In 2019 over 40m cryptocurrency wallets have been created

[hoaryal1]

More than 40 million cryptocurrency wallets have been created, as of mid-2019, according to market data provider Statista. The report from Statista revealed that there were only around 8 million digital asset wallets in 2016.

The latest numbers from Statista’s report are quite staggering when you consider they’re based on the growth of a single crypto wallet provider, Blockchain.com.

The London-based wallet provider offers one of the most widely-used wallet clients which includes support for Bitcoin (BTC), Ether (ETH), Stellar (XLM), Paxos Standard Token (PAX), and Bitcoin Cash (BCH).

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[milewilda]

On topic reply about those increasing numbers,yeah its good to look at but doesnt mean those are real users considering that multiple wallets can be created by a single person.

Next one which this post is just simply a side advertisement of https://www.coin.space/ ? lol

[Harlot]

On topic reply about those increasing numbers,yeah its good to look at but doesnt mean those are real users considering that multiple wallets can be created by a single person.

Next one which this post is just simply a side advertisement of https://www.coin.space/ ? lol

Yeah the article pointed out that as well and these numbers cannot represent the total number of users in the industry, considering the fact that anyone can own multiple wallets and create multiple accounts this cannot simply translate into the demand or growth in the industry. What's more interesting to see is to actually see the use of cryptocurrencies in our everyday lives this is where the point that we will see cryptocurrencies in general are growing in our world. The volume of wallets created cannot show any important things about growth, it simply just a number of wallets we don't even know what number of them are active or not.

[ChrisPop]

Those statistics are astounding indeed. 5X more wallets in 3 years and let's be serious...most of the crypto users are not using web based wallets like the one blockchain.info provides. Most of the wallets are software wallets like Electrum, Armory, Bitpay, etc. Of course that web wallets are more convenient and maybe people who are not concerned about their security and feel safe to trust a third party with their funds would use them, but still.. I strongly believe that the vast majority of crypto wallets are not web-hosted.

[khaled0111]

From 8 milions in 2016 to 40 milions this year is not really a big change at least not what most crypto enthusiasts expect (taking in consideration the 2017 bull run).
Moreover, I think it is a bad indicator. After all these years and people are still using web wallets!
It would be Interesting to see how many users use hardware wallet and how many use desktop wallets.

[Bitcoin_bullish]

A better indicator would be mobile wallets. This is the major factor to consider instead of some random browser numbers that can be created by bot scripts.

[boltz]

Good article but I doubt they gather all the data regarding this subject. Anyway , its good to see that more and more people are coming into crypto space as this mean the adoption is working and slowly rising. We must also take in consideration that there are a lot of multiple wallets of the same user but still the number is quite big vs 2017 or other years so I'm expecting a double in numbers in 2020 in creating of wallets and the numbers will increase from year to year. Adoption works , I'm happy!

[rodel caling]

Oh wow meaning crypto currency continue to become interesting and devs and investor knows they a positive thinking creating new wallet is profitable as business, but becarefull do not before.

On topic reply about those increasing numbers,yeah its good to look at but doesnt mean those are real users considering that multiple wallets can be created by a single person.

Next one which this post is just simply a side advertisement of https://www.coin.space/ ? lol

Yeah sir is very obvious op simply to advertisement posting into the link he share, an interesting if 40m wallet are all exist in the market and patronage by the users or holders.

[Pearls Before Swine]

Not sure this data really means anything.  I can't even begin to tell you how many wallets I've downloaded since getting into crypto, but it has to be a few dozen with all the bitcoin and altcoin ones I've tried out for both my PC and smartphone.  It isn't as if the 40 million figure represents individual downloaders of wallets.

A better indicator would be mobile wallets. This is the major factor to consider instead of some random browser numbers that can be created by bot scripts.

That's true, though all the numbers can be skewed in some way, plus it's questionable as to what the significance is with them anyway.

[hello_good_sir]

This is only 40 million wallets based on a single service, correct? Are the statistics per person, or can someone have a Bitcoin, Ethereum and Stellar wallet and it would be counted as a 3 different wallets?

Interesting statistics, I'm taking it with a grain of salt though, I don't think it actually reflects 40 million new crypto users, probably something more like 20 million - still huge though, especially since it's not even the biggest mainstream wallet provider (Coinbase probably is).

A better indicator would be mobile wallets. This is the major factor to consider instead of some random browser numbers that can be created by bot scripts.

They have a blockchain app, don't they? Are stats for how many downloads on that specific wallet available? From checking the wallet stats on google play, it only looks like it has 5 million + downloads. 

