Onboarding with Bitshares Part One: Getting them into Crypto

Wallet, exchanges, centralized versus decentralized, thousands of cryptos, and not to mention all the new jargon and vocabulary.

There is a lot to crypto that can overwhelm or prevent new individuals, businesses ,and organizations from investing and being apart of the movement.

We need to be able to help and teach these individuals and parties in a way that they feel comfortable about cryptocurrency and financial trading in a way that they can keep doing it themselves without further assistance with the goal of them teaching crypto to others as well.

This is called onboarding.

Getting people, businesses, and organizations into the cryptocurrency world.

It is what I have been doing a lot of recently. With crypto going more mainstream, tens and tens of friends and family have contacted me asking questions and picking my brain.

It is something I am sure we are all experiencing. People asking for our help and advice on crypto.

This is how I have been doing it. The process below is what I have been teaching, talking, walking through, and spending hours with people doing. All to help them become financial stable and to help them reach their goals and dreams.

STEP ONE: Help familiarize them with cryptocurrency

The usual conversation is them talking about how they have seen the rises and gains in Bitcoin and know that they somehow want to be invested in cryptocurrency. Then they ask which cryptos that I believe in. I respond in the same manner to everyone of them:

"BTS, STEEM, and EOS."

And then they ask why. I go into the "Why?" answers below usually starting off with "Bitshares is not only a currency it is a decentralized exchange..."

Why BTS?

• Part One: https://steemit.com/utopian-io/@chiefmappster/why-bts
• Part Two: https://steemit.com/utopian-io/@chiefmappster/why-bitshares

STEEM

• Part One: https://steemit.com/steem/@chiefmappster/why-steem
• Part Two: https://steemit.com/utopian-io/@chiefmappster/2i2r4x-why-steem

Why EOS?

• Part One: https://steemit.com/utopian-io/@chiefmappster/why-eos
• Part Two: https://steemit.com/utopian-io/@chiefmappster/4hgrm1-why-eos

Everyone doesn't need to hear all the reasons every time so I usually tailor my reasons why to best fit the person, business, or organization I am talking to.

Then they create a Bitshares account. It is one place where you can purchase all three of these cryptos. This is definitely a huge benefit I have noticed when onboarding with Bitshares

Some things I make sure to point out is to save and write down their password in numerous places and I personally use the Cloud Wallet sign-in because I have not witnessed any password bugs with this type of log-in like some experience with downloading the bin file.

Also, I tell them not to screenshot their passwords but actually write all the characters out. I had a friend who lost access to his Bitshares account right after he transferred some Ethereum in because he screenshot the password screen. The password screen only showed 48 characters instead of his full password. He is still trying to recover his account.

Also during this phase, I explain to them how the OPEN. cryptos works in Bitshares explaining to them that each OPEN.STEEM for example is backed 1:1 by real STEEM and how having a 1:1 backed by collateral is HUGE in crypto land.

I usually try and end this part of the conversation with the benefits of Bitshares as a decentralized exchange so that when they use the centralized exchange in the next step it is fresh in their minds.

STEP TWO: Help them get crypto from fiat in one of these centralized exchanges.

This usually incorporates them setting up a Coinbase account, buying Bitcoin or Ethereum from their bank account or debit/credit card.

I have noticed that even on these centralized exchange I need to slow down a really take it one step at a time to make sure their first crypto trading experience is a smooth one. First impressions play such a huge role.

They get so excited and press that buy button and then they see this for example

"Whatttttt?!!! I have to wait that long before I can use that Bitcoin"

"Woah so I can't buy the BTS, STEEM, and EOS today?"

Just some of the responses I have seen from my friends and family during this phase of the onboarding.

And then I reiterate the nature of centralized exchanges such as Coinbase verses decentralized exchanges like Bitshares. This seems to help reiterate the importance and benefits of using Bitshares. They just wish they could get fiat in with Bitshares.

Don't we all :)

This concludes Part One of "Onboarding with Bitshares."

Hope this provides value so that you can help and teach others to get into cryptocurrrency as well spreading this awesome movement across the global.

Part Two coming soon.

Thank you for your time and attention. It means the world to me.

Image Sources:

• https://onemorecupof-coffee.com/make-money-coinbase-gdax/-

Namaste

@chiefmappster

---

Posted on Utopian.io - Rewarding Open Source Contributors

---