How explain the benefit of crypto to newbie

in #leofinance3 years ago

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I promote cryptocurrency basics by word of mouth, and I learned that giving a whole sermon to a newbie is an inadequate idea. Better display as little as possible and give the basics. People willing to learn don’t need enormous bulk as an intro.

The most frequent questions I receive are why it is better than the FIAT and how can I use it? I disregard the idea that a person will adopt the same day. Usually, people want to know the hype and how they can benefit from it (fast).

I mention the privacy, safety, owning, and trading of volatile coins with beneficial effects. Worth mentioning is that learning requires time in case they plot to get wealthy over the night. Hard start how to earn is time and effort consuming for an absolute beginner. They will choose after knowing the details.

But I pass them valuable information, which crypto they can use, and how they can use it. Meaning how they can exchange it for FIAT. Many people lack ways to pay with cryptocurrency. So using FIAT exchange is the first step for adoption. How they can withdraw to their bank account.

If they don’t have a bank account, I show them where they can find affordable debit or virtual cards.

Skrill had excellent service, but they turned off the crypto exchange. It has a debit card that needs 10 USD in your account. A virtual card requires depositing a small amount of cash with the Paycash to activate it. After you can transfer FIAT from an exchange, for example, the Crypterium. Or Kraken, but it requires a long process and nobody likes it.

Videos are helpful compared to reading long tutorials. I find Bitcoin Cash the easiest to explain: miners’ fee (blockchain), transaction (to your bank), and exchange fee (inside exchange). It is all depending on what service a person wants to use.