8/6/2021 New to Ethereum?

- EthHub

Ethereum New User Guide

New to Ethereum? You're in the right place! This guide will walk you through the
necessary steps of getting onboarded to the Ethereum network.

Buy ETH
In order to interact with the Ethereum network, you will need to own Ether (ETH).
The easiest way to acquire ETH is to buy it on Coinbase
[https://www.coinbase.com/price/ethereum?r=conner_k3] or on any of these
exchanges [https://docs.ethhub.io/using-ethereum/how-to-buy-ether/].

One important note is that you do not need to buy 1 full ETH. Ether is divisible down
to 18 decimal places so you can buy fractions of it.

Setup MetaMask
Now that you have ETH, you will want to send it to a wallet
[https://docs.ethhub.io/using-ethereum/wallets/intro-to-ethereum-wallets/] of your
choice to store it and use it on the network. Wallets setup accounts for you which
are randomly generated 42 character long addresses starting with 0x. Accounts
allow you to store and use ETH by generating transactions
[https://docs.ethhub.io/using-ethereum/transactions/] on the Ethereum network.

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We recommend first moving your ETH to the MetaMask wallet

[https://metamask.io/]. MetaMask is a browser extension that allows you to interact
with Ethereum dapps [https://docs.ethhub.io/built-on-ethereum/built-on-ethereum/]
inside of Chrome, Brave, Firefox or Opera.

MetaMask has a nice video to help you get setup:

How To Use MetaMask: Ethereum Wallet in your Browser

After MetaMask is setup, you now have your own wallet address (0x......). You can
go to Coinbase and send your acquired ETH to your new wallet address. This should
take about a minute and you will see the ETH show up in your MetaMask wallet.

Setup Mobile Wallet (optional)

Every Ethereum account can be restored via a random string of words. In the
MetaMask setup above this was referred to as the seed phrase. It is possible to
have this same account in multiple different wallets, including mobile wallets
[https://docs.ethhub.io/using-ethereum/wallets/mobile/].

We recommend downloading Coinbase Wallet [https://wallet.coinbase.com/],

clicking restore and typing in your seed phrase. Your wallet is now also mobilized!

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Try Ethereum Applications

Now that you have ETH in a wallet of your own, you can use any of the amazing
applications [https://docs.ethhub.io/built-on-ethereum/built-on-ethereum/]
(sometimes referred to as dapps) that have been built on Ethereum.

There are many different types of applications built on Ethereum but here are a few
suggestions to get started:

Decentralized Finance

Compound [https://compound.finance/]: Lend and borrow ETH or other tokens.

Uniswap [https://uniswap.exchange/swap]: Easily trade your ETH for other

tokens.

Games

CryptoKitties [https://www.cryptokitties.co/]: Collect and breed digital cats.

Gods Unchained [https://godsunchained.com/]: Free-to-play digital trading card

game built on Ethereum.

Collectibles

OpenSea [https://opensea.io/]: Buy, sell and discover rare digital items.

Origin Protocol [https://www.originprotocol.com/en]: Decentralized

marketplaces on the blockchain.

Other

ENS [https://manager.ens.domains/]: Buy an ENS name to give your address a

more human readable format (myetheraddress.eth).

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PoolTogether [https://www.pooltogether.us/how-it-works]: Join a no-loss lottery

for a chance to win a prize.

Long term storage

As you continue to use Ethereum, you might start to acquire more ETH and other
tokens. It is highly recommended to store larger amounts of crypto in solutions such
as hardware wallets and smart contract wallets which are more secure than basic
account wallets.

Hardware wallets [https://docs.ethhub.io/using-ethereum/wallets/hardware/] are

the most-secure method for accessing your funds while online, as they do not
expose your private key to the internet when signing transactions.

Smart contract wallets [https://docs.ethhub.io/using-ethereum/wallets/smart-

contract-wallets/] are wallets with unique abilities due to the power of smart
contract functionality. They enable additional security and recovery features for
users.

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