I’ve been receiving queries on investing in Crypto and DeFi recently, probably thanks to my recent portfolio review and my lessons learnt from DeFi articles.. I decided to save a lot of my time explaining stuff to people individually by penning down the core basics for you guys. Do let me know if anything’s unclear. Risk Warning: Crypto is a giant minefield and dangerous AF. Do not read further if you are not willing to take on the numerous risks in Crypto.

Overview Below is a overall diagram of the typical fund flows necessary to invest in crypto. Depending on your preferred path / coins you wish to invest in, you will need to set up certain accounts / buy certain stuff. I broadly classify them into 2 routes: Using centralised exchanges (CEXs) / custodial servicesUsing decentralised exchanges (DEXs) / non-custodial services Each route has its advantages...