cryptocurrency, wallet, dapp, decentralized marketplace, security, education, blockchain technology, peer-to-peer transactions

How to Onboard the Average Person into Cryptocurrency: A Step-by-Step Guide

  • Loxicom

Categories: blockchain crypto crypto wallet dapps smart contracts software web 3.0


By: Shawn Chambers 


A lot of talk about Crypto Currencies, but I like to focus on Digital Assets, as I believe that these will be the real winners going foward into the future. Digital assets has seen an incredible surge in recent years, yet many remain overwhelmed by the technology and unsure how to get started. In this blog post, we'll cover everything you need to know about introducing someone new to Digital assets - from setting up a wallet to connecting it to an app or marketplace.

Step 1: Choose a Wallet
The initial step in entering digital assets is choosing an electronic container to store, send and receive digital assets. Different wallet types exist such as software wallets, hardware wallets or mobile wallets; each offering their own advantages and drawbacks so do your research to find which one best meets your requirements.

Step 2: Acquire Digital Assets
Once your wallet is established, the next step is to purchase digital assets. There are various methods of doing this - using a digital digital assets, peer-to-peer marketplace or Bitcoin ATM. Be sure to do your due diligence and select an established platform for purchasing digital assets from.

Step 3: Link to a Digital App or Marketplace
To complete this step, it is necessary to establish connectivity with either an electronic application or marketplace.

Once you have digital assets in your wallet, it can be linked to a decentralized application (dapp) or marketplace. Decentralized apps utilize blockchain technology for peer-to-peer transactions without the need for a central intermediary, while decentralized marketplaces facilitate buying and selling using digital assets as the medium.

To link your digital assets to a digital app or marketplace, you'll need the wallet address associated with your coin. Generally, this information can be found under either "receive" or "send" tab in your wallet. Once you have this address, enter it into the dapp or marketplace to link your digital assets to their platform.

Step 4: Adopt Security Best Practices
This is the final step to taking your security to a new height.

Security is of the utmost importance when it comes to digital assets. To keep your funds safe, utilize strong passwords, enable two-factor authentication and never share private keys. Furthermore, be wary of potential scams or phishing attempts and only use trusted platforms for purchasing digital assets as well as connecting to dapps and marketplaces.

Step 5: Stay Informed
The world of digital assets is rapidly developing, making it essential to stay abreast of the latest trends and developments. There are various resources available for learning about digital assets such as online courses, forums, and social media groups.

At first glance, digital assets may seem complex and overwhelming. But with the right tools and knowledge, it can be an exhilarating and rewarding experience. By selecting a wallet, purchasing digital assets, connecting to a dapp or marketplace, understanding security best practices, and staying informed - anyone can enter this exciting world of finance!