Instructional On How To Invest In Binance Smart Chain Course

Tags: Binance

Step by step guide on how to do yield farming and setting up wallets

Last updated 2022-01-10 | 4.6

- How to invest in binance smart chain
- step by step guide on farming
- Learn how to setup wallets like metamask
- coinbase
- gemini and binance

What you'll learn

How to invest in binance smart chain
step by step guide on farming
Learn how to setup wallets like metamask
coinbase
gemini and binance

* Requirements

* no requirement

Description

Investing in a DeFI Farm is a complicated process. This course is a user friendly guide for people new to investment.

The main goal is to assist and guide individuals on how to invest in a DeFi Farm. The lessons offer step by step examples on how to invest. For those who find learning cryptocurrency is too complex, this course is specially designed in a way to make things simple and also at the comfort of your own pace. And you can re-watch it as many times as you like to get the steps right. In completion of the entire course, the user will gain confidence and  be able to invest with ease.

First lesson, we will learn how to set up MetaMask, CoinHako, Coinbase, Gemini and Binance accounts. This will enable you to transfer funds from your bank to your crypto wallet and purchase cryptocurrency. MetaMask is the crypto wallet that holds your cryptocurrency and allows you to invest in DeFi farms.  Referral links will be provided, with that you are able to earn credits as well during your setup. During the setup, referral links will be given and lets you earn some cryptocurrency at the same time.

Second lesson, we will use a real yield farming project to show you how to proceed and start earning passive income stream. Jetswap will be used for this lesson. This is just an example of the many projects thats in the community. Research needs to be done before investing in any project.

Do note: These are not financial advice and do not invest with money that you are cannot afford to lose. As high returns comes with high risk. Another advice, do not share your seed phrase to anyone, and keep them safe as they will not be able to retrieve after you lose them. Invest wisely.

Who this course is for:

  • People who are interested in getting started in investing on Binance smart chain

Course content

2 sections • 15 lectures

Overview of the Section 1 Preview 01:19

An overview of what will be taught in this first section of the course.

What is cryptocurrency Preview 02:17

A brief explanation of cryptocurrency.

Introduction of Decentralize Finance or DeFi Preview 01:53

Introduction to what is Decentralize Finance

How to set up a Coinbase Account Preview 03:36

A step by step guide on setting up of Coinbase Account. Use the referral code provided in the external resources to earn 10 USD worth of Bitcoin

How to set up a Gemini Account Preview 02:26

A step by step guide on setting up of Gemini Account. Use the referral link in the external resources to earn 10 USD worth of Bitcoin, you will be required to trade USD 100 worth in order to claim.

How to set up a CoinHako Account Preview 03:06

A step by step guide on setting up of CoinHako Account. Use the referral link if you do not have one.

How to set up a Binance Account Preview 05:13

A step by step guide on setting up of Binance Account

How to set up MetaMask Preview 06:10

A step by step guide on setting up of MetaMask. This will be used for yield farming that will be taught in the next section. Remember no one will ask you for your seed phrase, and do not give anyone the seed phrase.

An Overview of Section 2 Preview 01:22

A brief overview on how yield farming works

How to swap a token Preview 01:49

A step by step guide on how you can swap a token on jetswap.finance. You will need to convert the tokens that you have (if you have bought BNB with the guide on previous lecture), this will show you how you can use the BNB to buy native/project's own token for either investing or providing liquidity.

How to create Liquidity Pair (LP) Preview 02:42

A step by step guide on how to create LP. This normally will produce the highest amount of rewards in a project. A native token is being paired up with BNB or BUSD is the most common that most projects have.

How to farm using LP Preview 02:43

After creating the LP, you will need to stake them in order to start earning rewards from the project. A step by step guide is provided to teach you.

Note: With high rewards there will be risk of losses, from the token price fluctuation. Would be useful to read up on what is Impermanent Loss (IL) with the link provided.

How to stake tokens Preview 03:21

If providing LP is not what you want, and you wish to enjoy the full appreciation of token price, staking will be good for you. This will grow the token holdings at a slower pace but however you are not subject to any IL.

Harvesting your rewards earned Preview 05:31

A step by step guide on how to harvest the rewards you earned.

How to cash out your earnings Preview 09:12

A step by step guide to let you cash out from the yield farm.