Getting Started2021-06-02T22:57:57+00:00

Welcome Cryptonaut!

Congrats on starting your journey into the new financial world of crypto! We strongly believe that crypto is the next innovation akin to the internet in the late 90s and early 2000s. There are many companies being created using this technology. With that comes an extreme amount of volatility with both exciting ups, and disheartening downs. It is our opinion that you should not invest any money in crypto that you are not willing to lose.

We love this world and want to help others capitalize on the immense opportunities that are emerging every day. In our experience, there are many people that would love to invest more in crypto but are just unsure how to do it. That’s why we’ve created Cryptoverse Academy. Below you will find posts explaining key concepts in Crypto from buying your first coins to putting your tokens in yield optimizers that can earn you 300%+ APY!

If you’ve never purchased Crypto from an exchange like Coinbase, Binance.US, Uphold, etc, and sent it to another Wallet, we’d recommend you start with Buying Crypto with Uphold. If you’ve purchased and sent crypto before, but you’re interested in getting more out of the tokens you hold, we’d recommend you start with What is Yield Farming.

None of these posts are meant to be financial advice. They are to be used solely as explanations for how to get involved in different areas of crypto. As with any investing, it is important to do your own research prior to purchasing any crypto, including the tokens we use as examples in our posts. We’ve tried to select companies and assets we believe to be reputable but there will always be bad actors as long as large sums of money are involved.

As you go through these tutorials, make sure you explore so you can better understand how things work. This alone will help you greatly in your decision making.

What is Yield Farming

What is Yield Farming? In our opinion, one of the most intriguing parts of DeFi (Distributed Finance) is Yield Farming. Yield Farming allows you to put your crypto assets in a pool with others so that there is liquidity for exchanging one token for another. Essentially, you can think of it like a bank. You put your money in a bank and the bank then takes your money, or liquidity, and lends it out to other people, earning some interest in the process. In this situation, you are the bank and the service you are providing is the ability [...]

DeFi, Paid|0 Comments

How to Swap Coins with SafePal

How to Swap Coins with SafePal In order to use Binance Smart Chain's DeFi, you'll need to have the correct token. The following instructions explain how to get the correct token, BNB (BEP20) note that it's NOT BEP2. Be sure you are logged in to the exchange or wallet where your crypto tokens are. We will be using Uphold as an example. On your phone, download SafePal. https://safepal.io/download Click Software Wallet Click Next Type in a password Click Next Read the Terms of Use and Accept Click Submit Set a pattern if you'd like to Click Start SafePal journey [...]

How to Set Up TrustWallet

How to Set Up TrustWallet In this post, we'll walk you through how to get TrustWallet set up. It's the wallet we use to transact on the Binance Smart Chain. Download TrustWallet https://trustwallet.com/ Click Create a new wallet Read the Terms of Service and Privacy Policy Select the box Click Confirm Select the box Click Confirm Write down the recovery phrase in the correct order. Make sure you do not lose this or give this out to anyone that shouldn't have access to your crypto. Click Continue Select the words in the correct order. Click Continue Click Ok If you are on an iOS device, [...]

How to Leverage Your Crypto

How to Leverage Your Crypto Leveraging your crypto can be a great way to increase the amount of money that is working on your behalf. In this situation, you'll take tokens you own, like Bitcoin, Ethereum, XRP, etc, and put them up as collateral that you can borrow against. This allows you to keep tokens that you plan on HODLing (what is hodl?) and get more tokens that you can use to earn a yield in the DeFi space. You'll need to be careful how much you borrow. Most leverage options will have a maximum amount that you can [...]

How to Farm Single Assets

How to Farm Single Assets If you haven't read our explanation of Yield Farming yet, we'd highly recommend you read that before starting the farming process. It will help you better understand what you are doing in this tutorial. The instructions below explain how to begin Farming CAKE in Bunny. There are many other coins you can farm in other yield optimizers like https://beefy.finance, https://bvaults.fi, https://autofarm.network, https://swamp.finance/app, etc. The steps for farming are nearly identical across all of the yield optimizers with slight differences. This is not financial advice. It is meant to be an explanation for how you [...]

How to Farm Liquidity Pools

How to Farm Liquidity Pools If you haven't read our explanation of Yield Farming yet, we'd highly recommend you read that before starting the farming process. It will help you better understand what you are doing in this tutorial. The instructions below explain how to begin Farming CAKE-BNB LP in Beefy. There are many other coins you can farm in other yield optimizers like https://pancakebunny.finance, https://bvaults.fi, https://autofarm.network, https://swamp.finance/app, etc. The steps for farming are nearly identical across all of the yield optimizers with slight differences. This is not financial advice. It is meant to be an explanation for how [...]

How to Buy Crypto with Uphold

How to Buy Crypto with Uphold Let's get your Uphold account set up so you can buy some crypto. Go to https://uphold.com Click Sign up Fill out your info Click Next Fill out legal info Go to your email you typed in (says email sent to...) Open the email from Uphold Click Verify Click the "Please submit your SSN/TIN" box Type in your SSN or TIN Click Continue Click the "Verify your Identity" box (same spot as the "Please submit your SSN/TIN") Fill out the info Click Continue Follow the instructions to verify your identity with your ID Click [...]

Crypto High-Yield Savings Account

Crypto High-Yield Savings Account Remember the days when high-yield savings account paid 1.5% interest? Granted, this was a few years ago, but I was super excited when I first found out about them. It was a better interest rate than a lot of CDs I had seen but with the added perk of not being locked into the savings account for years. I had a similar experience in the crypto space, but this time the interest rates were around 7.5%. You read that right, 7.5% interest to put your money in an account similar to a savings account. [...]

Paid|0 Comments
Go to Top