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Getting your first tokens
If this is your first time exploring DeFi and crypto, it’s important to understand the concept of gas. Gas is a network fee that each blockchain charges you whenever you perform a transaction. In the case of most EVM chains, this gas is paid in the chain’s native token, which means you need some of those tokens to use the chain.
For example, using the Ethereum network means you need to have some ETH in your wallet to cover gas.
These are the current networks supported by DeSpace and their native tokens:
- Cube: $CUBE
- Binance Chain: $BNB
- Polygon: $MATIC
- Ethereum: $ETH
There are several ways to get gas tokens onto your wallet. The first involves Centralized Exchanges (CEXs) like Binance, FTX, Huobi and Gate. Creating an account on these exchanges lets you purchase crypto using fiat currency. All you then need to do is withdraw to your wallet’s address using the blockchain network you’re looking to use.
Make sure you transfer enough tokens to cover gas - on most networks, a transaction costs a few cents. On Ethereum transactions can cost significantly more - check the current gas prices before you decide to swap on that network.
If you’re using DeSwap or purchasing NFTs, you might want to transfer some extra tokens as well. You can usually use the network’s native token to purchase others on the network, otherwise stablecoins like USDT, USDC and DAI are readily accepted by most exchanges.