The crypto space is a place of permissionless innovation, a dream for builders and hackers who release new products to the market every week. This proliferation of products is a blessing for the space. Many approaches and concepts need to be tested to ultimately find out what works.
This abundant choice, unfortunately also makes the space extremely complex to navigate for people who are new to it. At cryptotesters, we want to help people who are new to crypto by recommending the best products to them. We further believe that exchanges are not the place to begin your blockchain journey. Why? They’re unsafe, confusing and the process of withdrawing crypto to a separate wallet is too cumbersome to scale to a billion people.
We believe that a user’s blockchain journey should begin by downloading a mobile wallet, buying crypto within the wallet and begin interacting with the underlying Blockchain protocols right away. The wallet ecosystem is growing and improving everyday and users should find the best wallets to get the best possible experience. That’s why we are launching a wallet review platform, that compares and ranks existing wallets.
We want to become the one-stop address for people curious but new to the crypto space. Historically, crypto companies have been bad at marketing their products to mainstream audiences. We want to change that. We will look out for the wallets with the best user experience to give people new to the crypto place the best introduction. Crypto was designed to be a peer-to-peer system so we will not promote custodial wallets that work like banks. We’ll feature wallets that do well at reducing and hiding a lot of Blockchain related complexity. Wallets that make Blockchain feel and look like traditional fintech apps. Wallets that communicate complex issues in an understandable way to the user. Wallets that let users access a variety of Blockchain features, not simply sending & receiving. Our ranking will only be guided by these principles. To give a few examples in the current landscape: wallets that have keyless recovery, fiat on-ramps and natively integrated DeFi protocols would rank well.
However, our vision does not end here. We anticipate the crypto space to continue evolving. We are at the very beginning. Eventually there will be endless crypto products to choose from spanning different sectors (think Insurance, Loans etc.) and our aim is to help users select the best of each.