7 min
How do I purchase crypto? | Crypto Confidence Ep 3 Seed Your Success
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- Entrepreneurship
How do I get crypto?
Good question!
You can either earn crypto or buy crypto, but for the sake of simplicity and because it’s the option most people will choose, we’ll focus on buying it.
You can buy cryptocurrencies from crypto exchanges and other providers such as Kraken, and Moonpay.
Like traditional currency exchanges that convert one fiat currency into another, a crypto exchange will take your fiat currency––your dollars––and convert it into a cryptocurrency of your choosing.
Centralized exchanges will store your crypto for you (the “custodial” option) or you can keep your crypto in your own digital wallet, like phantom, which gives you more control over your assets (the “self-custodial” option).
Just like how your physical wallet holds your cash and cards, your crypto wallet holds your cryptocurrencies and digital assets (like the SEED COIN).
But crypto wallets do more than just hold your cryptocurrency, they also help you put it to use by connecting you to opportunities in Web3.
Next Lesson: What type of crypto wallet do I need?
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thegrowthguild.substack.com
How do I get crypto?
Good question!
You can either earn crypto or buy crypto, but for the sake of simplicity and because it’s the option most people will choose, we’ll focus on buying it.
You can buy cryptocurrencies from crypto exchanges and other providers such as Kraken, and Moonpay.
Like traditional currency exchanges that convert one fiat currency into another, a crypto exchange will take your fiat currency––your dollars––and convert it into a cryptocurrency of your choosing.
Centralized exchanges will store your crypto for you (the “custodial” option) or you can keep your crypto in your own digital wallet, like phantom, which gives you more control over your assets (the “self-custodial” option).
Just like how your physical wallet holds your cash and cards, your crypto wallet holds your cryptocurrencies and digital assets (like the SEED COIN).
But crypto wallets do more than just hold your cryptocurrency, they also help you put it to use by connecting you to opportunities in Web3.
Next Lesson: What type of crypto wallet do I need?
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thegrowthguild.substack.com
7 min