User-Friendliness in Crypto Trading and Swapping – The Way to Go in 2024

We
can
all
agree
that
crypto
has
come
a
long
way.
It
has
grown
from
a
niche
interest
to
a
mainstream
financial
tool.
And
as
cryptocu 
rrencies
continue
to
gain
popularity,
more
and
more
users
are
looking
to
participate
in
the
crypto
market
one
way
or
another. 

Some
choose


trading

and
swapping.
However,
the
complexity
of
these
activities
has
been
a
barrier
to
entry. 

Fortunately,
things
got
easier;
trading
platforms
became
more
accessible
to
all
users,
and
developers
started
building
user-friendly
platforms. 

In
2024,
user-friendliness
is
not
just
a
nice-to-have
feature;
it’s
a
necessity.
With
more
users
exploring
the
world
of
digital
assets,
the
demand
for
intuitive,
accessible,
and
efficient
trading
platforms
is
higher
than
ever. 

Thus,
how
have
crypto
trading
and
swapping
platforms
progressed,
what
pain
points
do
they
have,
and
what
should
such
a
platform
offer
to
be
truly
user-friendly? 

How
Have
Crypto
Trading
and
Swapping
Changed? 

A
few
years
ago,
crypto
trading
used
to
be
a
complex
and
time-consuming
activity,
sometimes
even
being
a
bit
confusing,
especially
for
beginners.
Platforms
were
designed
primarily
by
and
for
tech
enthusiasts,
with
little
consideration
for
user
experience. 

The
interfaces
were
often
complex,
requiring
extensive
knowledge
of
blockchain
technology
and
market
mechanics.
As
a
result,
many
potential
crypto
traders
found
the
idea
of
trading
crypto
intimidating
and
decided
to
choose
other
crypto-related
activities. 

Over
the
years,
however,
the
crypto
trading
concept
has
changed
surprisingly.
Many
user-friendly
platforms
were
developed
and
gained
popularity,
especially
thanks
to
this
feature.
Many
platforms
include
modern
design
principles,
focusing
on
simplicity,
clarity,
and
ease
of
use. 

Another
significant
change
is
represented
by
the
introduction
of
automated
tools
and
features.
Trading
bots,
for
instance,
make
it
possible
for
users
to
execute
trades
without
needing
to
be
actively
involved.
All
they
have
to
do
is
set
up
the
bot
the
right
way. 

Furthermore,
mobile
apps
made
it
even
easier
to
trade
crypto
and
can
actually
be
considered
a
game-changer. 

The
Fees
that
Scared
Them
All

One
of
the
biggest
obstacles
to
the
widespread
adoption
of
crypto
trading
used
to
be
the
high
fees
associated
with
every
crypto
transaction.
High
fees
scared
and
drove
away
many
potential
traders
who
feared
that
the
costs
of
trading
would
outweigh
the
benefits. 

And
fees
still
are
a
bit
of
a
problem,
depending
on
some
factors.
For
example,
when
the
market
is
crowded,
it’s
almost
impossible
to
avoid
higher
fees,
and
this
can
make
traders
think
twice
before
completing
a
trade. 

Fortunately,
many
crypto
projects
focus
on
lowering
the
fees
as
much
as
possible
without
affecting
the
overall
user
experience.
A
good
example
is


Swapped.com,
a
platform
that
charges
as
low
as
0.5%
for
bank
transfer
swaps. 

A
Crypto
Trading
Platform
Should…

…Be
Suitable
for
a
Wide
Range
of
Crypto
User

A
truly
user-friendly
crypto
trading
or
swapping
platform
should
focus
on
a
wide
audience,
from
beginners
to
seasoned
traders.
If
a
project
still
aims
to
divide
the
two
groups,
it
can
develop
two
platforms:
one
designed
for
beginners
and
one
specially
built
for
experienced
crypto
investors. 

This
can
help
a
company
significantly
increase
its
user
base,
as
it
is
harder
to
offer
everything
every
user
might
need
through
a
single
platform.
Instead,
developing
two
similar
ones
will
do
the
trick.
This
way,
anyone
who
wants
to


buy
crypto

will
have
a
suitable
platform
for
this. 

Still,
it’s
essential
to
keep
in
mind
that
both
platforms
should
be
user-friendly.
While
the
beginner
version
is
easier
to
use
and
leverages
automated
processes
more,
the
other
one,
which
is
designed
for
experienced
traders,
should
make
it
easy
for
them
to
find
all
the
features
they
might
need.

