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ETH Guide

How to use Metamask

(Non-custodial Wallet - No Asset Recovery / Use with risks - Web3 Capable)

  1. Install the application or extension

  2. Import seed phrase or create an account

    • Enter phrase = Import Account (12 words)

    • Create phrase = New Account (NEVER DISCLOSE SEED PHRASE)

  3. Your Metamask should be loaded with the correct account **IMPORT ONLY**

    • If not– select the circle at the top (profile)

    • Then ‘create account’ and add them until the correct one displays

  4. You are ready to transact on the Ethereum mainnet and interact with decentralized applications!

Note – You will need ETH in your wallet to pay gas fees when sending transactions on the network.

Tracking your Address

You can use a few different applications to track your address and monitor your holdings.

  • Zerion : best to view portfolio price history – price chart / trend line

  • Zapper Fi : monitoring net worth / comprehensive portfolio balance

Buying/Selling Ether & Tokens

Useful Information

You should consider your use case each time. Creating an account with a centralized exchange is always an option. However, you will still need to purchase cryptocurrency. Centralized exchanges are one way to purchase crypto that you can use for other things. Like sending to a wallet like Metamask or Coinbase.

Note– there are two applications provided by Coinbase: An exchange app and a wallet.

Since they are different types of applications, each should be considered for separate use cases.

There are also decentralized exchanges which allow for peer to peer trades. Like Uniswap or Sushiswap. (Sushiswap is a fork of Uniswap – in programming language that means a copy)

On the list for DEX’s are also aggregators like 1inch or Paraswap. These applications take the available pairs across DEX markets and provide users with a ‘quote’ for the best trade on the market. You will need to have a Web3 wallet to use decentralized applications.

With a Centralized exchange (CEX) the work is done for you via the exchange itself. Market or trade mechanisms– that are otherwise available in Decentralized finance –are mimicked via

Centralized exchanges like FTX, Coinbase or Binance and several third parties. Such as insurance providers, clearing houses and other financial institutions or constructs.

Centralized Exchanges (CEX’s)

Centralized Exchanges (CEX’s)

  • Limited trade pairs / Tokens listed by the exchange (most popular pairs or assets)

    1. FTX

    2. Binance

Decentralized Exchanges (DEX’s)

  • Most trade pairs / Any token contract on the Ethereum mainnet (also other nets ex; BSC MATIC)

    1. Uniswap

    2. Sushiswap

    3. 1inch

    4. Paraswap

    Most trade pairs / Any token contract on the Ethereum mainnet (also other nets ex; BSC MATIC)

NFT Marketplaces

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