[2015-10-22] A brief look at bitcoin wallet statistics

[BitcoinXio]

The bitcoin wallet space has been infused with hundreds of millions of venture capital dollars creating a very competitive space alongside bitcoin exchanges, where there is certainly some overlap between the two creating “hybrid” services. This article takes a look at all the different bitcoin wallets on the market and looks at different metrics of wallet stats. Read Article: http://bitcoinx.io/news/articles/a-brief-look-at-bitcoin-wallet-statistics/

[RustyNomad]

Very interesting figures even though they might not be hundred percent accurate.

Seems like its between Coinbase and Blockchain.info for the top spot. One that surprised me was MultiBit, never knew there were so many MultiBit users and or that it had so many wallets in use out there.

Wonder why Electrum is absent from those stats, must be one of the ones who did not provide any data. Would be interesting to see how many wallets they have out there.

[BitcoinXio]

Very interesting figures even though they might not be hundred percent accurate.

Seems like its between Coinbase and Blockchain.info for the top spot. One that surprised me was MultiBit, never knew there were so many MultiBit users and or that it had so many wallets in use out there.

Wonder why Electrum is absent from those stats, must be one of the ones who did not provide any data. Would be interesting to see how many wallets they have out there.

Thanks, yes Multibit stats are probably even higher than what is documented since I went with the bottom-value that I knew as fact that they actually have. If I had to guess, it's close to double now, certainly upwards of 2.5mm user downloads I would say. But that is just speculation. I talked to Multibit and they changed their privacy policy and no longer publish stats unfortunately.

I talked to Electrum too, and they didn't publish any stats, and I couldn't find any publicly available stats online, so they were left off the list. However, they are probably the most popular wallet on the market. It's too bad, because I would love to have shared what their number of user downloads are.

[OmegaStarScream]

Those statistics dosen't make a lot of sense if you ask me . I never heard of this Schildbach on my life and seems like they have shitload of users , in the other hand Electrum is not even there and I'm pretty sure that they have more users then Multibit , much more .
and for what comes to Blockchain.info & Coinbase , it's not because they have great features or anything ... for Coinbase it's because they are an exchange so people store their money there basically . and for Blockchain.info it's simply because it's online and because it's one of the first wallets out there . Cuz we even see new online wallets created but people don't really switch , simply not because of the features but because they are used to it .

[PolarPoint]

Where is Core and Electrum on those stats? What is the point in releasing these wallet market share stats when the results are obviously inaccurate!

[Kprawn]

Something that jumped out at me, is the presence of Xapo in most of the top spots in those statistics. I think much of that has to do with faucets and also the instant

off-chain payments that can be done, with a Xapo wallet. The market has spoken, but the providers are not listening. 

Whilst people are fighting over block sizes these 3rd parties have accommodated for some of these needs and on-chain transaction with delayed confirmation time, has been

bypassed. Not the ideal solution, but better than what we have in the protocol now. 

[PolarPoint]

Something that jumped out at me, is the presence of Xapo in most of the top spots in those statistics. I think much of that has to do with faucets and also the instant off-chain payments that can be done, with a Xapo wallet.

Xapo charges no transaction fee. That is very appealing for newbies to receive dust from faucets. I opened a xapo account just for that reason. Apart from not owning my own addresses, I like it.

[gentlemand]

It would be nice to see some figures about verified accounts at the major exchanges and services like Coinbase and Circle. That might get some way to getting an idea of proper numbers. Most of these can be counted as a forgotten download or sticking in some details and walking away.