Guide
Welcome to the world of decentralized finance (DeFi)! If you're new to DeFi and web3 wallets like Metamask or Trust Wallet, don't worry. This guide will walk you through the basics and get you started with Wolf Capital.
What is DeFi?
DeFi, or decentralized finance, is a financial system built on blockchain technology. It allows you to control your own assets and earn interest through protocols like BNBYield.
Setting Up a Wallet
Before you can start staking with BNBYield, you'll need a Web3 wallet. This is a digital wallet that allows you to interact with decentralized applications (dApps) on the blockchain.
Metamask
Metamask is a popular web3 wallet that can be added as an extension to your browser. Here's how to set it up:
Visit the Metamask website and click "Download".
Choose your browser and follow the instructions to install the extension.
Once installed, click on the Metamask icon in your browser extensions and set up a new wallet.
Be sure to write down your seed phrase and keep it safe. This is the only way to recover your wallet if you forget your password.
Trust Wallet
Trust Wallet is a mobile Web3 wallet. Here's how to set it up:
Download the Trust Wallet app from the App Store or Google Play.
Open the app and create a new wallet.
Write down your recovery phrase and keep it safe.
Buying and Depositing BNB
Once you have a wallet, you'll need to buy and deposit BNB to start staking. Here's how:
Buy BNB from a cryptocurrency exchange like Binance or Crypto.com.
Send the BNB to your web3 wallet. Visit the BNBYield dApp and connect your wallet.
Choose the amount of BNB you want to stake and confirm the transaction.
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