Bit Simplified - All Things Crypto!Its the rocket fuel of Decentralised Finance (DeFi) in the Crypto world.
Yeild means return on your investment or earn interest on your cryptocurrency and Farming simply means leveraging different DeFi protocols to maximise your rate of return.
Its also know as Liquidity Mining to generate rewards with your Crypto Wallet. You can reinvest those earned rewards back into other Liquidity Pools.
The best strategy is to have the fewest DeFi protocols to reduce risk of exposure while maximising returns.
Why trade in Crypto Currencies?
People learn swimming by jumping into the pool, if you want to learn Crypto buying and selling you need to jump in by creating a personal account on any crypto exchanges like coinbase or binance and then add funds (small amount) into your account (wallet). Play around with your account by understanding what information is where, how to buy, how to sell and most importantly understand transaction fees. Learn Best practices to place buy or sell limit orders.
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