How can a newbie get into web3?¶
There are thousands of opportunities in the cryptocurrency world, but the first thing you should do is not to leave the table.
Whether it is trading, arbitrage, on-chain interaction, or ambushing airdrops, to be honest, Web3 is still in a period of high dividends. If you seriously learn some practical skills, the input-output ratio will be much higher than many industries .
However, the most common pitfall for many beginnersâor even half-beginnersâis the mindset of wanting to âmake a big profit with a small investment.â They imagine that they can multiply their money overnight. As a result, they often end up either getting liquidated or wasting money on gas fees and handling charges.
The current Web3 is essentially a large-scale lottery experiment. Given enough time and enough trials, achieving success is not impossible. But the key premise is that you must avoid being kicked off the table. In other words, if you want to double your money, you must first learn how not to go back to zero.
So, for retail investors with small amounts of capital, how should they get started?
I recommend beginning with spot trading
and on-chain trading
. These options carry relatively controllable risks, allow you to set your own pace, and let you learn by doing. More specifically, I suggest following the âthree on-chain stepsâ
:
Open a CEX account and a wallet¶
For example, a CEX like Binance, and a wallet such as OKX Wallet or SafePal. Once youâve stepped into Web3, youâll need to purchase some BTC, ETH, or USDT. Whether itâs on a CEX or directly on-chain, itâs essential to experience the full cycle of deposit â purchase â withdrawal.
Donât put in too muchâjust enough to practice: topping up and buying, withdrawing to your wallet, transferring funds across chains, and so on. Doing it yourself is far more effective than reading a hundred tutorials.
Doing it yourself is better than reading 100 tutorials.
Try more on-chain interactions¶
Swap tokens once, mint an NFT, register an ENS, or try a cross-chain transfer. These actions are how you truly participate in the on-chain ecosystem. They donât just build awareness, they may also open the door to airdrop opportunities.
You donât need to fully understand every detail right away. Even a single action will help you build a basic grasp of wallet permissions, signing transactions, gas fees, and more.
Experiences investors know well that these foundational understandings will later become the skills you need to master airdrops, DeFi, and on-chain arbitrage.
Build your own information flow¶
Today, many so-called KOLs on X focus mainly on exposure, posting repetitive promotional content about projects. This adds little value and clutters your feed.
Instead, focus on high-quality sources. Your evaluation criteria should be practical value. Follow reliable bloggers who have genuine hands-on experience and share high-density, actionable information. Also, keep track of reputable on-chain tool websites to expand your toolkit.
The following are some high-quality entry-level information sources that come to mind (I plan to write a detailed review later):
- Data websites
DeFiLlama â Highly recommended for beginners. It aggregates DeFi project rankings, TVL (total value locked), trading volumes, liquidation stats, and more. An essential resource for discovering on-chain trends and opportunities.
- Dune â Powerful on-chain analytics platform with customizable dashboards and queries for deep data exploration.
- OKLink â Leading multi-chain explorer, offering a comprehensive suite of on-chain tools and analytics.
- CoinGlass â Monitors contract long/short ratios, position changes, and CEX trading data across multiple metrics.
Information channels (news & research):
- Arkham Research â Specializes in on-chain data analysis and whale activity tracking.
- Web3Caff (membership) â Delivers in-depth research and analysis for the Web3 space.
- ChainFeeds Selection â Curated daily digest of industry news, trends, and research highlights.
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Many people spend six months, a year, or even two years in this industry without ever finding the right path. Looking back, the root cause is always the same: their foundation wasnât solid.
So rather than chasing âwhatâs the most profitable,â itâs far more important to first understand the basics:
- What on-chain operations are
- The difference between a wallet and an exchange
- What stablecoins are
- How gas fees work
- How cross-chain transactions and swaps function
Once you truly understand these fundamentals, opportunities will naturally reveal themselves.
Web3 is unlike other industries. In this space, âlearning by doingâ
is the shortcut.
If you only read without practicingâcollecting countless tutorials, following tons of bloggers but never actually getting startedâthatâs like practicing âdeviant cultivation.
â No matter how much you read, youâll get lost sooner or later.
As the saying goes:
Reading thousands of books is not as good as practicing N times. By practicing N times, youâll eventually find your own rhythm.