Guide #1: Starting with Bankless

Last updated: April 1st, 2021

Welcome to your bankless journey!

This guide is your roadmap to the unknown. It’s your guide to the wild west of open finance. Don’t worry about figuring this out all at once. Just commit to learning a bit each week.

Welcome to the frontier.

Start with this 8 minute video to get the basics.

Join us on the journey toward financial freedom! We’ll send you one crypto level-up daily.

Going bankless is a journey towards freedom—self-sovereignty. Financial independence.

That means less reliance on two types of banks:

It’s not that we hate banks—we just don’t need them anymore. At least, we need them a lot less in our new crypto money systems.

But we’re practical. It’s too early to do this all at once. Too risky. Too difficult.

This open money system is just getting started.

That’s why it’s a journey.

Must do actions:

Like all worthwhile journeys, this one isn’t easy! It takes effort. It requires risk!

We’re not just starry-eyed dreamers—we’re heading west because there’s gold! If we’re right—massive upside! New economies. New asset classes. The opportunity to become financially independent.

This is like learning HTML and buying .com domains in 1995.

Why go bankless?

And it’s about a better system for future generations:

Bankless means freedom and upside for each of us as individuals and an opportunity make the world a better place for future generations. If bankless wins, the world wins.

With your goals in let’s make sure you have the resources for your journey.

Weekly level-ups:

Get on the schedule:

Community engagement:

Starter Equipment:

Member Equipment:

Crypto is moving fast…don't get left behind! Join us on the Bankless journey and we’ll send you daily insights and tactics to grow your crypto wealth and get to financial freedom using tools like Bitcoin, Ethereum and DeFi! (It’s free to get started)

Recommended Tools:

Also—check out the Deal Sheet for the best deals on crypto products! 💸

Actions:

With your resources by your side you can start digging into the core concepts.

Read these first:

Money:

Investing:

Paradigms:

Ethereum & ETH:

Bitcoin & BTC:

DeFi & Crypto Banks:

Investing in DeFi Tokens:

Token Reports

Yield Farming:

Stablecoins:

Governance

NFTs

Technology:

Crypto eating traditional finance:

While you learn the key concepts take time to level-up on the key skills so you can do things in the the bankless money system—pay, lend, borrow, earn, trade, and invest.

Going Bankless:

Pay & Receive:

Lend & Borrow:

Earn:

Invest:

Stake:

Wallets & Addresses:

Decentralized Autonomous Organizations (DAOs):

Collectibles & Gaming:

Trading & Betting

Risks:

Taxes:

Security & Privacy:

Hedging Risk:

Learning to learn:

In the American West settlers traveled across the plains and mountains passes in covered wagons banded together for mutual help. These wagon trains were the best way to survive the rugged westward road.

The bankless journey is rugged too. And like early settlers we survive as a wagon trail.

The entire bankless community is ready to help you on your journey.

Go to the Inner Circle Discord channel and just ask.

You’re not alone.

You’re in the bankless nation now.

To continue the bankless journey sign-up for the daily newsletter now. The lite version is free.

Special thanks to @Abv_Avg_Joe and @0x_Lucas for helping to put this guide together. Members like these make the bankless community special.

Note: some links above are affiliate meaning at no cost to you if Bankless earns a commission

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.