Cryptocurrency users statistics

[AjithBtc]

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.

the steps taken by the American government can be an example for other countries who are concerned with the anonymous nature of cryptocurrency. by tracing the source of funds, then crimes such as terrorism, money laundering, drugs can be overcome. if all countries are aware of this, then I think bitcoin users will continue to increase

Maybe in one way what America does seems to be right, but when it comes to finance there is a need for freedom. Governments should have a track record, but they doesn't want to bother about the source. No government has fulfilled its citizens with the basic needs of life. Whether it can be of the first world country or the third world country. Then why should they need to look upon the money flow.

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[xvids]

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.

Well people from poor countries are mostly late to get some infomation about something like this.
And most of the time they couldn't risk their money if their isn't too much info about it.
Most of the time they would just invest when it is already well known or being trusted by many people.

[Kemarit]

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.

They have been fighting crimes for more than a decade now and it's unfair for crypto to be a target. Although criminals are using bitcoin or crypto in general, governments are really hot on its tail so sooner or later they will crack those addresses and find the footprints of those people who are behind. But on the other hand, there are friendly governments around the world as well, who despite all the criticism on crypto, they learn to embrace it at any angle.

[bryant.coleman]

As per their research, Russia is having more users when compared to China, and this is a bit difficult to believe. Initially, Russia had one of the largest number of cryptocurrency users. But from 2014 onward, China started edging out Russia. IMO, the stats from the research may be biased, as it was conducted by an agency from the former USSR. They might have overstated the number of users from Russia.

Another thing is that they didn't took the European Union as a single entity. Had they done so, then Russia would have been #3 and China at #4, with EU overtaking them in user base. Anyway, they seems to be right about the average age of the users. Almost all of the cryptocurrency users are aged between 20 to 40, with only a few found among the 40+ age group.

[Findingnemo]

Based on what stats these data were given?

I read a thread where Germany contains most bitcoin nodes followed by USA which shows that more crypto users are coming from that region but we thought that China is having more miners and controlling the bitcoin.

[malevolent]

Based on what stats these data were given?

I read a thread where Germany contains most bitcoin nodes followed by USA which shows that more crypto users are coming from that region but we thought that China is having more miners and controlling the bitcoin.

The number of nodes might not necessarily be correlated with the number of users in a given country, node country info is based on the IP address, and many nodes are hosted in international hosting companies' data centers.

[Chrystora123]

Well people from poor countries are mostly late to get some infomation about something like this.
And most of the time they couldn't risk their money if their isn't too much info about it.
Most of the time they would just invest when it is already well known or being trusted by many people.

For now, I think the spread of information around the world is evenly distributed only the technology spread is not yet equitable. as long as these poor countries are connected to the internet, I think they receive the same information as developed countries.


source: https://hackernoon.com/south-africa-tops-the-list-of-cryptocurrency-ownership-among-global-internet-users-bxazr30ti

[brightemo]

In this article actually not so much information

[Findingnemo]

Well people from poor countries are mostly late to get some infomation about something like this.
And most of the time they couldn't risk their money if their isn't too much info about it.
Most of the time they would just invest when it is already well known or being trusted by many people.

For now, I think the spread of information around the world is evenly distributed only the technology spread is not yet equitable. as long as these poor countries are connected to the internet, I think they receive the same information as developed countries.


source: https://hackernoon.com/south-africa-tops-the-list-of-cryptocurrency-ownership-among-global-internet-users-bxazr30ti

Actually people from the poor country using this to make some money against their fiat money because they knows that their country not having much restrictions and also perfect taxation system for the usage of cryptos.

[bitbunnny]

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.

And I think male domination is greater than 70% because honestly I still very rarely find female traders, 10 of my friends who joined crypto were only 1 who is woman, maybe it could be interpreted as only 10% of the number of women in crypto. and I'm not surprised if Russia and the USA are the most users because they are very welcome to technological developments such as crypto

That is true, men still dominate in crypto world but despite that I would say the number of women traders is bigger than represented. And I say that because I know that some women traders take male identity to be taken more seriously and to get trust easier.
Women need to be more encouraged to enter the crypto world.

[Vishnu.Reang]

Well people from poor countries are mostly late to get some infomation about something like this.
And most of the time they couldn't risk their money if their isn't too much info about it.
Most of the time they would just invest when it is already well known or being trusted by many people.

For now, I think the spread of information around the world is evenly distributed only the technology spread is not yet equitable. as long as these poor countries are connected to the internet, I think they receive the same information as developed countries.


source: https://hackernoon.com/south-africa-tops-the-list-of-cryptocurrency-ownership-among-global-internet-users-bxazr30ti

Lol.. this look quite ridiculous. Do you want to say that the Bitcoin adoption in the United States is lower than the world wide average? And even more ridiculous is the figure for Japan, which is regarded by many as the country with the maximum Bitcoin penetration. I don't know much about South Africa, but to say that countries like Nigeria and Ghana have more Bitcoin users (in %) compared to US and Japan is pure BS.

[imstillthebest]

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.

