Opinion: To achieve mass adoption, we need to simplify crypto

Crypto is amazing, used all around the world with no restriction, truly fueling the decentralized dream.

However, I believe that in order to truly achieve greater global adoption, we need to simplify the whole process of crypto.

By adoption, I mean not only new users joining the crypto eco-system, but them owning crypto on their own wallets, rather than exchanges.

As much as I love crypto, it is arguably very complicated for newbies. First, they have to get past all the negative information and FUD constantly shared about crypto. After that, if they decide to purchase crypto, they usually need to go through an exchange...
That's simple.... Well no. Let me guide you through the process.
There are many exchanges... so which one do I choose? Also wasn't there a big exchange that just went bankrupt... I don't want that to happen to my coins...

Ok... so let's sat we got past the exchange step, and we have settled to go through binance. It is the biggest one out there after all... Now it's time to go through KYC. Why do they need my ID? And a selfie? Is this safe? Doesn't crypto get hacked a lot? I won't want my identity to be stolen

Ok, finally on an exchange and managed to buy some crypto. At least the exchanges have a simple UI, semi-transparent fees, and an easy way to manage all my holding...

We can all agree that all of that was pretty complicated. Many of the concerns may seem trivial and easy to experienced users, but imagine if this was your first time interacting with crypto.

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Now... how about I withdraw my crypto to my own wallet? I heard that its safer. What's the process?
Well first, you need to choose a wallet. No, not all coins can be in the same wallet. Different wallets for each coin. And you need gas. What's gas? Well it's a fee you pay everytime you make a transaction. But that wasn't on the exchange?
Well what happens if I press the wrong button and send my money to the wrong address? Well you loose everything, better luck next time.

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Looking at how difficult the whole process can seem to people who are hearing about crypto for the first time, it is no wonder that people are hesitant to participate, and decide to HODL the majority of their tokens on exchanges.

If we want to change this, we need to make self-custody much simpler and straightforward. Just remember, if you think the average person is dumb, just remind yourself that 50% are dumber.

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As always, good luck and happy trading