The crypto market is still in its infancy, and many new users are eager to get involved with this exciting new asset class. However, the industry grows and becomes more mainstream. Therefore, there will be an increased need for people with knowledge of how cryptocurrencies work and how they can use them safely.
Start at The Beginning
Newer customers must understand what they're getting into before using crypto exchanges. There are many ways to lose money quickly if you don't know what you're doing, and a misunderstanding of how cryptocurrencies work can be a quick reason for this.
Here are a few examples of poor actions users can take that would lose them money quickly:
- Not knowing how to handle private keys securely.
- Trading cryptocurrency on an exchange without understanding margin trading or stop-loss orders
- Sending coins from an exchange directly to another exchange for withdrawal rather than waiting for the withdrawal process to complete
- Using an insecure wallet provider
- Not understanding how fees work.
- Not having a secure password for your account.
It is evident there is a steep learning curve associated with cryptocurrency. Anyone skipping out on learning the basics will run into trouble eventually. There is no reason for shortcuts when money is at stake. At the same time, it is easy to misunderstand cryptocurrency and everything it stands for. Thankfully, that can be resolved through convenient and comprehensive educational resources.
Exchanges Have a Crucial Role to Play
Cryptocurrency exchanges are the primary gatekeepers of the crypto industry. These platforms let users buy, sell, and trade cryptocurrencies with ease. Additionally, they protect through various features, even if users remain responsible for their actions. However, exchanges and trading platforms also play an educational role.
Most top exchanges recently began introducing educational material to their platform and social activity. Those lessons are valuable to novice and experienced crypto users alike. There is much to learn in the industry, and no one will ever know everything. In addition, being an educator helps differentiate prominent exchanges from lesser trading platforms.
However, there is more to explore beyond education. Self-respecting exchanges and trading platforms will provide multiple support tiers. That includes custom-tailored credit limits, convenient account top-ups, fast customer support, easy identity verification, etc. Zonda Exchange checks these boxes and more, confirming the company's commitment to building a versatile exchange with a clear customer-first approach.
That same mentality can be found across other crucial trading platforms, including Binance, Coinbase, Kraken, KuCoin,MEXC, etc. All of these companies acknowledge the importance of guiding users. Not everyone has the same skill or knowledge regarding cryptocurrencies and their underpinning technology. Education and customer support go hand-in-hand and seeing more companies embrace that attitude is a big boon for the crypto industry.
Offering A “Home” To Crypto Enthusiasts
Many people consider exchanges as a way to buy or sell cryptocurrency like it is a necessary step along the path. Platforms like Zonda illustrate they can provide a warm home to industry veterans and novice users. Moreover, it has received various awards since its inception.
However, all major exchanges are taking this approach lately. Whether through educational portals - like Binance Academy - or incentives - like Coinbase Earn - there is a substantial focus on learning and guidance. It paves the way for achieving mass adoption of cryptocurrency globally. Users can get all questions answered through one platform rather than leaning on various resources.
