Funding your wallet
How to fund your wallet with tokens.
Last updated
How to fund your wallet with tokens.
Last updated
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 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.
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.