There’s a lot of buzz happening around DeFi, which simply stands for decentralized finance. Decentralized finance is one that is not controlled by a single government or bank. Decentralized currency examples include Bitcoin, Ethereum, Litecoin, and other cryptocurrencies that are created on blockchain technology. This innovative technology particularly became popular in the USA in recent years and in this tutorial, we will explore DeFi with the due diligence it deserves.
Just like central financial services with a central authority, DeFi tokens too must be bought or sold on exchange platforms. If you plan to dabble in cryptocurrencies a lot, this article shines a light on some of the best DeFi trading platforms in 2021. We’ve created a well-researched list of premium crypto platforms with DeFi focus and answered some of the most common DeFi related questions.
#1 Broker to Invest in DeFi – eToro
How to Invest in DeFi – Step by Step Guide 2021
If you are interested in investing in DeFi, here’s a step by step guide to purchasing DeFi tokens:
- Step 1: Create an eToro Account – The first thing to do is to create a trading account on a trustworthy platform like eToro. Just go to the eToro website and sign up for free.
- Step 2: Verify Yourself – After that, you can verify your account. Provide a photo ID and proof of address. These will include your passport/driving license and a bank statement or utility bill.
- Step 3:…