Funding Your Crypto Wallet (Buying ETH, SOL, etc.)

🎯 Course Objectives

By the end of this module, learners will:

• Understand how to purchase cryptocurrency using a reputable exchange

• Learn how to transfer purchased crypto to a self-custody wallet

• Recognize the importance of using trusted on-ramp methods

• Plan for network gas fees when acquiring crypto
  
  Estimated Duration: ~3 minutes
  Primary Blockchain(s): Varies based on chosen crypto (e.g., Ethereum for ETH, Solana for SOL, Bitcoin for BTC)
  Tools/Platforms: Crypto exchange (e.g., Coinbase app/website), self-custody wallet (MetaMask, Trust, Phantom, Xverse for receiving)

🧰 Step-by-Step Guide

1. Choose a Reputable Exchange

• Opt for well-known exchanges like Coinbase or Binance.

• Create an account and complete the necessary identity verification steps.

2. Purchase Cryptocurrency

• Navigate to the "Buy" section of the exchange.

• Select the cryptocurrency you wish to purchase (e.g., ETH, SOL).

• Enter the amount you want to buy and choose your payment method (bank transfer, debit/credit card).

• Review the transaction details, including any fees, and confirm the purchase.
  
  

  

3. Set Up a Self-Custody Wallet

• Download and install a self-custody wallet compatible with your chosen cryptocurrency:

  • MetaMask for Ethereum-based tokens

  • Phantom for Solana

  • Trust Wallet for multiple blockchains

  • Xverse for Bitcoin Ordinals

• Create a new wallet and securely back up your seed phrase.

4. Transfer Crypto to Your Wallet

• In your wallet, locate and copy your public wallet address.
  
  

  

• Return to the exchange and navigate to the "Withdraw" or "Send" section.

• Select the cryptocurrency to transfer and paste your wallet address as the recipient.

• Enter the amount to transfer, review the details, and confirm the transaction.
  
  

  

Note: Always double-check the wallet address and ensure you're selecting the correct network to avoid loss of funds.