Consumers often feel intimidated when looking to invest in cryptocurrency – Cred strongly believes this is due to the lack of education in the crypto industry, confusing product offerings, as well as a lack of trust in the industry.
Cred is solving the main issues that mass consumers face with cryptocurrency: ease-of-access, transparency and understanding, by offering an easy-to-use platform that allows users to clearly invest in cryptocurrency, track their progress, learn about each coin prior to investing and receive daily market recaps and news updates.
How To Invest On Cred
After signing up and following familiar KYC protocol, Cred presents investors with a variety of cryptocurrency investment options such as Bitcoin, Ethereum, XRP, Litecoin, Komodo and ZenCash as well as tokens including Worldwide Asset eXchange's WAX and Neblio's NEBL.
In the app, each coin offering includes a graph that can be expanded to show the coin's price from the last 24 hours, month and all time. Users can then press a ‘Learn' button, which describes what each token's purpose, as well as its history and relevance in the industry. Investors can then select the type of currency they are interested in investing in, with a minimum investment amount of $10 and a maximum of $2,000 per month.
According to Brendon McQueen, Founder & CEO of Cred,
“I'm thrilled to finally offer a non-intimidating space for consumers to get involved in cryptocurrency.”
“There's an obvious gap in the market: people aren't investing in cryptocurrency because they think it's too complicated and complex. Cred creates a tangible space for people to take advantage of cryptocurrency at any level of experience without having to be an expert. Our platform is clear, quick and educational – helping us reach our mission of democratizing cryptocurrency and bringing it to the masses.”
For its initial rollout, Cred is launching in California, Missouri, Massachusetts and Montana with more states being introduced in the coming months. Cred is available for download via the Apple app store and Google Play store.
About 69 percent of Americans expect the price of Bitcoin to rise in the next 5 years but only 5 percent own Bitcoin, according to a Global Blockchain Business Council survey of 5,000 respondents. The high prices of cryptocurrencies, complicated platforms and lack of education can make the space intimidating for first-time investors.
Cred is currently partnering with 13 cryptocurrency platforms and coins, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Stellar, Monero, Dash, Komodo, Wax, Neblio and ZenCash. Cred continues to seek out interesting coins and projects to add to their platform; which takes some time due to the company's strict coin assessment process.