Getting started
What are gas fees?
Gas fees are charges you pay to the blockchain network in order to make crypto transactions. Think of it as fuel for your car, without fuel your car won’t move. This gas fee is denominated in the native token of the blockchain network you are transacting in.
To understand what native tokens are, let’s think of a blockhain network like a country. E.g. Ghana and the native token as the legal currency that allows you to transact in that country, e.g. Ghanian Cedis.
An example from the crypto woFew readersHow to buy USDC on Base with Onboard Wallet
We've broken down the process of buying Base via Onboard exchange into these nine simple steps just for you!
1. Set Your Network to Base
Ensure that your network is set to Base to initiate the deposit process smoothly. This ensures that your transaction is securely processed within the Base network.
2. Click on the ‘Add’ Button
Once your network is set to Base, locate the ‘Add’ button below your ‘Total Balance’ and click on it.
3. Select USDC as the Token
From the list ofFew readersHow to sell your USDC on Base via Onboard Exchange
Here is a step by step guide on how to sell your USDC on Base via Onboard Exchange:
1. Launch your Onboard App
Begin by opening the onboard app on your device. Ensure you have the latest version to access the full range of features.
2. Locate the Swap Button
Once inside the appFew readersWhy the Base network?
What is Base?
Some crypto networks excel in speed, while others shine in cost-effectiveness. Base stands out by being both swift and economical.
Base is a safe, cheap and user friendly Ethereum layer 2 network. A layer 2 basically means that it operates on top of an underlying blockchain protocol - in this case, Ethereum.
Why Base?
So, you probably prefer a specific network, and the thought of switching might not have crossed your mind. Here is why it should:
Secure andFew readersHow to deposit USDC on Base from an external wallet
Here is a step by step guide on how to deposit USDC on Base from an external wallet:
1. Open Your Onboard Wallet
Make sure you are on the base network of your Onboard wallet to begin.
2. Add USDC
Click on the "Add" option and select USDC as the cryptocurrency of choice.
3. Select Deposit Method
Under the "How would you like to deposit crypto paid" section select the option "External Wallet."
4. QR Code or USDC Address
Choose between your QR code or copy the provided UFew readersUnderstanding crypto networks
Crypto Networks
Crypto networks, often referred to as blockchain networks are the systems that facilitate the transfer and management of crypto and other digital assets.
Before blockchains, people had to trust banks for safe transactions. With blockchain, everything has changed. When someone sends or receives crypto, all the computers in the network team up to make sure the transaction is real. This is called a 'decentralised system' it means there is no central authority and control is diFew readersWhy USDC?
USD Coin (USDC) is a type of digital money that's tied to the value of the U.S. dollar. It's like having a digital version of a dollar bill. The value of one USDC is equal to one U.S. dollar, so it stays stable, and that's why it's called a "stablecoin".
Stablecoins, like USDC, are different from other cryptocurrencies like Bitcoin and Ethereum because they don't have crazy price changes. They're the calm, steady players in the digital money world.
Why Stablecoins (like USDC) Over TraditionaFew readers