How to Get Cryptocurrencies

This article is for people who are new to cryptocurrency. If you want to get started in the world of cryptocurrency but don't know how to acquire your first coins, then read on.

One way to get cryptocurrency is by exchanging your regular money (also known as fiat) for it through exchanges, wallets, or other platforms. Another option is to learn about tricks that can help you get cryptocurrency for free.

Security Tips:

This article does not provide investment advice or recommendations about investments.

The crypto market is quite volatile. We strongly recommend you do thorough research before any investment.

Please open the correct website no matter which means you choose to get crypto. There are a lot of scams, so be careful.

Keep your seed phrases and private keys safe.

Check out more about the risk of cryptos

• What are my risks if I buy or keep my coins/tokens?
• What is Phising?
• What is Pump & Dump?
• What is Rug Pull?
• What is Ponzi Scheme?

Buy crypto with Fiat

Assume that you do not hold any crypto in hand. You might like to buy some crypto with Fiat. There are three ways.

Centralized Exchanges

Centralized Exchange (CEX) must be the most common way to buy or sell crypto with fiat. Most CEXs support users to Fiat on/off ramp with traditional payment methods such as Bank Deposit, Credit/Debit Card, and Third-Party Payment. CEX is considered one of the most user-friendly means to buy crypto since:

• It supports traditional payment methods
• The exchange interface is familiar to users
• No need to interact with blockchain networks

However, it should be noted that centralized exchanges generally require users to perform KYC. Meanwhile, for different countries or regions, the services supported by each exchange may vary depending on the local regulatory policies.

How do I use it?

Enter the exchange website/App interface

Register & log into your account

Finish KYC, if needed

Select “Buy Coins”

Select asset name, quantity, payment method, etc.

If the details are correct, confirm your purchase

Crypto Wallet

Crypto Wallet is a tool for users to store crypto assets. It is usually the first step to genuinely connecting to blockchain networks. The popular hot wallets (e.g., MetaMask, TrustWallet, Coinbase Wallet) and cold wallets (e.g. Ledger) all support users purchasing crypto by Credit/Debit Card, Third-party Payment, and Bank Transfer. Notably, the crypto purchase on Coinbase Wallet is backed by Coinbase exchange.

How do I use it?

Open the wallet (website/browser plug-in/APP)

Registration & Login

Select "Buy" on the wallet interface

Select the purchase channel

Enter the corresponding page and follow the prompts

If the details are correct, confirm your purchase

Get free crypto

There are a lot of opportunities to get free crypto. The project sometimes will distribute their coins/tokens as a promotion to attract new users or incentivize old users, and some are to enhance public awareness of blockchain. Common methods of getting free crypto include faucets, airdrops, X-to-Earn, etc.

Crypto Faucet

Crypto Faucet is a website or App that rewards users with a small amount of crypto after they complete specific tasks (e.g., completing a survey quiz, posting on social media, watching a video, etc.). These faucets only offer small rewards to encourage users to try the product.

Get to know more about What is Faucet?

Airdrop

Airdrops are when project teams provide free Crypto to users who meet specific requirements. (To be eligible for an airdrop, users can engage more with the project's community.) The rewards for airdrops can vary depending on the value of the project and the number of airdrops.

Get to know more about What is Airdrop?

X-to-Earn

In the Crypto market, you can find various projects that allow users to earn rewards by participating in the project, known as X-to-Earn. For example, Play-to-Earn will enable users to earn rewards by playing games, while Learn-to-Earn rewards users for gaining knowledge. X-to-Earn refers to projects that users can participate in at zero cost, such as Thetan Arena.

Mining

Mining is verifying transactions and maintaining network security in PoW blockchain networks. Users are rewarded with tokens each time they successfully produce a valid block. For example, users must prepare a Bitcoin network Crypto wallet, mining software, and hardware equipment that meets the requirements to participate in Bitcoin mining.

Get to know more about What is Mining?

There are many other ways to get crypto, such as sending by friends, borrowing from individuals or institutions, buying from brokers, etc.