Crypto Crash Course

A free, week-long course where you’ll learn by doing.

Day 1 Security, Fundamentals, and Ethereum

Learn how to set up a hardware wallet, purchase ETH on a centralized exchange, and use the Ethereum network.

Day 2: NFTs 101

Register your first NFT, an ENS domain name. Navigate OpenSea: bid on, buy, and list an NFT for sale. Wrap up by minting an NFT on OpenSea.

Day 3: Defi 101

Bridge from Ethereum Mainnet to the Polygon sidechain. Borrow and lend on Aave.

Day 4: Defi 102

Trade on a decentralized exchange. Provide liquidity to a liquidity pool. Participate in a liquidity mining program.

Day 5: Defi 103

Analyze our Defi positions. Check out Curve. Discuss key risks in Defi. Consolidate and bridge our assets back to Ethereum Mainnet.

Prerequisites

#1: Get a Hardware Wallet

Buy the Ledger Nano X (if it’s showing delayed delivery, the Nano S model will work just fine). Only buy direct from Ledger’s website, never from Amazon or any other 3rd party. These ship from France, so you’ll want to get a head start on this.

The number one thing you can do to protect your crypto assets is to use a hardware wallet.

There are a few different hardware wallets on the market. Ledger and Trezor are the two most popular brands. Neither are amazing, and you are going to have a love/hate relationship with this device.

I look forward to the day where I can make a recommendation I’m super excited about. But for now, the Ledger Nano X is the best choice (if they are backordered, the Nano S is fine too).

#2: Fund an Exchange Account

To follow along, you’re going to need some cryptocurrency. The easiest way to buy some is to use an exchange, where you can wire fiat currency (USD, CAD, EUR, etc) and trade for cryptocurrency (BTC, ETH, etc).

I’m going to fund the example account with $10,000. I’d recommend starting with anywhere from $2,000 to $10,000. Realistically, starting with less than $2,000 is going to be an uphill battle due to transaction fees we’ll incur trying out a bunch of networks and applications.

If you fund your account by ACH, most exchanges will let you trade immediately but will not let you withdraw until the ACH clears (several business days). If you fund your account by bank wire, most exchanges will let you trade and withdraw immediately.

Don’t worry about buying any cryptocurrency yet, we’ll go over that on day 1.