And I think male domination is greater than 70% because honestly I still very rarely find female traders, 10 of my friends who joined crypto were only 1 who is woman, maybe it could be interpreted as only 10% of the number of women in crypto. and I'm not surprised if Russia and the USA are the most users because they are very welcome to technological developments such as crypto

That is true, men still dominate in crypto world but despite that I would say the number of women traders is bigger than represented. And I say that because I know that some women traders take male identity to be taken more seriously and to get trust easier.
Women need to be more encouraged to enter the crypto world.

woah  really ? but what i thought trading sites now requires a kyc ?  did they also fake the kyc process ? females are always welcome trade because there is no rules that trading and crypto thing are only for men  . profiles are not also needed when trading so its not necesarily to create men profile  . anyway , crypto stats this year are now have grown alot before the op posted this link   .the op should update a new stats for this year

[malevolent]

Lol.. this look quite ridiculous. Do you want to say that the Bitcoin adoption in the United States is lower than the world wide average? And even more ridiculous is the figure for Japan, which is regarded by many as the country with the maximum Bitcoin penetration. I don't know much about South Africa, but to say that countries like Nigeria and Ghana have more Bitcoin users (in %) compared to US and Japan is pure BS.

Why are you surprised? There are more barriers to dealing with cryptocurrencies in the US than elsewhere. A lot of the countries higher up the list have citizens suffering from problems such as high inflation or capital controls so I'm not surprised they score higher. Another thing worth mentioning is the prevalence of various ponzi schemes based on cryptocurrencies in certain African countries.

[buwaytress]

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?

Statistics are only as useful as the parameters used to gather data are useful.

To me it doesn't matter much if the majority of trading volume happens outside my country. What matters is in my country, there is more than enough volume and demand to warrant me trading p2p in my currency... And that's exactly how it is for me.

And as you say, none of this numbers are really meaningful in the end if all we do with bitcoin is trade it and exchange it. One day, we really need to start looking into just how much we are using it for non speculative activity.

Spending it to buy things and pay for things and accepting it as payment. This is what will really propel use, value, demand.

[Twinkledoe]

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?

Statistics are only as useful as the parameters used to gather data are useful.

To me it doesn't matter much if the majority of trading volume happens outside my country. What matters is in my country, there is more than enough volume and demand to warrant me trading p2p in my currency... And that's exactly how it is for me.

And as you say, none of this numbers are really meaningful in the end if all we do with bitcoin is trade it and exchange it. One day, we really need to start looking into just how much we are using it for non speculative activity.

Spending it to buy things and pay for things and accepting it as payment. This is what will really propel use, value, demand.

Very well-said. But I guess we are already in that position, the real use case of crypto in the market other than trading and exchanging it. More and more shops or merchants or institutions are now accepting crypto payments. You can always read something that a new shop is now accepting btc payment. So we are already heading to that adoption that will increase the btc value as well as the demand in the market.

[Vishnu.Reang]

Lol.. this look quite ridiculous. Do you want to say that the Bitcoin adoption in the United States is lower than the world wide average? And even more ridiculous is the figure for Japan, which is regarded by many as the country with the maximum Bitcoin penetration. I don't know much about South Africa, but to say that countries like Nigeria and Ghana have more Bitcoin users (in %) compared to US and Japan is pure BS.

Why are you surprised? There are more barriers to dealing with cryptocurrencies in the US than elsewhere. A lot of the countries higher up the list have citizens suffering from problems such as high inflation or capital controls so I'm not surprised they score higher. Another thing worth mentioning is the prevalence of various ponzi schemes based on cryptocurrencies in certain African countries.

I am not sure about the United States, but there are hundreds of Bitcoin exchanges based there and I believe that it is quite easy for the Americans to purchase Bitcoin. Anyway, for now we can ignore the US. What about Japan? Don't tell me that it is easier to purchase Bitcoins in Ghana (which doesn't have a single Bitcoin exchange) than doing so in Japan.

[ajaymukund]

I am really quite curious about the listing fee of Huobi Global. Why is their listing fee so high, 3.5 times higher than binance while Binance's community is bigger and more influential?

[malevolent]

I am not sure about the United States, but there are hundreds of Bitcoin exchanges based there and I believe that it is quite easy for the Americans to purchase Bitcoin. Anyway, for now we can ignore the US. What about Japan? Don't tell me that it is easier to purchase Bitcoins in Ghana (which doesn't have a single Bitcoin exchange) than doing so in Japan.

Not sure about Ghana <-> Japan comparison, but there aren't 'hundreds of Bitcoin exchanges'. The US has several of the big ones there, but that's it, the barrier of entry is too high.

[muhhentuhhen]

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?

Officially, statistics showed that in 2018 there were 35 million people, who use cryptocurrencies. I am more than sure that now, this number is doubled. Most of them come from the USA, and what is really curious, from China and Russia, where crypto users meet difficulties.

Men are almost three times more likely to own cryptocurrencies than women. The survey also showed that millennials (people born after 1981) show a high interest in cryptocurrencies.