At long last, from the banks of the Mekong, the third instalment of Bro, teach me crypto is born into existence.
Content with the concepts of cryptocurrency and blockchain, it’s time for Pete to complete the crypto onboarding process.
Given that I’ve used Solana’s blockchain almost exclusively for the past four years, I’ll be showing Pete how to transfer money onto it, use it, and interact with the different apps that have built upon it.
FYI, SOL is the cryptocurrency, Solana is the blockchain.
Included below is a written guide to assist you through the onboarding experience.
I suggest reading through the entire guide first, and then following along.
I promise it gets easier from here 😅
Like usual, there is some additional learning required before heading any further.
Yes, it’s back to crypto school for you!
A centralised exchange (CEX), pronounced in a way that sounds far more exciting than it is, and a decentralised exchange (DEX) provide in most cases the same service: swapping one asset for another.
However, there are a few slight differences.
A CEX is similar to a traditional stockbroker, only in this case they’re ‘broking’ crypto.