This article is suitable for beginners who are interested in the Crypto (cryptocurrency) market. How do you get your first Crypto if you have never participated in the Crypto market? You can exchange fiat currency for Crypto, or get some free Crypto through some mining methods.

Safety Tips:

This article does not constitute any investment advice.

Investing is risky and we strongly recommend that you do adequate research before acquiring any Crypto.

No matter which method you choose to obtain Crypto, please make sure you enter an official and safe website and pay attention to identifying phishing websites.

Do not connect to the wallet casually and protect your private key.

To learn more about the risks associated with Crypto, you can refer to:

• What are the risks of buying and holding cryptocurrencies?
• What is a phishing scam?
• What is a pump and dump scam?
• What is getaway fraud?
• What is a Ponzi scheme

Obtain Crypto with fiat currency

First of all, let’s assume that you don’t have Any Crypto who wants to use legal currency to exchange for specific crypto assets can have the following three ways:

Centralized exchanges

Centralized exchanges are the most common deposits and withdrawals. Way. Most centralized exchanges (such as Binance, Coinbase, etc.) support the use of traditional payment methods (such as debit cards, third-party payments, etc.). Using a centralized exchange to obtain Crypto can be considered the most friendly way for new users (it supports traditional payment methods, the transaction interface is close to traditional exchanges, and there is no need to interact with the chain). However, it should be noted that centralized exchanges generally require users to conduct KYC, and are affected by regulatory policies in different countries and regions. The services supported by each exchange may vary depending on the region where the user is located.

The specific steps to participate can be divided into:

Enter the exchange website/APP

Register & log in to the account

KYC , if necessary

Select "Buy Coins"

Select the asset name, quantity, payment method, etc., and confirm the information

Execute

Crypto Wallet

Crypto Wallet is an important tool for users to store encrypted assets and interact with the chain. It is the first step for users to contact the chain. Commonly used hot wallets (MetaMask, TrustWallet, Coinbase Wallet) and cold wallets (Ledger) all support users to directly obtain Crypto. For example, MetaMask supports users to obtain Crypto using bank cards, third-party payments, bank transfers, etc., while Coinbase Wallet supports users to obtain Crypto through Coinbase exchange channels.

The specific steps to participate can be divided into:

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

Register & log in

In Select "Purchase" on the wallet interface

Select the acquisition channel

Enter the corresponding page and follow the prompts

Confirm the information

Execute

Get free Crypto

There are many ways to get free Crypto, usually used by project parties to promote their own projects and attract new users Some of the marketing methods are for the purpose of enhancing public awareness of the blockchain industry. Common methods of collecting wool include: faucet, airdrop, Free-to-Earn, etc.

Faucet

Crypto Faucet (Crypto Faucet) can be a website or an application. When users complete specific tasks (such as completing surveys, posting on social media, watching videos, etc.), they can receive a certain amount of Crypto as a reward. The rewards that can be collected from faucets are smaller each time, mainly to encourage users to experience the product.

ReadWhat is Faucet? Learn more

Airdrop

Airdrop refers to the project providing free Crypto to users who meet certain conditions. If you want to get airdrops, you can participate in more project communities. The airdrop rewards can be large or small, depending on the value of the project itself and the number of airdrops.

Read What is Airdrop? Learn more

X-to-Earn

In the Crypto market, you can see a variety of X-to-Earn refers to projects that earn income by participating in projects. For example: Play-to-Earn, earn rewards by playing games; Learn-to-Earn, earn rewards by gaining knowledge. Free-to-Earn refers to projects where you can participate in "xx-to-Earn" at zero cost, such as Thetan Arena.

Hash mining

Hash mining is an activity that participates in transaction verification and maintains network security in the PoW blockchain network. Every time a user successfully produces a valid block, they can receive token rewards. Taking Bitcoin as an example, participating in mining requires at least the following preparations: a Crypto wallet on the Bitcoin network, mining software, and hardware equipment (qualified computers or mining machines).

Read What is Mining? Learn more

The above mentioned are only the main ways to obtain Crypto. There are many other ways, such as: gifts from friends, finding Broker, borrow from institutions/individuals, barter, use Crypto as a payment method, etc.