Want to get started with decentralized finance but don't know where to begin? This detailed guide will walk you through step by step — from creating a wallet to your first investment.
First steps
Getting started with DeFi is not as complicated as it may seem. The first step is to create a digital wallet — with Defied, this happens automatically upon registration with an email. The next step is to acquire stablecoins, which you can purchase directly on the platform with a card, Apple Pay, Google Pay, or bank transfer.
Choosing a strategy
Once you have stablecoins, you need to choose an investment strategy. For beginners, we recommend low-risk strategies such as lending protocols (Aave, Compound), which offer stable yields with minimal risk. As you gain experience, you can explore more complex strategies, but always start with small amounts.
Monitoring and management
After making your first investment, it's important to monitor your yields and understand what's happening with your funds. With Defied, you can see your balance and accumulated yield in real time. The platform notifies you of important changes and helps you make informed decisions about managing your assets.