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Getting into crypto is not too complicated for the average person today. It used to be more difficult. That is great for mass adoption.

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by COINS NEWS 133 Views

The notion that average people find it hard to get into crypto is more false today than ever before. People argue that mass adoption has been slow because the average person finds it too difficult to get into crypto. Some obstacles to mass adoption include; “average people do not understand how crypto works,” “on/off ramping is confusing and hard,” and “crypto investing is too complicated.” Investing in crypto used to be more difficult but nowadays, for an average non-tech person, getting into crypto is way, way easier.

”The average person doesn’t understand how crypto works.”

The truth is, most people don’t even understand how their own banking system works, how Paypal or even how stocks work and yet still use and trust those services daily.

The time learning how crypto works or how to invest in crypto is no more time consuming than learning how to invest in stocks. While topics like mining, and smart contracts do require deeper learning; the average person will probably not need or want to know any these things.

”On/off ramping is hard and confusing.”

On/off ramping is easier than before. Obtaining a wallet is just as easy and almost no different than when someone downloads a mobile banking app on their smart phone, and sets up their bank account with a password. In crypto’s case, you just have 1 additional secret phrase to hold on to. Even depositing, withdrawing, and sending crypto in a crypto wallet or on an exchange nowadays is actually very similar to your mobile banking app on your phone.

”Investing in crypto is complicated.”

Investing is more accessible than ever before. Exchanges have over-simplified the process of investing. You pick your crypto, enter amount to purchase, and then click buy. This process is no different from stock trading or even online shopping. Exchanges even provide instructions and definitions to trading actions as you select your investments to simplify buying.

Crypto mass adoption is coming and it’s not even a matter of if it’s coming, but more like when. The ease and simplicity in which to get into crypto has increased in less than a decade and it will only keep getting easier. The argument that getting into crypto by the average person is difficult is more of a myth today than ever before. Which is very exciting news for mass adoption.

TL:DR Investing in crypto has gotten way easier in under just a few years. Any average person capable of using the internet and smart phone can get into crypto. This is great for mass adoption.

submitted by /u/Squidsoda
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