The Crypto Conundrum: Why We Need a Better Investment App

The crypto market is booming, and with it, there's a flood of crypto apps. Yet, there's a lingering question: why do we need yet another app to invest in cryptocurrencies? We're about to dive into the reasons why a new kind of app is not only necessary but crucial for the modern crypto investor.

The Hassle of Securing a Crypto Wallet

So, you've decided to invest in crypto. But this decision opens up a pandora's box of choices and complications. Firstly, you need to secure a crypto wallet. Will you purchase a hardware wallet, opt for a browser extension, or use the Coinbase wallet? With over 300 different wallet options and the decision of what chains to invest in, it's enough to make your head spin.

Once you've decided, setting up this wallet isn't a walk in the park either. For a hardware wallet, you'll need to set up the device. For a browser extension, you'll need to generate a private key and keep it safe. Let's not forget the risk of private key compromise, which can lead to your wallet being drained.

The Challenge of Funding Your Wallet

Secondly, you need to fund your wallet. Again, this process isn't as simple as it sounds. There are numerous sites and applications available to deposit fiat or convert it into cryptocurrency. However, depending on your chosen method (bank card, debit card, or credit card), you might face complications and validation processes. Plus, some credit cards don't even support crypto purchases.

The Difficulty of Picking Your Crypto Investment

Once you've secured and funded your wallet, you're faced with the question of what to invest in. Your choices are limited by both the wallet you've chosen and the currency you've used to fund it. For instance, let's say you're interested in Solana and have created a Phantom wallet. You've funded your wallet with Solana, but later decide you want to purchase Pepecoin or another digital asset not on the Solana blockchain. Now, you're facing a hurdle and will have to navigate the tricky process of purchasing across different chains.

The Risk of Buying the Wrong Asset

Aside from this, there's also the risk of buying the wrong asset. With no rules around naming for crypto assets, anyone can mint a new coin and use any symbol they want. This has led to situations where scam coins, bearing identical names to legitimate ones, trick users into buying worthless tokens. Therefore, it's crucial to verify the authenticity of the asset before making a purchase. This requires an extra layer of due diligence, adding to the complexity of the process.

This has led to situations where scam coins, bearing identical names to legitimate ones, trick users into buying worthless tokens. Therefore, it's crucial to verify the authenticity of the asset before making a purchase. This requires an extra layer of due diligence, adding to the complexity of the process.

The Complexities of Conducting a Transaction

The actual buying process is another labyrinth to navigate. If you're using a browser extension, you'll need to connect your wallet to the chosen DEX, select the right chain, and search for the asset you wish to buy. Also, the transaction itself requires you to sign your wallet, determine the gas amount you're willing to pay, and ensure there's enough crypto in your wallet to cover the gas cost. Any misstep, and the transaction fails.

The Limitations of Current Wallet Solutions

Moreover, current wallet solutions are device and browser-specific, limiting your ability to invest across different platforms. For instance, a browser extension won't work on your phone unless you have the wallet app installed. The need to switch between devices and browsers adds an unnecessary layer of complexity to the investment process.

Introducing WeInvest: A Simpler Solution

This is the problem we're out to solve with WeInvest. While others are trying, we believe the space still needs a seamless, user-friendly way for people to invest in crypto. With WeInvest, you can log in using your email and password or your social web account. From there, you can instantly invest in an asset, buy, sell, swap, or stake, all with just a few clicks.

WeInvest takes care of the gas fees dilemma, the private key challenges, and the issue of wallet accessibility across devices and mediums. No longer will you be restricted to a specific device or browser. Moreover, you won't have to worry about third-party access to your funds.

With WeInvest, you can preview your order with one click, and place it on the chain with the second. You can do this from any device, without worrying about managing your private key or covering your gas costs. We're excited about the possibilities WeInvest offers, and we look forward to sharing more updates with you soon. Investing in crypto should be exciting, not daunting, and that's what we're here to ensure.