Adding funds to your Web3 wallet

You’ve obtained a web3 wallet - congratulations!

 🎉 But as we know from real life, a wallet without money in it is no good!

 On the Ethereum blockchain, the most important asset is ETH. ETH allows you to pay for transaction fees and can be used to buy any other crypto asset that lives on the Ethereum blockchain.

 There’s 2 main ways to get ETH into your wallet, there are others but these are the easiest: 1) Funding from within the wallet

 In some web3 wallets like Metamask, they have integrations with banking services to allow you obtain ETH within the wallet without having to go elsewhere. 

 2) Buying through an exchange

 Many major crypto exchanges have markets to buy ETH. Here are a some of the major exchanges that it is possible to purchase ETH on:

• Binance

• Coinbase

To add money to your exchange account, follow the deposit steps that your chosen exchange provides, these all differ slightly so the exchange will be able to give you the most accurate instructions.

 Once you have funded your crypto exchange account, you can proceed to buy ETH.

 Then, once you have acquired ETH and it is an available balance, you’re ready to migrate your funds to your web3 wallet. To do this, you need to take a note of your web3 wallet address. This is your unique identifier on the Ethereum blockchain.

 Often at the top of your web3 wallet, your wallet address will be visible. In your chosen exchange, press the “Withdraw” button. In here, you will be required to place your wallet address and the quantity of ETH you would like to send. 

 Make sure to verify that the wallet address you paste in matches, particularly that the first and last characters of the address match. 

 Withdrawing from an exchange can sometimes take 5-10 minutes to appear within your web3 wallet, don’t worry!

Obtaining USDC In initial versions of Fama, USDC is the asset that you can deposit into a vault. To obtain it, you can carry out a swap in your web3 wallet with the help of an AMM such as Uniswap. The exact instructions vary depending on the AMM but in uniswap, you connect your wallet, select the asset you would like to swap to and input an amount. Pressing the swap button will execute the conversion and USDC will arrive in your wallet shortly. When swapping, make sure to leave at least 0.01 ETH in your wallet, preferrably at least 0.025. This is because you still need ETH to pay for transaction fees in the network and when you deposit into Fama!