How to Buy Crypto Safely

My Wallet
How to Buy Crypto Safely

Buying crypto safely is mostly about official apps, small first purchases, and never sharing your seed phrase. You can buy inside a non-custodial wallet or on an exchange—then move funds carefully.

Quick answer

Install My Wallet from official links, create a wallet, back up the seed offline, then buy a small amount with a card where available—or buy on a trusted exchange and withdraw to your wallet address on the correct network.

Safety checklist before you buy

  1. Download only from get.mywallet.io or mywallet.io
  2. Write the seed phrase on paper (not screenshots/cloud notes)
  3. Enable lock/biometrics (secure My Wallet)
  4. Start with an amount you can afford to learn with
  5. Ignore DMs offering “guaranteed” profits

Buy in My Wallet (card)

Where supported, use the in-app card purchase flow (Help: buying with a bank card). Review the asset, network, and fees before confirming.

Buy on an exchange, then withdraw

  1. Complete exchange KYC if required in your region
  2. Buy the asset
  3. Withdraw to My Wallet using the matching network address
  4. Send a tiny test withdrawal first
  5. Confirm the TXID in a block explorer if unsure

Common traps

  • Fake wallet sites and ads
  • Support impostors asking for seeds (@mysupport never will)
  • Wrong-network withdrawals (USDT especially)
  • “Double your coins” giveaways

Buy small, hold with self-custody

Download My Wallet and buy small amounts safely—you hold the keys.

About My Wallet

FAQ

Is buying in-wallet safer than an exchange?

Different risks. In-wallet purchases still involve providers; exchanges add custody risk until you withdraw.

Do I pay swap fees when buying with a card?

Card purchases use on-ramp partners. Swaps are separate and include a 0.875% aggregator service fee plus network fees.

What if regulations block card buys?

Use a compliant exchange in your region, then withdraw carefully—or check local rules first.

Helpful guides