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It is common knowledge that Bitcoin was the first decentralized cryptocurrency. It was developed in the year 2009 by Bit2Me, which is a European platform that was established in the year 2014. However, they operate globally and facilitate the trading of various currencies, with their latest expansion focusing on attracting a wider audience, particularly focusing on beginners.
According to the Co-founder and CEO of Bit2Me, Leif Ferreira, security is the most important aspect of cryptocurrency trading, which cannot be ensured if there is a gap in knowledge. He explains that about a decade ago, people involved in cryptocurrencies were knowledgeable about the field. “But today, with the rise in its popularity in the media, there has been an influx of newcomers, whose enthusiasm far exceeds their knowledge of the technology,” he adds. Platforms such as Bit2Me aim to ensure that crypto is accessible to everyone and each person understands its intricacies thoroughly.
This is achieved through the simplification of their UX in a way that helps new users. Moreover, throughout the platform, they offer walkthrough solutions through features such as Academy, which is an e-learning platform acquiring knowledge from both verified bibliography and trusted mentors in the industry. “We offer videos, articles and step-by-step guides,” Ferreira added. However, it is also important to note that the academy is not meant just for new users. The training sessions that are offered are meant for micro, small and large businesses, as well.
Many new users do not understand how digital wallets work either. Some platforms need users to have a separate digital wallet, while many platforms like Bit2Me, began with a wallet.
“Our first-ever product was the Bit2Me wallet, which is inclusive of a Fiat on/off-ramp. Thus, our users can instantly buy, sell, trade and exchange cryptocurrencies,” Ferreira explains. With their own wallet in place, Bit2Me ensures optimal security, which is augmented with their complex scheme that includes hot/cold wallets and custody solutions.
Today, with the increasing popularity of digital currencies, many platforms are also coming up. As Bit2Me is an older platform, it has managed to build a community. Many other platforms are still very fundamental, in terms of structure. Thus, users are required to have their own wallet and understand the intricacies on their own.
Today, governments and entities of different countries are in the process of launching their own digital currencies. Thus, it is not going to be very long before bitcoin and altcoins go mainstream. However, it is important for new users to start with a platform that is user-friendly. Today, the rise in the popularity of cryptocurrencies has definitely made the process of its adoption easier and with time, it will probably get even simpler.
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