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How do I get started with DeFi (Decentralized Finance)?
How do I get started with DeFi (Decentralized Finance)?
Primex Finance avatar
Written by Primex Finance
Updated over a week ago

Here is a quick start checklist for you:

1. Get a Wallet: First, you need a digital wallet to interact with DeFi apps. We can recommend hardware wallets like Ledger and the other Primex supports. Please see Which wallets does Primex support?

2. Buy Crypto: Before diving into DeFi, you'll need some assets. For guidance, please check the article by the link.

3. Choose a Platform: There are various DeFi platforms offering different services. Primex is a great start as it combines the most popular features, such as trading and lending. To begin please see Getting started with Primex.

4. Start Small: DeFi can be complex. It's wise to start with small amounts to understand how things work. Familiarize yourself with terms and functions like liquidity pools, lending, borrowing, and yield farming. Please, also check our Help Center for more articles and guides.

5. Stay Safe: The DeFi space, though promising, has risks. Always ensure you're on the correct website (official Primex App link) and be cautious of projects promising very high returns; they might be "rug pulls" or scams. Keep your wallet's private key secure and never share it.

6. Learn & Explore: DeFi is continuously evolving. Engage with communities on platforms like Discord Twitter, and Telegram, and always keep learning.

Remember, always research carefully and know the ins and outs of your investments.

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