You could get memory with malloc or point the pointer to an already existing variable.
char word[3];
char *l;
l = word;
Now you can do such assignments:
*l = 'c';
*(l+1) = 'g';
*(l+2) = '\0';
but now that you want to copy it to another pointer, this pointer must be pointing to another string or you should allocate memory for it.
char *pointer_to_second;
char second[3];
pointer_to_second = second;
or if you prefer to get dynamic memory, change the 3 lines above be this one bellow:
char *pointer_to_second = malloc(sizeof(char) * 3);
after that you can do what you wanted:
strcpy(pointer_to_second, l);
But remember, if you are using a C compiler you must declare all variables at the beggining, otherwise you will get an error. If you are using a C++ compiler you won't have to concern about it.
Segmentation fault happens when you try to access a field that doesn't belong to your vector. For example, if you try this:
printf("The value in position 3 of my pointer is %c\n", *(l + 3));
You will probably get an error, because you pointer have 3 positions and you are trying to acess the 4th one.