After you have created an account on STEPN, you may realise that you can’t earn GST tokens straight away!
This is because you will need to purchase a sneaker first before you can go for a run or walk.
Here’s a guide on the steps you’ll need to use to buy a sneaker on STEPN:
How to buy a sneaker on STEPN
Here are 5 steps to buy a sneaker on STEPN:
- Create a BSC or Solana wallet on STEPN
- Send SOL or BNB to your STEPN wallet
- Transfer from Wallet to Spending
- Select a sneaker to buy on the marketplace
- Purchase the sneaker
Create a BSC or Solana wallet on STEPN
After creating an account on STEPN, you will need to create a crypto wallet on either the BNB Smart Chain or the Solana network.
This wallet will allow you to import send and receive funds on either network.
STEPN gives you the option to create a new wallet, or import one via your seed phrase.
It is important that you keep this seed phrase secure, as anyone who has access to your seed phrase will have full control over your funds!
You can check out my guide here on how to create a Solana wallet on STEPN:
Send SOL or BNB to your STEPN wallet
Once you have created a wallet, the next step will be to send funds over to your wallet on STEPN.
Since the sneakers are priced in SOL or BNB, it will be best to transfer these funds to STEPN.
You can check out my guide here on how to do so, or watch the video below:
You may want to note that the BNB Smart Chain is EVM-compatible, while the Solana network is not. As such, both wallets will have a separate deposit address!
While Binance may be the most popular exchange, you can consider using FTX as it charges a very low withdrawal fee when you withdraw SOL,
or BNB.
Transfer from Wallet to Spending
After receiving your funds on STEPN, the next step will be to transfer either SOL or BNB from your wallet to the spending account.
This will incur a small gas fee in either SOL or BNB, depending on which network you’re on.
Select a sneaker to buy on the marketplace
Now that you finally have some funds in your Spending account, it’s time to buy a sneaker!
You can go to the marketplace,
and search for a sneaker.
Currently, the sneakers are really expensive at ~ 12 SOL or 12 BNB, which is quite a hefty sum!
There are quite a few things to consider when selecting a sneaker:
- Efficiency
- Luck
- Comfort
- Resilience
- Rarity
- Type
- Level
- Number of Mints
You can refer to STEPN’s whitepaper for information on each of these attributes.
Some of these attributes may be boosted as well, so you may want to take a look at its base stats instead.
Purchase the sneaker
After you have selected a sneaker, you can make the purchase on this page.
You will now have a sneaker that you can start using to earn GST tokens!
This guide will show you how to sell your GST tokens to either USDC, SOL or BNB:
Conclusion
A sneaker on STEPN can be really expensive at its current price. With more people signing up for the game, the prices may just start to rise even further!
If you find it too costly to buy a sneaker at the moment, you may want to consider waiting for the rental system to be released in July!
If you are still unable to get an activation code, you can consider signing up for a Sweatcoin account, where you can walk and earn SWEAT tokens.
If you’re looking to generate tax reports for your crypto trades, you can consider using Koinly, which allows you to track your transactions from 350+ exchanges and 50+ crypto wallets.
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