Over the weekend, Ethernity Chain crushed it.
And I expect this to continue for a long time.
It's an up-and-coming coin.
This one is just getting started.
But we received many comments this weekend about how to buy it.
It seems like with this mad rush of people into crypto recently,
there's been a steep learning curve for people trying to learn how to buy coins.
Today, I'm going to show you how to use a decentralized exchange
in order to buy altcoins that aren't on Coinbase or Binance.US.
Let's get it!
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Welcome to BitBoy Crypto! The largest crypto channel in all the Interwebs.
My name is Ben.
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In today's video, I'm going to be showing you guys how to figure out where to buy altcoins
and how to use a decentralized exchange in order to make the trades.
So let's go ahead and jump into the tutorial.
Okay, so it's came to my attention that a lot of people that are watching the channel are newer.
You don't necessarily understand how to use Uniswap or BitSwap.
You don't know how to find tokens, where you buy them and things like that.
So we'll do a quick tutorial on this.
So the first thing you've got to do is you've got to figure out where to buy the token you're looking at.
So in this example, we're going to use Ethernity Chain because a lot of people asked me over the weekend,
along with how to buy ECOMI,
so we're going to talk about that, too.
So, let's start here by going to coingecko.com.
Now, on CoinGecko,
all you've got to do is click up here,
and you can see the top projects that are being searched right now.
You guys can see Ethernity Chain is right here.
ECOMI is here.
But if they were not on this list, you would just search it.
So let's search for Ethernity Chain.
So it comes right up.
Make sure you're looking at the right token.
ERN.
So you click here.
And it will take you to this page right here.
This is the token page.
It shows you everything you need to know about the coin you're looking at.
Right now, the price is coming in at $42.46.
I think it topped out at about $46-- $49.
Wow, almost hit $50.
You guys can see $50, you know, being some resistance there.
But what you can do at this point is come down here and click this tab, Markets.
This is going to show you every place that it is available at.
So you have Uniswap as the No. 1 place to get it.
You have Gate.io and Bilaxy.
I've actually never used Gate.io or Bilaxy.
If it's on a decentralized exchange and the gas fees are not super high at that moment,
I usually use that because it's just easier. You don't have to create an account.
It all happens seamlessly.
So this is how you find out where to buy it.
Now, you're going to need what's called the contract address.
And we're going to talk about what MetaMask is,
how to add it to MetaMask,
how to search your token to actually make the trade.
But I also want to show you guys something because a lot of you guys are asking me about ECOMI.
So let's go over here to ECOMI.
And you guys can see that when you go here,
and you go down to markets,
you guys can see that it is on Bitforex and BitMax, two centralized exchanges.
It's actually not on Uniswap right now.
It's actually not an Ethereum token.
You can tell that because there's no contract address here.
And for the explorers, this one is on Gochain.
So you guys can see that right there.
But let's go ahead and move on.
I'm going to show you guys how to buy Ethernity Chain and how to use this.
So let's go back to the Ethernity Chain page here on CoinGecko.
So here it is, Ethernity Chain.
You're going to need to install MetaMask.
If you look up here at the top right hand side of my screen,
you see the fox.
This is the MetaMask logo.
So I've already installed MetaMask on to my browser.
So for you to do that, just Google MetaMask extension,
and then you're going to be able to see right here.
Make sure that you're using, you know, the legit website, metamask.io.
Sometimes, Google Ads can have scams in them.
So you see one at the top that says Ad,
stay away.
So right here, if you click on metamask.io, it's going to take you to the MetaMask website.
It's going to show you how to download it.
It's going to give you some description on what it is, how to use it, and things like that.
So if you just click Download,
it's going to take you to the MetaMask download page.
You just click Install MetaMask for Chrome.
It's going to take you to the Chrome Web Store,
and you're going to install it.
Now, you can install this on Chrome or on Firefox.
I think they have it for Safari, but I've never used it for Safari.
So once you have this downloaded,
you're going to enable it on your download list over here.
You're just going to come down here, click on settings.
So once you're on the settings page,
you can come down here to extensions and click this,
and it's going to show you all the different extensions,
and, of course, you can, you know, check out the details or enable.
You just turn it on right here.
And then, of course, you can add it to your top bar up here,
so it's available at all times.
So that's how you install MetaMask.
So let's show you how to use it.
Here, we're on uniswap.org,
and you can click Use Uniswap,
and it's going to take you to the actual app where you make trades.
I don't use Uniswap.
I use bitswapdex.io.
This is my personal decentralized exchange aggregator.
This crawls Uniswap along with a ton of other decentralized exchanges
to give you the best price.
So I'm going to actually be showing you how to do this with bitswapdex.io,
but it does work with MetaMask as well.
Okay, so now I can connect my wallet.
I'm on bitswapdex.io.
Click Connect wallet.
Hit MetaMask.
It's going to take you to this page where you're going to connect your account.
So I made a demo account specifically for this purpose,
so I'm going to connect this one and hit Next.
And hit Connect.
And boom! Here it is. You guys can see, I'm automatically connected.
I have 0.2 ETH in this wallet.
Now, you're going to come back over here to Ethernity Chain,
and you're going to click copy.
So now, you've copied the contract address for Ethernity.
So I'm going to come back over here to BitSwap.
I'm going to search for this token.
I'm going to type that in there.
And that is going to give you the option to add it.
So click there.
And now, it's going to be added to your list.
Now, you've got to figure out how much you want to buy.
So we're going to buy 1 ETH's worth, so we're going to hit 0.1,
and then it's going to automatically update with how much we're going to be able to buy.
Then you're going to hit Swap.
And hit Confirm Swap.
Now, we're going to have to confirm it in our wallet,
so it shows you what the gas fee is.
The gas fee is $129,
so you probably are going to want to be swapping more than just a couple $100 worth,
or else this isn't going to be worth it.
We're going to hit Confirm.
And now, the transaction is going to be submitted.
It's going to show up here in pending,
and it's going to come through here in just a little bit and confirm.
So you guys can see, it has now gone through.
You guys see up here where it says Swap 0.1 ETH for 4.11 ERN.
You click here to check out the token explorer-- Ethereum Explorer to see what it looks like.
And that's it.
Then you go over here to your wallet,
and you need to add the asset here to the account,
so you'll hit Add Token.
Hit Custom Token.
Put in the address.
It's going to automatically pop up the token symbol and the number of decimals, at 18.
Hit Next.
Hit Add Tokens.
And now, you guys can see, it shows up in my wallet, 4.11 ERN.
It shows how much it's worth.
And this shows your Ethereum balance up here.
That's how you use MetaMask.
If you ever want to send this out,
you can click there and you can hit Send.
You can send it to another wallet or wherever you want to be.
If you have multiple accounts, you can transfer that between your account.
And that's how you do it.
It's that easy to use Uniswap or bitswapdex.io and MetaMask
to make purchases on decentralized exchanges.
So, guys, let me know what other tutorials you guys want.
What kinds of things do you guys want to see?
Make sure to drop those down below in the comments so we know what kind of tutorials to make.
That's all I got.
Be blessed.
BitBoy out.