New to Crypto? Make sure you use an exchange with support and education
The crypto market is still in its infancy, and many new users are eager to get involved in this exciting new asset class. However, the industry is growing and becoming more mainstream. Therefore, there will be an increased need for people with knowledge of how cryptocurrencies work and how to use them safely.
Start at the beginning
Newer customers need to understand what they are 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 cause of this.
Here are some examples of bad actions users can take that will lose money quickly:
- Don’t know how to handle private keys securely.
- Trading cryptocurrency on an exchange without understanding margin trading or stop-loss orders
- Sending coins from one exchange directly to another exchange for withdrawal instead of waiting for the withdrawal process to complete
- Using an insecure wallet provider
- Don’t understand how taxes work.
- Not having a secure password for your account.
Clearly, there is a steep learning curve associated with cryptocurrency. Anyone who skips learning the basics will run into trouble eventually. There is no reason to take shortcuts when money is at stake. At the same time, it is easy to misunderstand cryptocurrency and everything it stands for. Fortunately, it can be solved through practical and comprehensive educational resources.
Exchanges have a crucial role to play
Cryptocurrency exchanges are the primary gatekeepers of the crypto industry. These platforms allow users to easily buy, sell and trade cryptocurrencies. In addition, they protect through various functions, although users are still responsible for their actions. However, exchanges and trading platforms also play an educational role.
Most top exchanges recently started introducing educational material to their platform and social activity. These lessons are valuable for both beginners and experienced crypto users. There is a lot to learn in the industry and no one will ever know everything. Additionally, being an educator helps distinguish prominent exchanges from smaller trading platforms.
However, there is more to explore beyond education. Self-respecting exchanges and trading platforms will provide multiple levels of support. This includes tailored credit limits, convenient account top-up, 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.
The same mentality can be found on other major trading platforms, including Binance, Coinbase, Kraken, KuCoin, MEXC, etc. All of these companies recognize the importance of guiding users. Not everyone has the same skills or knowledge about cryptocurrencies and their underlying technology. Education and customer support go hand in hand, and seeing more companies embrace this attitude is a huge boon for the crypto industry.
Provides a “home” for crypto enthusiasts
Many people consider exchanges as a way to buy or sell cryptocurrency, as if it is a necessary step along the way. Platforms like Zonda illustrate that they can provide a warm home for industry veterans and newbies alike. Moreover, it has received various awards since its inception.
However, all major exchanges have taken this approach recently. Whether through educational portals – such as Binance Academy – or incentives – such as Coinbase Earn – there is a significant focus on learning and mentoring. It paves the way to achieve mass adoption of cryptocurrency globally. Users can get all their questions answered through one platform instead of relying on different resources.
The crypto market is still in its infancy, and many new users are eager to get involved in this exciting new asset class. However, the industry is growing and becoming more mainstream. Therefore, there will be an increased need for people with knowledge of how cryptocurrencies work and how to use them safely.
Start at the beginning
Newer customers need to understand what they are 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 cause of this.
Here are some examples of bad actions users can take that will lose money quickly:
- Don’t know how to handle private keys securely.
- Trading cryptocurrency on an exchange without understanding margin trading or stop-loss orders
- Sending coins from one exchange directly to another exchange for withdrawal instead of waiting for the withdrawal process to complete
- Using an insecure wallet provider
- Don’t understand how taxes work.
- Not having a secure password for your account.
Clearly, there is a steep learning curve associated with cryptocurrency. Anyone who skips learning the basics will run into trouble eventually. There is no reason to take shortcuts when money is at stake. At the same time, it is easy to misunderstand cryptocurrency and everything it stands for. Fortunately, it can be solved through practical and comprehensive educational resources.
Exchanges have a crucial role to play
Cryptocurrency exchanges are the primary gatekeepers of the crypto industry. These platforms allow users to easily buy, sell and trade cryptocurrencies. In addition, they protect through various functions, although users are still responsible for their actions. However, exchanges and trading platforms also play an educational role.
Most top exchanges recently started introducing educational material to their platform and social activity. These lessons are valuable for both beginners and experienced crypto users. There is a lot to learn in the industry and no one will ever know everything. Additionally, being an educator helps distinguish prominent exchanges from smaller trading platforms.
However, there is more to explore beyond education. Self-respecting exchanges and trading platforms will provide multiple levels of support. This includes tailored credit limits, convenient account top-up, 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.
The same mentality can be found on other major trading platforms, including Binance, Coinbase, Kraken, KuCoin, MEXC, etc. All of these companies recognize the importance of guiding users. Not everyone has the same skills or knowledge about cryptocurrencies and their underlying technology. Education and customer support go hand in hand, and seeing more companies embrace this attitude is a huge boon for the crypto industry.
Provides a “home” for crypto enthusiasts
Many people consider exchanges as a way to buy or sell cryptocurrency, as if it is a necessary step along the way. Platforms like Zonda illustrate that they can provide a warm home for industry veterans and newbies alike. Moreover, it has received various awards since its inception.
However, all major exchanges have taken this approach recently. Whether through educational portals – such as Binance Academy – or incentives – such as Coinbase Earn – there is a significant focus on learning and mentoring. It paves the way to achieve mass adoption of cryptocurrency globally. Users can get all their questions answered through one platform instead of relying on different resources.
