keepitsimple guide to
"get-some-crypto"
today
Decide where you want to store your crypto
Step 1
Hot Tip
Think of a wallet as.an online purse or piggy bank where you store crypto money
Get an online “Wallet” to store your crypto:
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Download the coinbase wallet app
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Sign up and create an account
There are many other wallet options... but lets not make this confusing.. You can always add, or change later!
Find a place that sells crypto
Step 2
Hot Tip
For now, start with a platform you already use..e.g if you already have paypal start there
Here are a few that many new crypto users go to:
Option One: Buy/Sell Only Platforms:
Download/login to the Paypal, CashApp, Robinhood
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These are fine as long as you don’t plan to send your crypto to anyone or anywhere
Option Two: Do More Platforms:
Download /login Coinbase, Gemini, Binance US App
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These are better if you plan to, for example send crypto to a friend, or to another wallet you own
Choose the crypto you want to buy
Step 3
Hot Tip
To start, buy $50 or less worth of USDC and $50 or less worth of bitcoin. You can buy more later
Start by buying a small quantity of...
Cryptos whose price are always $1 for 1 unit
Look for two of the most popular stablecoins
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USDC (USDCoin)
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USDT (Tether)
Later on you can but a small quantity of...
Cryptos whose price change:
There are a so many options but the best known are:
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BTC (Bitcoin)
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Ether (Ether)
Provide funds through a payment method and buy crypto
Step 4
Hot Tip
There are often fees for using debit/ credit cards, alternatively banks transfers take longer
Most platforms accept any major debit/credit card
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For example: Paypal, Coinbase, CashApp, Robinhood
Some platforms also allow you to connect to your bank withdraw funds
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For example: Binance US, Voyager
Optional: Move your crypto to the wallet in Step 1
Step 5
Hot Tip
We have a different guide for sending crypto..if you're overwhelmed lets just take a break here
OPTIONAL: Usually the place you “buy” crypto allows you to hold your crypto in a wallet with them.
But if you so choose, you can send your crypto from the wallet at the location you bought the crypto, to another wallet.
Note: Paypal, Cash App, Robinhood do not allow users to send crypto. Users are limited to buying/selling crypto on their respective platforms for now