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There will be no crypto adoption without user friendly interface

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by COINS NEWS 106 Views

I just realised that nobody that I know could use my Ledger or Metamask. The amount of things that you need to consider before sending crypto is just ridiculus.

Lets say something happens to me and my gf that knows about my seed phrases wants to exchange my crypto to money.

  1. She needs to download like 5 different hot wallets and figure out how to reset Ledger.

  2. Then she needs to import the seed phrases. Now I did tell her that they are called seed phrases but I doubt she could remember this. So finding what to do to even access my wallets would take some time. Maybe not a lot but still.

  3. Ok so now she has wallets set up. So now she needs to find a way how to get actual EUR out of those. Only way that I know is exchanges. Oh, thats right, she doesnt have an account on any exchanges! Ok so she googles and finds Binance as biggest exchange. And then needs to do KYC before she can do anything.

  4. She needs to send all cryto to exchange. She finds herself navigating through different networks which is quite challenging and she will probably lose half of my crypto along the way because she will send it through wrong networks. Oh yea and on Metamask, she probably doesnt know that I have some crypto on Polygon chain, but will probably not know how to switch to it, so it is kinda hidden for her.

  5. Gas fees. To send stuff around, she needs to pay gas fees and I hope there will be enough ETH to cover that. Wait what?? She just realised that 40€ out of 200€ was deducted when sending!

7.What is that? Binance doesnt have one coin listed, how can she then sell it??

  1. Finally she manages to swap my crypto on exchange for EUR. Was it really worth all the time for a relatively small amount that I had?

If she got access to my bank account, she would just click twice and send money to herself.

Look, what Im saying is that we desperately need better user interface for everything. Exchanges do a good job facilitating stuff like that, but self custody and DeFi can be challenging to navigate through. We need a user interface where most of before mentioned things happen in the background and the average user just has to operate with numbers. Is that even possible given the nature of this technology? I dont know, but on the other hand, I dont know much about computers and phones anyway. Yet I can still use them in a lot of ways, because I dont have to think about what happens in the background. Your thoughts?

submitted by /u/KlemenKisi
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