Things to do with a Crypto Wallet
Here’s a list of all the things you can do with your wallet
Purchase an NFT.
NFTs are now worth $17 billion. If you want to purchase, sell, or mint NFTs, you’ll need a self-custody wallet like Coinbase Wallet, which lets you go to different blockchains, interact with NFT exchanges like OpenSea, and start buying or bidding for them.
Decentralized exchanges allow you to trade thousands of cryptocurrencies.
With Coinbase Wallet, you may trade hundreds of thousands of cryptocurrencies on decentralized exchanges (or DEXs) like Uniswap and Sushiswap, including those that aren’t available on the centralized Coinbase exchange.
Connect blockchains with crypto.
Exploring low-fee blockchains such as Avalanche and Polygon is a good way to save money on transaction fees while also getting your mind around crypto apps.
You can begin by “bridging” crypto housed on one blockchain to another, such as the Ethereum blockchain.
DeFi protocols can be used to earn incentives.
You may utilize dapps like NFTfi to take out loans against some of your NFTs or use apps like Aave to lend your crypto to other users for interest. You can also borrow crypto directly from other individuals.
Play a cryptocurrency game (and potentially earn some rewards)
DeFi Kingdoms, for example, has millions of users and has developed its own full-featured marketplaces and incentive structures that allow the most dedicated gamers to make money while they play.
Before attaching your wallet, always do your homework.
Decentralized finance has a lot of potential, but there are always hazards and frauds when it comes to new technology.
So, before connecting your wallet to any dapp, protocol, NFT project, or game, do your homework. Also, if at all possible, utilize dapps with verifiably audited smart contracts.