Lesson 3: How can I get cryptocurrency?

Why does this lesson matter?

A picture is worth a thousand words, and the first and foremost step in learning is to try it. There are three unique ways to acquire cryptocurrencies, so let's deepen our understanding in this lesson.

What you can learn in this lesson

  • Three ways to obtain cryptocurrencies
  • Wallets
  • Exchanges
  • Mining

Let's receive the cryptocurrency

We have learned that we need a "wallet" to manage our cryptocurrency.

Management here means not only keeping the cryptocurrency on hand, but also transferring and receiving it.

The first way to obtain cryptocurrency is to have someone send you cryptocurrency using a wallet.


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Buying cryptocurrency

The second way to obtain cryptocurrency is to buy it.

This is where exchanges come into play.

Exchanges are places where you can buy and sell cryptocurrency, and you can buy cryptocurrency with fiat currency.


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Let's issue cryptocurrency

The third way to obtain cryptocurrency is to issue it.

This method is called "mining," and it is a highly specialized process.

The person who does the mining is called a "miner," and anyone can become a miner by purchasing special equipment, which allows them to issue cryptocurrency.


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if you understand the lesson so far.

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