?
Finally, the most exciting step: you watch the numbers in your account jump, and you feel ecstatic; the hundred-fold diamond hands are you.
Sell!!
Then follow step 3 for owning on-chain assets to transfer the assets to your wallet, and you are safe.
