Crypto is simpler than it looks: you need a wallet, a secure backup, a small first amount, and patience to learn one step at a time.
Quick answer
Start with a non-custodial multichain wallet, write down your seed phrase offline, buy a small test amount, and make one test send before moving larger sums.
Core concepts in five minutes
- Blockchain: a public ledger that records who owns what
- Wallet: an app that holds your keys (what is a crypto wallet)
- Seed phrase: your master backup (12 or 24 words); lose it and you lose access
- Network fee (gas): a small fee paid to process transactions; on swaps, My Wallet also charges a swap aggregator service fee of 0.875%
- Stablecoins (USDT, USDC): tokens pegged to fiat, common for transfers on Ethereum, Solana, TON, TRON, and other supported networks
Networks to start with in My Wallet
- Bitcoin: Long-term holding and transfers
- Ethereum: Largest dapp ecosystem
- Solana: Fast DeFi, NFTs, ecosystem tokens
- Hyperliquid: Trading and DeFi
- TON: Telegram apps, TON DeFi, jettons
- TRON: Low-fee USDT transfers
My Wallet also supports more networks, including Arc, BNB, Base, Robinhood, Monad, Arbitrum, Polygon, Avalanche, Dogecoin, Litecoin, and Bitcoin Cash. See the supported cryptocurrencies list.
You do not need every network on day one. Pick one chain, learn it, then add others in the same wallet.
Your first-week checklist
- Install My Wallet—mobile, desktop, extension, or Telegram Mini App
- Create a wallet and back up your seed phrase offline
- Enable security settings (how to secure My Wallet)
- Choose one chain to start (see list above)
- Buy or receive a small amount
- Send a test transaction to yourself
- Read blockchain transaction fees by network before larger transfers
Safety rules that actually matter
- Never share your seed phrase: official support (@mysupport) will never ask for it
- Verify address and network before every send
- Use official links: get.mywallet.io or mywallet.io
- Ignore "double your crypto" offers
- Start small: test transfers beat expensive mistakes
Common beginner mistakes
- Sending USDT on the wrong network (TRC-20 vs ERC-20 vs TON, and other supported networks)
- Storing seed phrase in cloud photos or notes
- Leaving large balances on an exchange long-term
- Skipping gas tokens on EVM chains (ETH on Ethereum, etc.)—unless a gasless path applies on TON or Solana
- Clicking fake airdrop or support links
Ready to start?
Download My Wallet to get started with crypto—you hold the keys.
FAQ
How much money should I start with?
Only what you can afford to learn with. Many beginners start small, make one or two transfers, then scale up.
Is crypto only for traders?
No. People use crypto for remittances, stablecoin transfers, payments, staking, and apps—not just trading. Staking involves protocol and market risk; it is not a guaranteed return.
Do I need a separate wallet per chain?
Not with a multichain wallet. My Wallet manages multiple networks under one seed phrase.
Is crypto legal?
Regulations vary by country. Check local rules before buying or using crypto.
What is the safest way to begin?
Non-custodial wallet + offline seed backup + small test transfer. See what is a non-custodial wallet.
Helpful guides
- How to create a new crypto wallet in My Wallet
- What is multichain and how to use it
- Buying crypto with a bank card