Cryptocurrency users statistics

[davis196]

I have doubts that this article is correct. How they analyzed it. I do not think that the top stock exchanges so easily give such user data.

Nope,they don't.Their user data is most likely exaggerated a lot.No crypto exchange is going to reveal how small it's user count actually is.

[coolcoinz]

Cryptocurrency users statistics:
The experts of the marketing agency BDCenter from Belarus analysed the work of the 30 most popular cryptocurrency exchanges in the world.
See more: https://www.xmlgold.eu/en/news/article/782/cryptocurrency-users-statistics/

I just read the article and realised that the top users are also from the world economic or political powers such as the US, China and Russia. This is also due to the level of awareness and technological advancement which the citizens have taken advantage of too. You won't expect people from poorer countries to have easy access to such information and technology.

Statistically, Bitcoin users are dominated by users in developed countries, this is because people in developed countries have high access to information and technology. Infrastructure is a benchmark for determining how many users access Bitcoin. Poor countries really don't access Bitcoin too much, this is because infrastructure is still limited because crypto access really requires internet networks and computer devices such as smartphones and various other sophisticated hardware.

I'd say it's a mix of education and wealth. Investing won't be popular in countries that fail at one of the below:
-the average income per capita is low
-the average IQ is low

It's a simple fact that some people are trying to deny, but there's a reason why Africa or the Middle East will never be crypto trading powerhouses.

[yusupjatigumilar]

Users of crypto currencies are dominated by developed countries, where in general they already have a high level of economy and knowledge of investment ... but now there are also many users from developing countries who choose to invest in crypto currencies and the amount is increasing this increase may be due to the ease of getting information with the internet. In the article I also saw some big exchanges that traders often use to sell / buy crypto currencies they have.

[shoreno]

I also think we can't know the exact number of people who are on crypto, because 1 people can have more wallets

Thats true . every people uses alot of wallets in different kinds . the only way to know the actual number of users in the crypto scene is by doing an actual survey ( locally/offline )  but i believe that the crypto users are now over millions close to billions because most countries these days are now legalizing the use of cryptos   . in the future its expected that there will be more people that will use cryptos  . more countries will also unban cryptos because cryptos are the future of money  .

[burenka]

That post dated 2018-12-10 21:36

Is there any new data on related topic - some actual statistics?

[metalglowd]

Crypto currency is increasing in the world and the statistics shows that bitcoin uses is high and now they are not using much it is clear from the exchanges that volume of bitcoin is affected by the price fall and if the demand rise then we will be able to use our crypto.

Even the cryptocurrency is keep on increase but the price is not we can't really use our cryptocurrency because we will tend to hold than to use it. Increase the users of bitcoin will really end up with high demand but it seems the price is keep on falling which is not good. I hope the number of people who use bitcoin will lead the price to increase.

So with your statement, it can be concluded that what we really need is not only the number of people who like crypto, but also when will the interest in crypto persist, the price falls because of them (temporarily not interested / in need of funds) to sell the assets. It become so hard while ourselves fight with our need.

[Aptekary]

I very much hope that in the near future the situation for the entire cryptocurrency market will improve and the cryptocurrency will take a really good position in the world.  I think it is not for nothing that the finance ministers of the leading countries of the world gather a consultation to discuss the cryptocurrency and the problems of the cryptocurrency market.  Based on this, the issue has already been announced on the agenda of the G-20, where where not only legalization issues speak, but also real problems associated with cryptocurrency.

[Wellyan]

Of course the statistics are relative. And not everything can be accurate, but an interesting fact - almost every exchange has its own coin. It is not difficult to guess that the owners of this coin are very rich people. At each rise of the market it can be sold in huge batches.

Cryptocurrency investment certainly requires enormous confidence and patience because it is already a risk in investing with crypto currencies and because prices cannot be ascertained

[Uhde]

i always though that china has been dominating the marker by its crowd in the ecosystem. but USA and Russia have more users according to this research. By the way very interesting research thank you for sharing.

[Thanasis]

Of course the statistics are relative. And not everything can be accurate, but an interesting fact - almost every exchange has its own coin. It is not difficult to guess that the owners of this coin are very rich people. At each rise of the market it can be sold in huge batches.

Cryptocurrency investment certainly requires enormous confidence and patience because it is already a risk in investing with crypto currencies and because prices cannot be ascertained

Investment is equals to risk and the level of risk based on ROI percentage of our investments.

When an investment has three or four digit ROI per year then the holding risk also supposed to be very high right.

[congresowoman]

" In the USA, the average age of traders is 30 years, in China – from 20 to 30 years, in Russia – from 18 to 40 years."

so surprised to see that Russia bagged the youngest as well as the oldest in users statistics. This only goes to show that the user population is very young-- proving to be risk takers and dynamic individuals. I wonder how many female are into cryptocurrency.

