Acquiring cryptocurrency involves a series of technical steps, especially
for users who want control over their assets beyond centralized exchanges.
First, register on a CEX (Centralized Exchange) like Binance or Kraken.
Complete identity verification (KYC) to meet anti-money laundering (AML)
regulations. Once verified, initiate a fiat deposit through bank transfer,
wire, or card payment.
After funding your account, place a market order
to buy crypto at the current price or a limit order
to specify your desired entry price. Bitcoin (BTC), Ethereum (ETH), and
stablecoins like USDT are common starter assets.
Once the order is filled, you can withdraw your tokens. It’s best practice
to transfer crypto to a non-custodial wallet,
such as MetaMask or a hardware wallet like Trezor. This gives you control of
your private keys, which is crucial for true ownership.
Optionally, interact with DEXs (Decentralized Exchanges) like Uniswap or
PancakeSwap for further asset swaps, requiring wallet connection via Web3.
Always enable 2FA, back up your seed phrase, and verify all transactions on
a blockchain explorer like Etherscan to prevent fraud.