Decentralized Finance or DeFi is going all the rage nowadays, and many people are getting into the DeFi platform for the first time. The bad news about first-timers in the world of DeFi is that often they don’t know where to start. As a beginner in DeFi, it’s important for you to use some tools that can help you understand DeFi better.
Here are 3 tools to get you started with Decentralized Finance (DeFi):
Coinbase Wallet is the wallet version of the Coinbase platform, but it’s quite different from the Coinbase exchange platform. Coinbase Wallet offers you the app to store all your crypto assets, which include various cryptocurrencies and non-fungible tokens.
Not only that, but you can also use this wallet to access the decentralized exchanges and trade your assets on the DeFi platforms.
Here are some features of Coinbase Wallet:
- You can use this wallet with no need to have a Coinbase account, and it’s available on mobile, desktop, and browser.
- You can secure all your crypto assets in one place, which includes cryptocurrencies and NFTs, and you can trade your assets on the DeFi platform connected to this wallet.
- It provides a secure storage system that protects your private keys with various security layers, such as biometric authentication, cloud backups, and Secure Enclave.
- You can earn interest for your crypto assets by lending your assets in this wallet.
Official URL: https://wallet.coinbase.com/
Monolith is another tool that you can use to get yourself started with the Decentralized Finance platform. The Monolith app allows you to buy, spend, and hold cryptocurrencies, and it’s connected to the Ethereum DeFi platform.
It also provides the Monolith Visa card for European account holders, with zero fees per month. Not only that, it will protect your account with various layers of security to keep it secure and private for you.
Here are some features of Monolith:
- The wallet stores your crypto assets and keeps it, and it’s easy for you to buy crypto assets with your Visa or MasterCard via in-app purchase.
- It uses biometric authentication and Secure Enclave to keep your private key secure within your device.
- You can request the Monolith Visa debit card, use it for various transactions that accept Visa cards, and track your spending with the app.
- It has the TKN system that runs on the Ethereum network, with the Community Chest smart contract that benefits the Monolith users.
Official URL: https://monolith.xyz/
Zapper is the dashboard platform for DeFi, which allows you to track all your DeFi portfolio in one place. With this dashboard, you don’t need to log into each wallet one by one, as you just need to connect all your wallet accounts on this platform.
Zapper supports various wallet accounts, such as Trezor, MetaMask, Coinbase Wallet, Torus, and so on.
Here are some features of Zapper:
- You can manage all your DeFi wallets and crypto assets in one place.
- It has a simple interface you can use with ease, even if you are still a beginner in the world of DeFi.
- It supports various popular wallets for DeFi, and it’s easy to connect your wallet accounts with this platform.
- Zapper also provides plenty of resources for you to learn more about Decentralized Finance.
Official URL: https://zapper.fi/
Also, check out bitcoin era site to know more about bitcoin’s future trading path.
You can use these tools to get yourself started with the DeFi platform. Decentralized Finance is an enormous world that you can explore better with the use of these tools. Good luck!