[batang_bitcoin]

That statistics says that there's more crypto people living in USA but after pulling out the support of these exchanges from their user living there. They should start creating a new statistics and show on what's the percentage currently after the said event and announcement from Binance and other popular exchanges. The data is kind of 6 months old so I think a lot of things happened already. What we know from China and Russia, those countries aren't crypto friendly.

[MonaLeeTracy]

I have doubts that this article is correct. How they analyzed it. I do not think that the top stock exchanges so easily give such user data.

in my opinion it is only an analysis for certainty that no one can know for sure and that makes the risk of investing with crypto currencies and we must have confidence and patience in investing

[MadeinCoin]

Users of crypto currencies are dominated by developed countries, where in general they already have a high level of economy and knowledge of investment ... but now there are also many users from developing countries who choose to invest in crypto currencies and the amount is increasing this increase may be due to the ease of getting information with the internet. In the article I also saw some big exchanges that traders often use to sell / buy crypto currencies they have.

Now what I'm surprised is why the Swiss or Japanese countries that openly support crypto are not included in the analysis nominations even though both countries are developed countries. In fact, China has strict regulations on crypto and the US that have strict tax regulations on exchanges.
And in the article it was written that Huobi is the most expensive exchange with list fees, whereas according to binance and bittrex trust levels is the most popular and trusted exchange of traders and investors.

[MinMan]

Cryptocurrency users statistics:
The experts of the marketing agency BDCenter from Belarus analysed the work of the 30 most popular cryptocurrency exchanges in the world.
See more: https://www.xmlgold.eu/en/news/article/782/cryptocurrency-users-statistics/

Even without being told, if you ask me I'm still going to mention those three countries as the people that makes the most use of cryptocurrency, cause those countries are the ones that usually adopt things like this quickly. Though at first I used to think that most people who make use of Bitcoin lives in China and not US, But they mentioned that USA has up to 30% of Bitcoin users while China has 15%. I'm guessing it was caused by the Chinese government banning cryptocurrency, so that would have caused a lot of people to stop making use of it, and that's if there is even anyone making use of it there.

[guoyu78]

Users of crypto currencies are dominated by developed countries, where in general they already have a high level of economy and knowledge of investment ... but now there are also many users from developing countries who choose to invest in crypto currencies and the amount is increasing this increase may be due to the ease of getting information with the internet. In the article I also saw some big exchanges that traders often use to sell / buy crypto currencies they have.

Now what I'm surprised is why the Swiss or Japanese countries that openly support crypto are not included in the analysis nominations even though both countries are developed countries. In fact, China has strict regulations on crypto and the US that have strict tax regulations on exchanges.
And in the article it was written that Huobi is the most expensive exchange with list fees, whereas according to binance and bittrex trust levels is the most popular and trusted exchange of traders and investors.

You have to first consider the time that the op released such information which I think it has been like 6 months ago now, and I am sure there would have been an update already because recently, I saw an article where they listed Japan and Swiss with other 12 countries that are fully in support of cryptocurrency, while there are other ones that are partially in support has they do not participate in crypto or declare it illegal.

Binance is the most popular and no doubt about that, but I was also surprised to know of recent that huobi is the most expensive when it comes to listing of projects, I learnt that the highest listing fee they have is about 3 million dollars while Binance is like 1 million dollars.

[muhhentuhhen]

It is strange that in USA where I heard cryptocurrency is prohibited - an indicator of 30%. Russia is understandable there are no prohibitions and 15% is quite possible.

No, cryptocurrency is not prohibited in the United States. They are "fighting" for the crypto taxes laws simply. In the USA, as in many countries, there is still no full-fledged legal regulation of cryptocurrencies. The latest regulatory act was issued in 2014 and defines them as property, not currencies. Because of this, even many experts find it difficult to understand the intricacies of taxing transactions with them.

[wxxyrqa]

As far as we know, some states have their own laws regarding cryptocurrency and its legalization.  Since today the United States is fighting crime and terrorism, they are looking for sources of income for attackers.  That is why the government wants to see the sources of income of each person and what financial flows exist in the state in order to prevent the financing of crime.

[iv4n]

This statistic is unchanged for years, most traders comes from US, then Russia and China. Some statistics I have seen had Europe, India, Australia, and South America on their list.
How many people are involved with crypto? 5% of the world population? Maybe little less or little more than that? This only shows how small we are now, but we worth a lot already. What will happen when we reach 20% or much more?

[sana54210]

It is strange that in USA where I heard cryptocurrency is prohibited - an indicator of 30%. Russia is understandable there are no prohibitions and 15% is quite possible.

Forget all those media that is carrying negative rumor that are not true, yes the government might not fully be in support of bitcoin, but they have not really made any law or rule that will be against cryptocurrency other than the one president trump came to declare openly that he does not like bitcoin, and that was his own personal opinion which everyone is entitled to, bitcoin is being used very well in United Stated and it is still the first country where I would see that cryptocurrency atm is even mounted.

Currently, we have many countries that are even beginning to reverse their decision to go against bitcoin, and many of them are now implementing the system which they have been engaging the services of their professional to look deep into area where they can gain from the cryptocurrency house.