Funding your wallet

How to fund your wallet with tokens.

After successfully creating your wallet, the next step is to fund it with crypto tokens. To perform any transaction on a blockchain network, like trading on a decentralized exchange, you require the native gas token to pay for it. The gas token varies depending on the blockchain network; for Ethereum, it's ETH, for BNB Chain, it's BNB, and so on.

Fiat On-Ramp

Fiat on-ramp services for decentralized wallets allow users to purchase cryptocurrency directly from their wallets using traditional fiat currency. This process is often facilitated by third-party services that partner with wallet providers to offer this functionality. With fiat on-ramp for decentralized wallets, users can avoid the need to transfer funds to an exchange or other platforms before buying cryptocurrency. Metamask is a decentralized wallet that offers fiat on-ramp services through partnerships with fiat-to-crypto on-ramp services like Wyre and Moonpay. Users can purchase cryptocurrency directly from their wallet using a debit card, credit card, or bank transfer. This eliminates the need to transfer funds to a centralized exchange first.

Centralized Exchange method

If you have an account on a centralized exchange like Binance or Coinbase, funding your wallet is a straightforward process. You need to withdraw your cryptocurrency from the exchange to your wallet address and select the coin and blockchain network for the transaction.

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