Difficulties that face new investors in the cryptocurrency market
Cryptocurrency is a vast and thoroughly interesting subject, it can also be complex for beginners to get their heads around. Newbies often struggle to understand the basics and it can be very tough to get to grips with purchasing and trading different coins and tokens. This, unfortunately, puts off a lot of people and many investors only get involved in crypto if they know a friend that has invested before them and can show them the ways.
In my opinion, along with falling market prices, this is one of the main reasons why we have seen interest in crypto wane over the past year. After successfully finding an app or website that allows an individual to purchase crypto (e.g. Coinbase), it can take a long time for an investor to sign up, verify an account and get approved to purchase the amount that the investor wants. This difficulty coupled with slow transaction times and a lack of customer support can make the whole task very laborious and ultimately off-putting.
I've always thought that there should be an easier way for beginners to buy crypto, I've looked into P2P websites and services like Localbitcoins and LocalEthereum that are great because there are fewer restrictions and a wider range of payment options. However, I will admit, if someone isn't familiar with cryptocurrency and how Bitcoin/Ethereum transactions work then they are going to struggle to purchase crypto in this manner. They are not the safest of websites because there are a lot of scammers that operate on these channels, the P2P platforms also have a lot less volume and investors will not get their orders filled immediately or potentially not get the trade at the price they require.
TAP App & Card
This is where I think the TAP app & card really comes into its own. TAP Global is a brand new project that is aiming to offer a new option to beginners, intermediate investors and experienced traders so they can buy & sell cryptocurrencies with ease. They have an app for traders to hold funds and make trades in seconds at the best available prices from a range of different exchanges, they also boast an impressive card that will allow cryptocurrency holders to make payments with their crypto in shops and online or even withdraw cash from ATM's.
The app is easy to sign up to and the investor will only need to fill in KYC once. KYC is a real bugbear for traders and it will be welcome news to a lot of people that they will be able to buy and sell crypto on so many exchanges without needing to take the time out of their busy schedules to fill in long applications. The TAP team hope to implement the API's for popular platforms like Binance and Kraken, it will be a user-friendly app and it will be clear to see which exchange is offering the most competitive price at the time the investor would like to make the trade. 3-second trade confirmation speeds will also give new investors an increased peace of mind that they will struggle to find on other exchanges.
I wrote another article about TAP a few weeks ago, it goes into more detail on the TAP features. The purpose of this article was to highlight the benefits of using TAP over conventional crypto investment models.
Link to my previous article: https://coins.newbium.com/post/23298-tap-global-app-crypto-card
TAP Official Links:
Website: http://www.tap.global/
Whitepaper: http://www.tap.global/whitepaper.pdf
Telegram: https://t.me/tapngoofficial
Twitter: https://twitter.com/tapofficial1
Reddit: https://www.reddit.com/r/TAP_Official/
Medium: https://medium.com/@tapngo.social