The Crypto Customer Service Problem by calaber24p

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· @calaber24p ·
$238.81
The Crypto Customer Service Problem
Whenever a company grows, one of the hardest things it needs to keep up with is the amount of employees needed in a certain area, especially if you are selling a product and that area is customer service. Good customer service can be the difference between whether or not you purchase something from one vendor or another. Unfortunately if were talking about an entire industry failing at customer service, there is something wrong.

<center>https://www.socialmediaexaminer.com/wp-content/uploads/2017/06/customer-service-bot-support.png</center>

The entire crypto space right now and almost all the companies that are within it are drowning in user request and failing to meet any sort of expectations. Almost all exchanges are looking at a week or two just to resolve basic issues and half the time the customer support doesnt even read the issue and sends you a generic response. This means you have to resubmit again and wait around for another week to get something solved. Crypto companies have been notoriously bad at customer service since the beginning, but whenever you see a user boom, they struggle even more. 

I personally ditched coinbase and moved to Gemini solely because they actually had people who were able to address my concerns. Coinbase shut my account down because one of their systems confused my bank login ID as my actual name and flagged the account. It took two weeks to get a response and the response was generic and obviously had not been read in depth by a person who understood english. Right now I am going through a similar problem with bittrex where I admittedly made a mistake but I cant even get a response from someone.

<center>https://www.novec.com/images/bigstock-customer-service-reps-6479294_67802.jpg</center>

Many of these companies, especially the altcoin exchanges are making money hand over fist, yet refuse to reinvest back into their website in the forms of security, customer service ect. They treat their customers like they dont matter and care little about their user experience. The larger problem is that so many of these companies in the crypto space have the mentality of milk the cow until its dry then leave. Perhaps this is why we have to go to a new altcoin exchange every year. In the long run they might make more money if they had invested into their site rather than cut corners.

Customer service in general in the whole space is abysmal and the only real solution is to hire more people. Bots arent going to help the majority of people and even if they did relay the right information, most of the people asking for help wouldnt understand it. With something that can be as complicated to understand for many as crypto, the queues for getting a response are only going to get bigger. This space continues to grow so to think that you can survive without hiring more people is ludicrous. 

-Calaber24p
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@charismatics ·
Your Right My Friend
Up Vo Te Me
πŸ‘  , ,
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@rambeesbd ·
I pray that your career will continue to increase, as the new year falls.
πŸ‘  
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@misbahkhan ·
I pray that your career will continue to increase @calaber24p
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@rothberg ·
Only the strongest will survive whether it’s exchanges, crypto... If the exchanges refuse to invest in quality they will not survive. Quick profit is only temporary and has nothing to do with future. 
Thanks for the info!
Resteemed!
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@stephanation ·
I wholeheartedly agree with you! Quality is key and worth the investment to stay running efficiently and proficiently!
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@nabeelsharjil ·
@ calaber24p yeah of course buddy you explained very well about crypto customer prblm ,i am making my account on bittrex but they r refusing me.
but one thing ill said about their method of sending money is just #AWESOME. 
keep it up.

i just followed you to see your more articles like this in the #Future

#BIG #LOVE #FROM #PAK.
Cheers :)
have a great day Dear :)

THANK YOU
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@dedicatedguy ·
It’s just a matter of time until they fix issues like this. 

Crypto explode in popularity last year, so it’s still a fairly new industry. 

Eventually there could be a customer service even better than the one in regular banks.
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@scalextrix ·
Wow, lets hope it better than banks ;)
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@toddoto ·
Thanks for sharing. It saddens me that when all is said and done, most of the exchange companies are in it for the money. Which I think is hypocritical, to say the very least. A short term win is all they're after, but it's not sustainable. 

How long must we wait until they learn they need to invest heavily into customer support, and more-so, the customer experience. It didn't take Jeff Bezos very long. 

Solving customer problems should be every companies number one growth driver. I have also heard good things about Gemini 

Steem On
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@naeemahmedd ·
very helpful article thanks for shere @calaber24p
πŸ‘  
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@kaysar07 ·
Thank you for sharing this important issue among us and this is an important thing
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@emjoe ·
You're right @calaber24p. I once had issues that needed attention with cryptopia exchange. Instead of getting answers to my request, I was referred to a pool of similar questions to go pick the answer myself.
I felt defeated at that response. Imagine finding same question amid hundreds + similar ones.
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@lukebrn ·
Interesting.. I did notice that some Of The bigger exchanges are hiring a lot lately, but I agree that long waits are increasing by the day. The solution is to keep hiring and make sure that they create a better level of customer support. I might do a post covering how many exchanges are regularly updating their customer service levels if the problem persists.
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@moemanmoesly ·
This has been a problem i have encountered numerous times now; it is a bit wild west so to speak, i hope things will improve and soon.
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@jspots ·
It seems like growing pains from the massive influx of new users, and in a technical space there are likely many questions and confusions. Crypto job boards do seem to be focusing on customer service, however, which looks like a sign for improvement.
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@marktoole ·
Definitely a problem, but I'd be careful assuming that just 'hiring more people' is the solution.

After running customer service for James Altucher's newsletter business and seeing how other  companies in the space handle customer service, I can tell you it's a lot more  complex than just hiring more people.

Who you hire, how good they are, how they're treated, and how much they care is MUCH more important than how many of them there are. My team handled thousands of daily emails and calls for Altucher with only 3 people.

Similarly, how those people are managed, what tools they have, and WHAT they're doing (and not doing) goes a very long way. Conventional customer service reacts, often poorly, to problems. Much better, I found, to anticipate and prevent problems before they happen.

It's pure 80/20.

Sadly many businesses would rather just take quick profits. Especially in the crypto space, however, there's no excuse for this level of (non)service. What I'm talking about isn't (necessarily) expensive, and crypto businesses are making more than enough profit to cover doing it right.

I'm new to Steemit, but this is something I plan on writing about again here in much more detail. 

Failing at customer service is hardly unique to the crypto world, but especially in crypto, it is also easy enough to do right (or pay someone to do it right) that they're no excuse for the current state of things.
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