How to invest in Growi.HF
Growi.HF operates on the Arbitrum One blockchain, and we accept investments in USDC, a stable cryptocurrency linked to the value of the US dollar (1 USDC = 1 USD). To complete transactions on the blockchain, you'll also need a small amount of Ether (ETH), which is used to pay for network fees.
The investment process involves converting your traditional currency (like EUR, USD, PLN) into USDC and then using that USDC to invest in Growi.HF. When you're ready to take profits, you'll reverse this process to convert USDC back into your local currency.
To get started, you’ll need two things:
MetaMask wallet: This is a popular cryptocurrency wallet where you’ll store and manage your USDC.
Binance account: Binance is a well-known cryptocurrency exchange that helps you convert your local currency into USDC, and later back into fiat when you’re ready to withdraw profits.
You'll also need some ETH to cover transaction fees (often called 'gas fees') when making your investment. ETH can be purchased using a service called a "gas station."
There are two main ways to invest in Growi.HF:
Option 1 (Recommended):
Use Binance to convert your local currency into USDC.
Transfer the USDC from Binance to your MetaMask wallet.
Use a gas station to buy ETH (for transaction fees).
Deposit your USDC into Growi.HF.
Option 2 (Simpler, but higher fees):
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Use MetaMask to directly convert your local currency into USDC.
Buy ETH at the gas station.
Deposit your USDC into Growi.HF.
We recommend Option 1 because although it involves more steps, Binance offers lower conversion fees compared to MetaMask, making it more cost-effective in the long run. Additionally, when you decide to take profits and convert USDC back into fiat currency, you’ll need a Binance account. That’s why it’s best to start with Binance from the beginning.
In the next pages, you’ll find detailed step-by-step guides for each part of the process mentioned above to help you get started with ease
If you do not understand what a blockchain is or what USDC is, you can read our article in the "Additional information" section: "Additional Information" / "Cryptocurrencies and Blockchain: A Comprehensive Guide" (link)
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