How to Start Trading on STON.fi: A Step-by-Step Guide

STON.fi is a decentralized exchange (DEX) built on the TON (The Open Network) blockchain. This platform allows users to exchange cryptocurrencies directly with each other without intermediaries, while retaining full control over their assets. If you're new to the world of decentralized finance (DeFi) or just starting to use STON.fi, this article will guide you through how to quickly and safely start trading on the platform.

Step 1: Create a Cryptocurrency Wallet

The first and most important step is to create a cryptocurrency wallet that supports Toncoin (TON), the main token of the TON ecosystem, as well as other tokens available on STON.fi. You can use one of the following wallets:

Tonkeeper — a user-friendly and secure wallet for TON users, available for mobile devices.
Tonhub — another popular wallet with an easy interface for managing TON assets.

After downloading the wallet, follow the instructions to create a new account. Be sure to save and protect your seed phrase (12-24 words) provided during registration. This phrase is the only way to recover access to your wallet if it's lost.

Step 2: Fund Your Wallet with Toncoin (TON)

To start trading on STON.fi, you’ll need Toncoin or other supported tokens for making trades and paying fees. Here are a few ways to fund your wallet:

Buy Toncoin on centralized exchanges. You can purchase Toncoin on exchanges like KuCoin or OKX and transfer it to your TON wallet.
Via P2P platforms. If you prefer to buy Toncoin directly from other users, you can use peer-to-peer (P2P) platforms that facilitate secure crypto exchanges.

Make sure to send funds only to the correct address of your wallet, and double-check all details before confirming the transaction.

Step 3: Connect Your Wallet to STON.fi

Now that you have a wallet and funds, you need to connect your wallet to STON.fi. To do this:

Go to the official STON.fi website using your browser.
Click on the "Connect Wallet" button.
In the pop-up window, select your wallet (e.g., Tonkeeper or Tonhub) and confirm the connection request via the wallet app on your mobile device.

Once connected, your wallet will be ready to use on the STON.fi platform.

Step 4: Make Your First Trade

To make a trade on STON.fi, follow these simple steps:

Select the tokens for exchange. On the main page of STON.fi, choose the cryptocurrency you want to exchange and the one you wish to receive. For example, if you want to exchange Toncoin (TON) for another token, select the corresponding trading pair.
Enter the amount. Input the amount of tokens you want to exchange. The system will automatically show you the estimated amount you will receive, factoring in liquidity and fees.
Check the trade details. Before confirming the transaction, make sure all details are correct and note the exchange fee. Fees on STON.fi are generally much lower compared to centralized exchanges, thanks to the efficiency of the TON blockchain.
Confirm the exchange. After verifying all the details, confirm the transaction in your wallet. The system will prompt you to confirm the trade through your wallet using your seed phrase or another method of authorization.

Once confirmed, the exchange will be executed within seconds, and the new tokens will be credited to your wallet.

Step 5: Earn by Providing Liquidity

In addition to trading on STON.fi, users can earn by providing liquidity. To do this, you can add your tokens to liquidity pools. Here’s how:

Go to the "Liquidity Pools" section on STON.fi.
Choose a pool to which you want to contribute your tokens. For example, you can contribute Toncoin and another token to improve the liquidity of a trading pair.
Add liquidity. Enter the amount of tokens you want to contribute and confirm the transaction via your wallet.

For each trade made through your pool, you will earn a reward in the form of a fee, which can become a source of passive income.

Step 6: Stay Safe

Trading on decentralized exchanges requires extra attention to security. Here are some tips:

Keep your seed phrase in a secure place. Never share it with third parties and avoid storing it in easily accessible locations.
Use official websites. Always double-check the STON.fi website address before connecting your wallet to avoid phishing attacks.
Check fees. Some tokens may have additional withdrawal or exchange fees, so carefully review all details before confirming the transaction.

Conclusion

STON.fi offers a convenient and secure way to trade cryptocurrencies within the TON ecosystem, giving users full control over their assets. With easy wallet setup and a user-friendly platform, anyone can start trading or earning liquidity with minimal effort. By following this step-by-step guide, you’ll be able to quickly begin using STON.fi and become part of the decentralized economy.

STON.fi DEX: https://ston.fi/

Discord: https://discord.gg/bdmaGV6qUw

Twitter: https://twitter.com/ston_fi

Guides: https://guide.ston.fi/ru/

ENG Telegram Channel: https://t.me/stonfidex