[7788bitcoin]

More than 40 million cryptocurrency wallets have been created, as of mid-2019, according to market data provider Statista. The report from Statista revealed that there were only around 8 million digital asset wallets in 2016.

There is no argument or doubt that there are more people in the market than what it was three years back and there will be more investors coming into the market every year but the problem here is that you cannot evaluate things just by looking at the amount of wallets created, coinbase can release the amount of registered users but some company released the data about the number of wallets created .

The latest numbers from Statista’s report are quite staggering when you consider they’re based on the growth of a single crypto wallet provider, Blockchain.com.

Some companies will be using their API and you can create as many wallets as you want and it is free so that does not make any sense to evaluate things because of the wallets created.

[Fappanu]

On topic reply about those increasing numbers,yeah its good to look at but doesnt mean those are real users considering that multiple wallets can be created by a single person.

Next one which this post is just simply a side advertisement of https://www.coin.space/ ? lol

Yes there is a tendency that other wallets are made by the same person but that number is still large compared to 8 million then. Because just like before they can create multiple bitcoin addresses, and why not? Bitcoin wallets would have been huge by then if people had made many wallets. And I think the number of crypto currecy users has increased dramatically since the bull run of 2017 to date.

[btc_angela]

But there's no correlation if those 40 million new wallets are own but just one person or 40 million. So I don't think it is a good indication of the supposedly mass adoption, isn't it? So it doesn't mean anything at all, individuals can make many wallets every day and most likely those wallet are not going to be used anyways.

[LTU_btc]

As I understand, this article talks only about wallets created on Blockchain.com, right? And total number of wallets is pretty much meaningless stats. 40 millions is big number, but it doesn't say anything. I have no idea how many Bitcoin addresses I have generated in 2019, but it's not small number. Some people prefer to generate new address for each transaction. And we are speaking just about single service - it doesn't give general view about increasing number of crypto users, it only shows that Blockchain.com grow up significantly since 2016.

[tsaroz]

Even though they could be multiple wallet of single person, made specifically to claim that stellar airdrop, we could still see there's a large growth of people knowing and using bitcoins.
Personally I have helped a dozen of people about bitcoins and altcoins. I now have a larger local circle of friends who trade and deals in bitcoins. Most of them are still suspicious about its future but they are using it in one form or other.

[Shasha80]

I am very surprised to know that more than 40 million cryptocurrecy wallets have been created until 2019. The 40 million figure is
a very large number considering that before in 2016 there were only 8 million digital assets wallets. But this does not signify a
significant addition of users, considering that someone can make a lot of wallets. Even so, this is a separate achievement for wallet
provider blockchain.com because of its very significant development. But even though it is not pure users who have increased by
40 million but at least the minimum user has increased by around 30% of 40 million wallets have been created. That is also not a
small amount that has increased by around 30%, I estimate, with this I'm more optimistic that cryptocurrency is more and more using.
And can easily influence the price of cryptocurrency so can keep going up too.

[blckhawk]

Good to hear but not that surprising. Holders of bitcoin are most likely having multiple wallets to further manage their holdings. And having said that it's 3 years before, which is 2016, the 2017 bull run is the greatest factor to the sudden increase in bitcoin wallets. People are just FOMO and straight out want to buy Bitcoin at that time. However, after that, I don't think there's much new wallets generated. Still a nice news to hear though.

[ashmodeus]

well , see this words :
"Blockchain.com has registered a five-fold increase in its wallet users in just the past three years.

As of September 25, 2019, the company’s user count has reached more than 42 million."

42 million,just from 1 company, firstly , i think is a huge prestation. but , wait , since they have a XLM giveaway on this year , i guess its will be a normal thing.
so i just think an increase in the number of wallets created,its doesn't mean people like to crypto have incrased too. since that can be cheating , i mean that giveaway.

[Ailmand]

This is an interesting data, but the number of wallet that have been created doesn't necessarily represent the number of users since a single person can have or create multiple numbers of wallet. But still this is a huge increase of numbers of wallet that has been created in just a year, it still show a significant increase of the number of people who are involved in crypto.

[Wintersoldier]

But there's no correlation if those 40 million new wallets are own but just one person or 40 million. So I don't think it is a good indication of the supposedly mass adoption, isn't it? So it doesn't mean anything at all, individuals can make many wallets every day and most likely those wallet are not going to be used anyways.

Even if people will create duplicate wallets, 40 million is too big to consider not a huge market adoption. We can see that from 8Million and jumps up to 40Million shows an exponential growth of wallet creators, meaning to say, there's an emerging number of people who are entrusting their financial transaction to cryptocurrency. Lastly, individuals will not create wallets everyday since they haven't have any reason to do it.