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Getting Started with DeFi: A Beginner's Guide
What is DeFi? Decentralized Finance (DeFi) refers to financial services built on blockchain technology that operate without traditional intermediaries like banks. Why DeFi? Higher yields - Earn 5-20%+ APY vs 0.5% at banks Permissionless - No credit checks, no gatekeepers Transparent - All transactions visible on-chain 24/7 - Markets never close Getting Started Safely 1. Set Up a Wallet I recommend starting with MetaMask or Rabby: Download the browser extension Create a new wallet SAVE YOUR SEED PHRASE OFFLINE - Never share it, never store it digitally 2. Fund Your Wallet Start small - $100-500 max while learning: ...