You Decided to Buy Hex — Congrats! Now what?
Step 1: Buy Ethereum (ETH) — Create an account on CoinBase or Gemini (unlimited amount) or use a Bitcoin ATM (up to $700). It can take minutes to days to get money from your bank into your centralized exchange wallet. Most people start with $200–$2000.
Step 2: Get MetaMask.io on Chrome Desktop or on mobile Apple, Google. Record your “Secret Recovery Phrase” on physical paper, twice, putting each list of 12 words in a safe place and never ever share them with anyone (or you could lose your funds). Send ETH from Step 1 to your MetaMask ETH address starting with “0x…”. Never lose funds by not sending to unknown addresses.
Step 3: Trade ETH for HEX — Use the Swap Button in MetaMask wallet tab. Leave about $50 of ETH for swap fee plus $20 of ETH for staking transaction fees.
Notes: Ethereum network fees are highly volatile, with swap costs ranging from $15 to $100+. Make your own best judgement call here. If swapping more than $3,000, use Matcha.xyz or EthHex.com (via browser tab) to save on the extra 0.75% MetaMask swap fee. You can check estimated swap fees at HexDailyStats.com or as you complete the steps in MetaMask.
Step 4: Use go.hex.com/stake (via browser tab; connect to site via MetaMask signature) to stake/time-lock and earn more Hex each day (distributed at the end of the stake). Variable yield is currently about 12% per year when locking for 1 year or 36% per year when locking for 6 years.
Notes: Some people do a 4-step ladder where they time-lock 25% of their Hex for 5, 10 and 15 years on their birthday, while…