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Crypto is still too hard to be convenient

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by COINS NEWS 110 Views

I wanted to buy some MOONs today (yes, I am not making this up), and I have been primarily using CEXs for trading, but since MOONs are not listed anywhere, I needed to go through 'the regular' process.

And Lord behold, it is actually a pain in the ass. I have USDT on CEX and I need to pay a fee to withdraw it to an ERC-20 token in a wallet, then exchange USDT to DAI, which requires ETH, so I need to also withdraw ETH, and then and only then I can buy MOONs. The gas costs and withdrawal fees amounted to $12 on a $380 transaction. This is quite crazy.

In comparison, exchanging a fiat currency requires me to a) go to an exchange or b) just Revolut it (or similar) - that's the currency comparison. For jnvestments, I just need a brokerage account (same difficulty as CEX acc) and just add money and buy, usually commission free.

I think this is still a big issue for crypto adoption, it is just not yet very user friendly. I wouldn't consider myself a luddite, but this really did take some real time.

Rant over.

submitted by /u/marekt14
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