How do you get involved in DeFi?

To invest in DeFi, first get the tokens you need from Binance Smart Chain. You will need BNB (BEP20) to be able to buy. Then you need a wallet with a dapp browser to be able to trade tokens in exchanges like Pancake Swap, Venus, Uniswap, etc. Wallets endorsed are Trust Wallet for mobile and Metamask for desktop. Once you have the tokens and the wallet, you can venture safely into the DeFi ecosystem.

Feeling lost? Learn DeFi trade basics from Binance Academy.

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What is DeFi Tokens (DeFi)

Decentralized finance tokens, or more commonly known as DeFi tokens, are decentralized applications that run on blockchains with smart contracts. They aim to transform banks, exchanges, and other traditional financial systems through the use of cryptocurrencies, reducing or eliminating the need for third parties.

Most of the DeFi tokens run on the Ethereum blockchain. Users can trade, get loans, earn interest, and more. Despite its hype and outstanding yields, DeFi tokens are considered high-risk investments with high volatility.

Some popular DeFi tokens include Uniswap (UNI), SushiSwap (SUSHI), PancakeSwap (CAKE), Wrapped Bitcoin (WBTC), Dai (DAI), Compound (COMP), Avalanche (AVAX), Chainlink (LINK).

How to buy DeFi Tokens

Buy from DeFi Composite Index

DeFi Composite Index, the first such index derivatives product by Binance. It allows users to more easily track the fast-growing DeFi protocol tokens listed on the exchange. It is calculated by using weighted averages of real time prices and is denominated in USDT. Discover DeFi Composite Index at Binance Futures.

Deposit Fiat and Trade

Use Fiat Deposit to add cash balance of your local currency into your Binance account. With the amount deposited, you can immediately complete a spot trade with the available DeFi pairs such as UNI, CAKE, YFI, LINK, AAVE, SXP and 1INCH.

Purchase DeFi Tokens Directly

Buy DeFi tokens with credit/debit card. Choose from UNI, CAKE, LINK, MKR, and COMP on Binance Buy Crypto page.

Buy and Sell DeFi Tokens on the Move

Download the Binance crypto trading app and trade your DeFi plus 300+ cryptocurrencies, anytime and anywhere.

Binance: Where The World Trades DeFi Tokens

Fast

Binance’s world-class matching engine ensures that your crypto trading experience is quick and reliable.

Simple

Trading crypto on Binance is easy and intuitive. You only need a few steps to buy DeFi Tokens instantly.

Secure & Trusted

Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.

Liquid

Binance is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.

What to Do After I Buy DeFi Tokens

Store/Hold DeFi Tokens

Many users hold on to their DeFi Tokens with the expectation of it increasing in value. You can store your DeFi Tokens safely on your Binance wallet or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.

Trade DeFi Tokens

You can trade for 300+ cryptocurrencies on Binance’s industry-leading, fast, and secure trading platform. Binance offers many trading pairs for DeFi Tokens trading to meet your needs.

Earn DeFi Tokens

Earn Rewards by staking coins. Staking is a great way to maximize your holdings in staking coins that would otherwise be sitting in a wallet or trading account.

Learn More About DeFi Tokens

You can read more in-depth articles on DeFi Tokens and study how cryptocurrencies like DeFi Tokens work on Binance Academy'

Start buying DeFi

If you’re ready to take the next step and want to buy some DeFi Tokens, take the next step with Binance!

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