How to enter on-chain trading?

Decentralized Finance (DeFi) offers direct financial tools through blockchain technology. Traditional finance often restricts access to people based on their location or economic status. DeFi removes these barriers, allowing anyone online to manage their crypto without intermediaries.

What is on-chain trading?

On-chain trading is buying and selling crypto directly on the blockchain through decentralized exchanges (DEXs). Common DEXs include Uniswap, PancakeSwap, and Raydium.

Benefits of on-chain trading:

Control – Users own their crypto, not exchanges.
Transparency – All trades appear openly on the blockchain.
Open Access – No geographic or financial restrictions.
Access to all tokens – there's no need to wait before a token is listed on CEX.

Getting started

To start trading, first set up a crypto wallet. Use MetaMask for Ethereum (EVMs) and Phantom for Solana. Also, you can download Trust Wallet and Phantom Wallet App to control your funds on a mobile device.

Wallet safety basics:

Keep seed phrases offline, ideally written down physically.
Never share private keys.
Hardware wallets like Ledger add extra security.

How to make your first trade

Here's a practical example using Blazing App. The interface is built specifically for easy on-chain trading.

Follow this video tutorial for a step-by-step guide.

Avoid these mistakes:

High Slippage – Set slippage tolerances realistically to avoid losses.
Low Liquidity Tokens – Skip tokens without enough liquidity.
Front-Running – Be aware of bots and large traders who manipulate prices.

Useful on-chain metrics

Understanding simple blockchain metrics helps make better trades:

Transaction Volume – Shows liquidity and popularity.
Active Wallets – Indicates community involvement.
Gas Fees – Check costs regularly using tools like Etherscan Gas Tracker.

Use advanced analytics tools like Glassnode or Nansen for deeper insights into blockchain data.

A few words from the Blazing Team

"We believe everyone deserves a seat at the table, and education is key to making that happen. Through intuitive educational tools and expertly designed modules, we equip our community with the knowledge and professional-grade resources needed to uncover the next 100x gems."

Also consider this advice:

"Don’t approach on-chain trading expecting quick riches. That mentality leads to losses. On the other hand, trading isn’t pure gambling—steady effort eventually pays off."

Join the community

Start trading now via the Blazing WebApp or Telegram Bot.

Join Blazing Portal and follow Blazing on Twitter to keep updated.

Always confirm official team members in the community chat using /adminlist to avoid scams.