Token Takeaways ✍
✨ While the token space can feel overwhelming, the Internet has many useful resources to help you explore the space.
✨ Having an active bank account and debit or credit card is helpful for collecting tokens and withdrawing funds from the ecosystem.
✨ token.com offers a unified experience with all of the most important tools you need to start your token journey.
There’s a lot to learn when entering the token space, but fortunately there are useful tools that can help you on your journey. While the ecosystem has become more complex as it’s evolved, the number of handy resources available has also increased. Making use of these tools will help you navigate the space and achieve your token goals. We put together a list of some of our favourites in this guide to help you make your start in tokens. Read it once you’ve digested our list of steps to take to commence your journey and you’ll be well on your way to maximum token fulfilment.
A payment card and bank account 🏦
The token universe offers an alternative to the traditional finance system. In the future, it could help “bank the unbanked”—a goal crypto visionaries like Vitalik Buterin have long aspired to.
Still, as we are early in the token lifecycle, having regular money in a bank account is important. Bank accounts offer a way to enter and exit the ecosystem, gain exposure to tokens and withdraw funds. Until tokens hit mass adoption and 1 billion people use them every day, users will need banks to make a smooth transition between the regular world of today and the tokenized world of the future.
Alongside a bank account, a payment (debit or credit) card can help with buying tokens. token.com also supports PIX payments for Brazilian users, but you can also easily buy tokens with a credit or debit card.
As we noted in our guide on starting out in tokens, it’s also crucial to ensure your finances are in check before looking into tokens. Maintaining a healthy bank account is an important step towards achieving this goal.
Token news services and publications 📰
Tokens and the blockchain technology powering them live on the Internet. It makes sense, then, that the Internet is the most powerful tool for learning about the space. The web has an abundance of helpful educational resources for getting up to speed on tokens. Specialised news services offer up-to-the-minute reports on key developments, while social media is great for diving deeper into the ecosystem.
Popular crypto news outlets include The Block and CoinDesk. In the social media space, Twitter is widely seen as the space’s town square. This is because so many key personalities use it to discuss the promise of tokens. YouTube, meanwhile, is a treasure trove for podcasts like Bankless and Unchained.
However, keeping up with tokens across multiple apps and websites can feel draining. Thankfully, token.com offers all of the information you need in one place. Collections cover the key niches in the space. Trending Tokens and Top Movers track projects in the spotlight. And our live news feed shares updates on the latest stories as they break. We’ll also expand the app to support video in the future.
In short, social media services like Twitter and YouTube have a wealth of information related to tokens, but you can always find the essential highlights through token.com.
CoinGecko is one of the most popular websites for token explorers. A data aggregation tool for the crypto market, CoinGecko offers detailed insights into the top projects in the space. It’s a handy resource for getting information like prices on the top tokens.
CoinGecko is particularly useful for getting a picture of the performance of the overall space in real time. It’s also good for keeping track of newer tokens. While token.com works hard to list the most important projects as soon as they hit the market, CoinGecko offers insights into over 10,000 tokens.
Of course, we also provide up-to-date information on tokens through token.com. Our Cards showcase every project’s 24-hour market performance. We also make it easy to find the latest big gainers and losers through the Top Movers section. This is in addition to our educational writing distilling every project’s goal and utility.
In summary, you can always keep track of the market through token.com. But for deeper insights, CoinGecko is a handy tool trusted by many of the space’s biggest crypto devotees.
A Web3 wallet and token exchange account 🦊
token.com is your entry point into the token space. You can use it to learn about tokens and support projects you believe in without dealing with the complexities associated with other cryptocurrency wallets.
However, if you want to actively use the top crypto applications, you also need a Web3 wallet such as MetaMask. Web3 wallets let you connect to decentralised blockchain applications such as Uniswap, Aave and OpenSea. They differ from token.com as they require you to manage private keys to control your funds. That’s why you should also have a piece of paper (or more durable material like steel) for storing your seed phrase if you use one.
Thanks to tools like token.com, it’s not essential to set up a Web3 wallet to get into crypto. However, if you choose to use one, you should also set up a cryptocurrency exchange account for sending funds to your wallet. Coinbase and Binance are two of the space’s biggest today.
Web3 wallets are harder to use than token.com, and they target more advanced users. But if you want to properly explore the ecosystem, using a Web3 wallet is the way to do it. It’s a good idea to use minimal funds to try out crypto apps with a Web3 wallet—and remember to look after your seed phrase.
NFTs are one of the crypto space’s most promising technologies. Today, OpenSea is the world’s leading NFT marketplace.
Token fans connect to OpenSea with a Web3 wallet such as MetaMask to explore and collect NFTs. If you want to build up your own collection, OpenSea is currently the best place to start.
Although token.com does not support standalone NFTs today, it’s a space we believe in and monitor very closely. You can get indirect exposure to the NFT space through the tokens listed in our NFT Staples Collection and ETH, the most popular asset for NFT purchases.
If you check out OpenSea, be aware of the risks of NFT collecting. NFTs are volatile assets that fluctuate in value like other projects—you could lose any funds you put into them.
token.com is actively researching the NFT space to ensure that our app experience caters to the technology’s fans as the space grows.
The token.com app and website 🌠
While there are many tools that can help you navigate tokens, we think token.com is the handiest of all.
The token.com app offers key information and access to all of the leading token projects, so you can learn and support the projects you align with. You can also get useful insights on trends and news developments as they emerge through the Explore tab.
The token.com website is also an educational hub suited to crypto adopters of every level. Our Learn hub covers key topics in a snackable way, while our blog goes deep on topical events and product news.
If you want to stay ahead on tokens without needing to check the website, you can get the important items delivered straight to your inbox through our newsletter. Sign up at the bottom of the page.
token.com is the best place to learn, explore, and master tokens as we find the most important projects, concepts, and developments and put them in one place for you. If you use only one tool to navigate the space, it should be token.com.
Discover more 👀
That just about covers it. With a bank account and payment card, you’ll be able to fund your first crypto purchases, while the top news publications and Web3 tools can help you dive deeper into the ecosystem. Above all, though, token.com provides you with the important stuff to help you get the most out of the space in a fun and snackable way. Carry on browsing our website to learn more.
Please note: Investing in cryptoassets is risky. Due to the volatile nature of the cryptocurrency market, investors run the risk of losing their funds when they make an investment. Returns from cryptoasset investing are not guaranteed, therefore users should always be aware of the risks.