How to Buy SWERVE Protocol Crypto (SWERVE)
What is SWERVE Protocol(SWERVE)?
According to Coingecko, SWERVE Protocol is : The SWERVE protocol is a decentralised asset provider enabling users to access alternative non-USD stable coins through staking of collateral. The SWERVE protocol also is a decentralized on-chain liquidation engine system powering derivatives markets on trading and lending platforms on Solana. Right now, there are no major non-USD stable coins leading to a dependency on the dollar. SWERVE is enabling users to gain onchain exposure to other currencies like KRW, JPY, etc. This enables additional market pairs to enter the Serum ecosystem as a new base is introduced. The liquidation engine aspect of the protocol plays a key role in keeping a healthy Solana ecosystem. By managing liquidations and providing capital across several different derivatives and lending platforms, the overall usability and health of the platforms are substantially increased, which helps further advance the ecosystem.
Where can I buy SWERVE Crypto?
You can buy SWERVE Protocol on Bonfida. One of the best Decentralized Exchanges on Solana.
How to Buy SWERVE Protocol Crypto?
Step 1 - Setting up a Phantom Wallet
Phantom is by far the most used walled in the world of Solana. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Solana Network, Phantom will be your best friend. Setting up the wallet is also very simple and easy.
Head over to https://phantom.app/download and click on the browser that you're using to download. You'll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you're using and install the extension.
You are now the Welcome Page of Phantom. Click on 'Create a new wallet' Now type your password.' Choose a strong password for your Phantom wallet and continue.
Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.
Click on reveal your backup phrase and write down every word on paper. Make sure you don't save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, confirm everything is correct and click "Done". You should be done now with the wallet.
Step 2 - Buy Solana on Simpleswap
Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy SOL and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.
Click here to access Simpleswap
Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for SOL, and click "Exchange", just like this:
Now we need to copy our Solana address from the Phantom wallet. Open the Phantom extension, hover your account name and click the copy button on the Solana address, just like this:
After you copy your address, just paste into here:
And click "Create an Exchange"
You can now choose between Google Pay or card to complete the payment:
Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in Metamask.
Step 3 - Swap SOL to SWERVE Protocol on Phantom
The easiest way to trade tokens on the Solana Chain is right on the Phantom wallet. Select this tab at the bottom
Before we swap SOL for SWERVE, we need to prepare your Phantom Wallet to receive SWERVE Protocol. Open Phantom, Click "Manage Token List", and press the "+" this icon on the right.
This operation will have a small cost in SOL as you can see above.
Now fill in like this:- Mint Address: 45ojchnvC3agGNvs86MWBq8N4miiTY6X8ECQzgQNDE4v
- Name: SWERVE Protocol
- Symbol: SWERVE
Click "Add", confirm and you should be done
You can check the price and confirm the correct token address of SWERVE Protocol on Coingecko.
Let's buy some SWERVE Protocol!
Click on this tab to access the swap tools
About You'll see the swap details. You now need to select the token you want to trade SOL to. So click on the token that you'll receive and choose SWERVE Protocol
Now select the amount of SOL you want to trade to SWERVE
Make sure everything is correct, confirm and accept, and you should be done!
Wait a few minutes, and your SWERVE should appear on your Phantom Wallet.
Congratulations! You are now a proud Investor of SWERVE Protocol!
Why should you buy SWERVE Protocol?
SWERVE Protocol is really one of a kind project. The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.
Check out SWERVE Protocol links:
Please make sure you read our Disclaimer. We are not financial advisors.
