π How to Start Trading on STON.fi: A Beginner's Guide to Decentralized Exchanges
STON.fi is a decentralized exchange (DEX) on the Everscale blockchain that allows users to π trade cryptocurrencies without intermediaries and without the need for KYC verification. This means that anyone can participate in trading without complex procedures or restrictions.
π¦ Step 1: Setting Up a Crypto Wallet
To trade on STON.fi, you will need a wallet that supports Everscale. The most popular options include:
- π₯ EVER Wallet (browser extension, convenient for PC users).
- π± TON Wallet (for mobile devices, provides quick access to your assets).
After installation, create a wallet and write down your π seed phrase in a safe place. Do not share this information with anyone, as it is the key to your funds.
π° Step 2: Funding Your Wallet
To start trading, you need EVER tokens (the main currency of the Everscale network). You can:
- π³ Buy EVER on a centralized exchange (such as KuCoin, Gate.io) and withdraw it to your wallet.
- π Obtain EVER through P2P exchanges or receive tokens from friends.
Make sure you have some EVER to cover transaction fees, as blockchain transactions require a small fee for processing.
π Step 3: Connecting to STON.fi
- Go to the official STON.fi website.
- π Click "Connect Wallet" and choose your wallet.
- β Confirm the connection and check if your balance is displayed correctly.
If you encounter any issues, ensure that your wallet supports interaction with the site and has internet access.
π Step 4: Swapping Tokens
- Enter the tokens you want to exchange.
- π Select the tokens you want to receive.
- π Review the exchange rate, fees, and liquidity.
- π Click "Swap" and confirm the transaction in your wallet.
The exchange process is instant, and tokens will be credited to your balance almost immediately after the transaction is completed.
πΈ Step 5: Using Liquidity Pools (LP) to Earn Income
STON.fi allows users to earn by providing liquidity. You can add your tokens to liquidity pools and receive π΅ fees from swaps. This is a profitable way to earn passive income, but remember the risks of volatility.
Before adding liquidity, familiarize yourself with the potential rewards and fees, as well as the possibility of impermanent loss, which can affect your profits.
β οΈ Tips for Beginners
β
Always check the website URL to avoid scams.
π Keep your private keys secure and do not share them with third parties.
π‘ Start with small amounts to avoid losses due to mistakes.
π‘ Use only official resources to interact with the exchange and verify contract addresses before making transactions.
Now you're ready to trade on STON.fi! π Explore the opportunities of decentralized trading and earn in a secure environment. Good luck! π