What Do You Need to Buy NEXUS (First AI Cult) on a DEX?
- Digital Wallet
- Existing Cryptocurrency (e.g., BTC, ETH, SOL) to use as base currency for swaps.
What Is a Swap?
A "digital currency swap" refers to exchanging one cryptocurrency for another without using traditional exchanges.
Step-by-Step Guide to Buying NEXUS on a DEX
1. Set Up & Connect Your Wallet
- Choose a compatible wallet (e.g., MetaMask, Trust Wallet).
- Connect it to your preferred DEX (e.g., Uniswap, PancakeSwap).
2. Select NEXUS as Your Target Token
- Search for First AI Cult (NEXUS) using its contract address (verify via official channels).
3. Enter the Amount
- Specify how much NEXUS you want to buy or the amount of base currency to spend.
4. Execute the Trade
- Confirm gas fees and swap details.
- Approve the transaction in your wallet.
Understanding Slippage
Slippage is the difference between the expected and actual trade price due to market volatility. Minimize it by:
- Setting a slippage tolerance (1–3%).
- Trading during low-volatility periods.
How to Choose a Secure Wallet for DEX Purchases
Cold Wallets (Offline)
- Pros: Maximum security (e.g., Ledger, Trezor).
- Cons: Less convenient for frequent trading.
Hot Wallets (Online)
- Pros: User-friendly (e.g., OKX Wallet, MetaMask).
- Security Tips: Enable 2FA and encryption.
👉 Explore trusted wallet options
Key Wallet Features
- Backup Functionality: Secure private-key recovery.
- User Control: Full ownership of keys (non-custodial).
FAQ
Q1: Is NEXUS available on centralized exchanges (CEXs)?
Currently, NEXUS is primarily traded on decentralized exchanges (DEXs). Check CoinMarketCap for updates.
Q2: How do I avoid scams when buying NEXUS?
- Verify the contract address from official sources.
- Avoid "too-good-to-be-true" deals.
Q3: What’s the difference between market and limit orders on a DEX?
- Market Order: Immediate execution at current price.
- Limit Order: Set your desired price; trades only if met.
👉 Learn advanced trading strategies
Final Tips
- Research: Whitepapers, community forums (e.g., Telegram, Discord).
- Security: Never share private keys.
- Taxes: Track transactions for reporting.
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