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Lobster - Documentation
  • ๐Ÿ‘‹START HERE
    • ๐ŸฆžLobster overview
    • ๐Ÿ–ฅ๏ธApp guide
      • โœ…Deposit
      • ๐Ÿ“ŠDashboard
      • ๐Ÿ”ƒWithdraw
    • ๐ŸฆŠ Step-by-Step Guide: How to deposit on Lobster
      • Step 0: Identify Your Situation ๐Ÿ”
      • Step 1: You donโ€™t have any cryptos. ๐Ÿ˜ข
        • Way #1 : Create a centralized exchange account and buy your first cryptos ๐Ÿฅ‡
        • Way #2 : Buy your first cryptos directly in Metamask on Arbitrum Network ๐ŸฆŠ
      • Step 2 : How to send my cryptos from a centralized exchange on my personal Metamask Wallet ๐Ÿ“จ
      • Step 3 : How to bridge ETH from Ethereum mainnet (or another chain) to Arbitrum ๐ŸŒ‰
      • Step 4: Convert ETH to WETH on Arbitrum ๐ŸŽ
      • Step 5: Deposit WETH into Lobster Protocol ๐Ÿฆž
    • โš ๏ธDisclaimers
  • โš™๏ธDeFi Strategy
    • ๐Ÿ“ˆStrategy overview
    • โš–๏ธNeutral market exposure
    • ๐Ÿ’งLiquidity & impermanent loss management
    • โณRebalancing frequency
  • ๐Ÿง Algorithm
    • ๐Ÿ“ŠInput/Output datas
    • ๐Ÿ“Arbitration workflow
    • โฎ๏ธBacktest report
  • ๐Ÿ”SECURITY
    • ๐Ÿ›๏ธInfrastructure
    • ๐Ÿ“„Contracts & Audits
    • ๐Ÿ›ก๏ธInsurance
  • ๐Ÿ”TRANSPARENCY
    • โ›“๏ธOnchain activity
    • ๐ŸŽIncentives
    • ๐Ÿ“…Roadmap
    • ๐Ÿ”–Vault fees
    • โ“FAQ
  • ๐Ÿช‚Airdrop
    • ๐Ÿช™Point system basics
    • ๐ŸŽ–๏ธAll ways to earn points
      • Using the protocol ๐Ÿง‘โ€๐Ÿ’ป
      • Referring Lobster to your friends ๐Ÿค
      • Being an active community member ๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ€๐Ÿ‘ฆ
      • Helping the team improve the product ๐Ÿ’ก
  • SOCIAL
    • ๐ŸฆžDapp
    • ๐ŸฆX
    • ๐ŸŽฎDiscord
    • ๐Ÿ“จTelegram
  • Legal documentation
    • ๐ŸจLegal Notice
    • ๐Ÿ“–Lobster's Website Terms and Conditions
    • ๐ŸชPrivacy Policy
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  1. START HERE
  2. ๐ŸฆŠ Step-by-Step Guide: How to deposit on Lobster
  3. Step 1: You donโ€™t have any cryptos. ๐Ÿ˜ข

Way #2 : Buy your first cryptos directly in Metamask on Arbitrum Network ๐ŸฆŠ

PreviousWay #1 : Create a centralized exchange account and buy your first cryptos ๐Ÿฅ‡NextStep 2 : How to send my cryptos from a centralized exchange on my personal Metamask Wallet ๐Ÿ“จ

Last updated 1 year ago

If you choose this method, you can skip step 2

  1. Create your first wallet. You can use Metamask which is the most used hot wallet. Follow this link and install the chrome extension :

  2. Open the Metamask extension and select โ€œCreate a new walletโ€.

  3. Accept the terms of use and create a unique password to access your wallet on this device.

  4. Youโ€™ll see a 12-word recovery phrase. Write these words on paper in the order shown and keep them in a safe place. Never share them. If someone asks for them, youโ€™re being scammed.

  5. Confirm your recovery phrase by selecting the words in the correct order, then click, โ€œFinish savingโ€.

  6. Click on โ€œDoneโ€. Youโ€™ll now see your portfolio.

  7. When you have installed your Metamask, Click on โ€œEthereum Mainnet.โ€

8. Click on โ€œadd networkโ€

9. Choose Arbitrum

10. Click on โ€œapproveโ€

11. Once the Arbitrum network is set. Click on โ€œBuy/sell.โ€ (If you have bought Ether on a centralized exchange, you can now go to step 2)

12. Choose your location

13. Select your payment method and click on โ€œContinue.โ€

14. Select Ether on the Arbitrum network

15. Enter the amount you want to buy.

16. Choose the best payment service provider and follow the instructions. You will have to pass a KYC procedure.

17. Great! You got your Ether on Arbitrum, well done!

๐Ÿ‘‹
๐Ÿ˜
https://metamask.io/