It’s been more than a decade since Bitcoin burst onto the financial scene, offering a digital alternative to the traditional financial system that’s been in place since people decided that bartering was a bad idea.
Of course, for years, Bitcoin existed as a niche fascination for a limited number of internet users who gathered in chat rooms and online forums to discuss the digital currency’s plausibility. Now, the decentralized juggernaut is joined by thousands of other digital currencies in a comprehensive crypto ecosystem that is no longer niche, but, for many people, remains entirely novel.
Indeed, studies consistently show that, while many people are interested in cryptocurrencies, few understand what they are, how they work, or how they function as a usable currency, speculative asset, and investment vehicle.
Fortunately, this is an entirely solvable problem, and many platforms have taken the initiative to educate new users, creating an easy-to-access on-ramp for those interested in the modern expression of money.
Here are five platforms leading the charge to educate crypto users and to increase crypto adoption.
Binance, one of the most prominent crypto exchanges today, is looking to expand its potential user base by providing free educational materials in a portal that it calls “Binance Academy.” The platform includes information related to blockchain technology, the economics of digital currencies, various security protocols, and user tutorials.
Already, the platform has dozens of articles on topics related to these subjects, and participants can propose new features to be added to the academy. In addition, Binance Academy has sorted content into convenient “playlists” that collectively comprise a comprehensive tutorial on all things crypto.
To test their knowledge, Binance Academy offers a collection of quizzes that evaluate users’ readiness and understanding of cryptocurrencies.
For those interested in crypto as an investment asset, NewsCrypto educational platform is a natural first stop for novice users. Offering everything from a tutorial on charts and trading to cryptocurrency basics, the platform positions users to successfully begin trading digital currencies.
What’s more, their educational offerings can support both novice and experienced traders, offering information on everything from airdrops to industry indicators.
Not only does NewsCrypto offer a free course, but they provide a professional trader track that can help traders take advantage of and benefit from the rich crypto investment ecosystem. When coupled with its built-in reward system, NewsCrypto is a simple platform that offers a hands-on education of the crypto space.
NewsCrypto is backed by a token that helps traders finance its pro features quite easily - if they’d like to put their crypto where their mouth is, and acquire the NWC token.
For some, the cryptocurrency space comes with a steep learning curve. Gaining even a surface-level understanding of the many technologies, platforms, and currencies available can be a daunting task.
Forex Academy tries to make the process simple by providing articles and resources on everything from token overviews to supportive technology tutorials.
While the platform doesn’t offer the same educational-oriented resources that Binance Academy and NewsCrypto provides, it’s a good resource for new investors looking to get up to speed on the latest trends, tokens, and technologies.
To be sure, HoneyMiner’s crypto education platform functions as more of a glossary than a full-featured academic program, but this resource can be invaluable for new users trying to understand crypto parlance and its implications for their engagement.
What separates HoneyMiner from other resources is its willingness to explain popular, though informal terms like HODL. In doing so, HoneyMiner allows new users to join the conversation while operating with the confidence that they are appropriately navigating this new financial space.
IBM’s crypto education platform is undoubtedly more self-focused than other resources. The company has a rich history of investing in and supporting new technologies, and they were one of the first enterprise companies to pursue blockchain technology.
IBM’s educational resource covers some beginner elements, but it is primarily focused on providing basic resources to enterprise customers. It undoubtedly lacks the specificity and sophistication as some of the company’s blockchain-related resources. Still, it’s a good starting point for businesses looking to integrate cryptocurrency and blockchain technology into their established workflows.