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 Ramp, Simplex, and Moonpay. Like traditional currency exchanges that convert one fiat currency into another, a crypto exchange will take your fiat currency––your dollars, euros, yen, whatever––and convert it into a cryptocurrency of your choosing. You’ve probably heard of Bitcoin, but there are many other cryptocurrencies and stablecoins to explore. Currently, Valora supports over 30 cryptocurrencies, including CELO, cUSD, cEUR, and cREAL.

Centralized exchanges will store your crypto for you (the “custodial” option) or you can keep your crypto in your own digital wallet, like Valora, 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 NFTs).

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. If you’re looking to get started with a crypto wallet, you should first explore the different types of wallets available to you.

Next Lesson: What type of crypto wallet do I need?
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