Credit to Yao Ma from Coinbase for these tips 😇 Feel free to reach out to him on LinkedIn for any follow-up questions
Suggest ONLY trade with the money you can afford to lose. If you find Ethereum gas price outrageous (check here for the current state of gas prices) relative to the amount that you are playing with, some of the activities on Ethereum can also be done on Polygon, where you need some MATIC to pay for the transaction fees; you can get some MATIC from this faucet. And if you want to get serious (i.e. playing serious money that would be painful to lose) about this, consider getting a hardware wallet (Ledger and Trezor are the well known ones for retail customers).
- Bitcoin
- Run a bitcoin node on your computer. Can google how to do it
- Transfer btc from coinbase to your own wallet in your computer
- Run an Ethereum node to contribute to the decentralization
- Crypto Trading
- Trade on Coinbase Pro (NOT Coinbase.com) using limit order and market order
- Ethereum Basic
- Buy ETH on Coinbase Pro and install chrome metamask wallet (or Coinbase wallet)
- Transfer eth from Coinbase Pro to your metamask wallet
- Use Ethercan to track your transaction
- Advanced: find out who owns this ($273mm) account using Etherscan
- Decentralized Exchange
- Uniswap
- Trade on Uniswap using Metamask wallet
- Provide liquidity in Uniswap using Metamask wallet
- Curve.fi
- https://curve.fi/
- Trade stable coin pair (eg DAI/USDC, renBtc/wBtc) in curve.fi
- Web3 Infra
- The Graph:
- Try out Uniswap v2 subgraph here to find how many tokens called “USDC” are there. See related slack msg here
- Defi
- Borrow/lend on compound.finance
- Use Zapper.fi, Zerion, Debank to management your portfolio
- NFT:
- Buy a NFT on open sea
- Register your own ETH domain name in ENS
- ETH Layer 2
- Need for speed? Try out Polygon Layer 2. Tutorial below.
- https://learn.zapper.fi/articles/farm-stablecoins-with-curve-on-polygon
- https://en.cryptonomist.ch/2021/04/18/how-to-use-polygon-defi-earn-matic-on-aave/
- Optimism and Arbitrum are now also available
- Cross-chain:
- Move your BTC to Ethereum renBtc
- https://bridge.renproject.io/mint
- Coinbase earn program. Go through a few tutorials and you will receive free crypto plus learn a ton about crypto. For example GRT.
- Other (L1) chains to explore. If you feel even more adventurous, consider exploring other Layer 1 chains, such as Avalanche, Polkadot, Solana.
- Sign up for some platforms:
- Earni.fi — Check for airdrops you may have missed or sign up for alerts on your public address
- debank.com — Excellent portfolio tracker for defi