…Have
Transparent
Fee
Structures

We
have
already
mentioned
that
it’s
pretty
difficult
to
keep
the
fees
under
control
all
the
time,
as
they
depend
heavily
on
market
conditions.
However,
you
can
build
transparent
fee
structures. 

In
the
crypto
industry,
transparency
is
golden,
and
the
projects
that
don’t
provide
it
are
less
likely
to
become
popular
and
widely
used.
Traders
are
looking
for
safe,
secure,
transparent,
and
overall
trustworthy
platforms
to
help
them
manage
their
funds. 

This
can
also
apply
when
it
comes
to
fee
structures.
The
trading
and
swapping
platforms
that
will
provide
them
will
have
much
to
win.
Users
should
be
able
to
see
exactly
what
they
are
paying
for,
with
no
hidden
costs.
A
clear
and
straightforward
fee
structure
helps
build
trust
between
the
platform
and
its
users,
encouraging
them
to
trade
more
frequently
and
with
more
confidence. 

A
trading
or
swapping
platform
can
also
have
a
disclaimer
stating
that
network
fees
do
not
depend
on
the
platform
itself
but
on
the
network
activity.
This
can
be
helpful,
especially
for
beginner
traders. 

…Provide
Fast
Transactions

In
the
crypto
industry,
speed
is
crucial.
Users
want
to
complete
their
transactions
quickly
and
efficiently
without
having
to
wait
for
long
processing
times.
Delays
in
trading
can
lead
to
missed
opportunities,
especially
considering
how
volatile
the
crypto
market
is.
So,
a
user-friendly
platform
should
(or
even
must)
prioritize
fast
transaction
processing
to
keep
its
users
satisfied. 

To
achieve
this,
platforms
need
to
invest
in
developing
features
that
can
support
larger
volumes
of
transactions
without
slowing
users
down.
This
might
include
using
high-performance
servers
and
optimizing
network
connections. 

Furthermore,
crypto
trading
apps
and
platforms
should
also
offer
real-time
market
data.
This
way,
users
can
make
more
informed
decisions
based
on
the
latest
information
about
market
changes. 

…Offer
Educational
Tutorials

Imagine
you


created
your
first
crypto
wallet

and
just
signed
up
on
your
first
trading
or
swapping
platform.
You
have
heard
of
crypto
before,
you
know
there
is
a
cryptocurrency
named
Bitcoin,
you
can
either
buy
or
sell Bitcoinsell Bitcoin”>

sell
Bitcoin

and
other
cryptocurrencies,
NFTs
are
photos
stored
on
blockchain,
blockchain
is
a
concept
that
focuses
on
decentralization,
and
Satoshi
Nakamoto
is
popular
because
of
Bitcoin. 

You
go
to
that
platform
you
have
just
signed
up
for
and
try
to
make
your
first
swap.
However,
there
is
no
explanation
of
how
you
are
supposed
to
do
it.
You
see
a
“Connect
Wallet”
button,
but
why
should
you
connect
your
wallet
when
you
don’t
have
crypto
assets
yet? 

This
is
where
educational
content
comes
into
play.
When
you
feel
overwhelmed
by
all
the
new
concepts
and
processes
in
the
crypto
industry,
just
look
for
a
platform
that
also
offers
educational
content
and
detailed
tutorials
about
how
to
use
its
features. 

This
way,
your
trading
experience
will
improve
significantly,
and
you
will
have
a
better
view
of
how
trading
works,
what
you
can
do
to
maximize
your
earnings,
and
how
you
can
navigate
through
a
certain
platform
as
fast
and
efficiently
as
possible. 

In
Conclusion

Crypto
and
blockchain
have
progressed
surprisingly.
The


use
cases
of
blockchain
technology

increase
with
each
day
that
passes,
and
new
crypto-related
platforms
make
our
trading
experience
easier. 

Still,
user-friendliness
remains
a
widely-discussed
and
much-expected
concept.
Regardless
of
their
knowledge
and
expertise,
crypto
enthusiasts
want
and
seek
to
interact
with
user-friendly
platforms,
especially
when
it
comes
to
trading,
which
is
a
pretty
complex
activity. 

The
future
of
crypto
trading
lies
in
making
it
as
easy,
intuitive,
and
fast
as
possible
for
everyone,
whether
we’re
talking
about
beginners
or
experienced
traders.
Thus,
related
platforms
should
ensure
they
are
transparent,
offer
educational
tutorials,
and
provide
fast
and
safe
transactions.