In 2019 over 40m cryptocurrency wallets have been created

[TGD]

This is not news though. Everyone can create multiple wallets and they they can just leave it forever. Take a look at exchange and third paty wallets, you can see that they have have multiple wallets that isn't even needed. 40m wallets doesn't mean 40m are using Bitcoin right now so I don't find this statistic exciting.

I have created 10 wallets but I don't use them all now.

I remember creating different wallets before I start joining airdrop since I always forgot to save those key, Many can download or create wallet anytime but it doesn't mean it will came from one person so it should not be really a basis, even in mobile wallet download can't be a basis as many user have multiple cell phone or email to download it, adoption can be based on ATM or merchants accepting crypto.

[pwetto]

A very important figure, which demonstrates the great growth that cryptocurrencies are having, every day more people are being integrated into the different projects, some are recycling accounts, however, that figure can be 100, 1000 or 10,000 times more in the coming years.

[Hamphser]

Next year, that figure will double, I'm sure.

I seriously doubt it considering that these people will create another wallet address unless those wallets private keys are being stolen in one of the centralised exchanges. That would alter the creation of new wallet and the number will increase again significantly. Although I am fully aware that a single person can create a multiple wallet if he/she wants to but this doesn't answer the fact of how many people are using cryptocurrency.

[dul48]

It's too much guys..

[mazdafunsun]

This is a impressive number but to understand the significance of this information, we would need more detailed and objective information.
I bet that most of those addresses are made by blockchain services, where people just register but for some small bonuss or referrer fee not to use their addresses ever.

[kooboat]

Creating wallets is one of the easiest things to do online. For more wallets to be created is just an indicator of how the popularity of cryptocurrencies have grown in recent times. More wallets may not necessarily mean that corresponding people have newly joined the world of cryptocurrencies since a single individual can create more than one wallet.

[BlackFor3st]

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).

Full article

I wonder if the creation of more wallets was because of wider adoption or because they know that 2019 is the right time to buy crypto currencies as the price is very affordable and they can easily gain more profits once the market will start to be alive again.

I have used blockchain.com but lately I transfer to our local exchange as I can easily convert my funds to my local currencies. It will be best also if it was included in the article if from what country has the most wallets created in mid-2019 so we can see which of the countries are adopting crypto currencies vastly.

[The3max]

Wow, this is an incredible number. However, the number of safe and widely used cryptocurrency wallets is only about 1%. Most of us use web wallets, it is more convenient for transactions and conversions.

[GideonGono]

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).

Full article

I wonder if the creation of more wallets was because of wider adoption or because they know that 2019 is the right time to buy crypto currencies as the price is very affordable and they can easily gain more profits once the market will start to be alive again.

I have used blockchain.com but lately I transfer to our local exchange as I can easily convert my funds to my local currencies. It will be best also if it was included in the article if from what country has the most wallets created in mid-2019 so we can see which of the countries are adopting crypto currencies vastly.

It is not good to have a lot of wallet because they wasting they time from creating on it. It is like a disposable project where they try to be success but it's not easily by 40 million kind of wallet?

It will be good if there are some country who do at least once per country who can help to withdraw the money easily.

[samcrypto]

This is not news though. Everyone can create multiple wallets and they they can just leave it forever. Take a look at exchange and third paty wallets, you can see that they have have multiple wallets that isn't even needed. 40m wallets doesn't mean 40m are using Bitcoin right now so I don't find this statistic exciting.

I have created 10 wallets but I don't use them all now.

That's true, not all created wallets are being used for real transactions some are just created for some reason. I do also have many bitcoin wallet because I don't feel the security of having one bitcoin wallet only but this kind of numbers is still impressive with cryptomarket. If those volume are being used and actively participating in the market, it can be a good news and hopefully can affect the price of many coins.

[bitvalex-exchange]

Unfortunately, it is impossible to know the real number of users behind this figure and researchers define crypto users in a different way. Is it only active crypto traders or also hodlers etc.? We have tried to make some reasonable calculation and we think that the total number of crypto users (meaning that these people at some point had something to do cryptos) across the globe is around 65-70mln people, which is almost 1% of the world population.

This is also an interesting read about the crypto penetration rate. They calculate the total number to be around 42mln people, like half a percent of the population>> https://www.chappuishalder.com/wp-content/uploads/2019/06/Publication_Crypto-traders-06-2019.pdf

One thing is clear... it is still a baby industry but there is huge growth potential and it is quite interesting to be at the forefront of innovation.

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[Pakar11220]

Dear , Its good news to see but remember these are actually nor all the individual users who have created these accounts but probability is more that single person has created multiple accounts. But even if single person has multiple accounts but according to some survey number of wallet creation in such big number means user of crypto currency is increased quickly in this year and that will be double or triple in coming in time as world is now getting interesting more in crypto currency.

[Leonardo7]

Is this a particular wallet provider or general wallet combined? If this is all wallets by users then the figure will be wrong I know my country would have created more than 2M this year alone because of the massive education of blockchain going on in campuses and media.

[Beparanf]

Is this a particular wallet provider or general wallet combined? If this is all wallets by users then the figure will be wrong I know my country would have created more than 2M this year alone because of the massive education of blockchain going on in campuses and media.

It's not all wallet, there are only names of wallet mentioned in the article, however if even half of it were really using it and doing some transactions then it can be consider as a good adoption. If there are more ways to conduct the tally of possible user in the world not just by wallets then it can attract more individuals to be amazed how late they are in this crypto craze which consider more effective than the usual transactions.

[elisabetheva]

It is also surprising that so many wallet forms have been formed, but it can also be concluded that most wallets are made only temporarily to accommodate the tokens that were made, but subsequently are not used anymore. so naturally there will be a lot but what is really needed is only a few.

[qiman]

This is very promising indeed, although I think many are exchange wallets as more and more people are trying to trade with margin to get more Bitcoin and also collect other major altcoins. I see also many of the unbanked coming in and mining coins and converting them slowly to Bitcoin to amass some wealth for themselves and their families. More and more people are learning and being empowered by the Blockchain technology that Bitcoin has unleashed and it will help create many many more wallets in the future coming years a more young people enter this niche market.

[jootn2kx]

That does not really say much, as anyone can create as many wallets as they wish. Most people on this forum probably have more than one wallet, which shows how imprecise such data can be.

[Palider]

That does not really say much, as anyone can create as many wallets as they wish. Most people on this forum probably have more than one wallet, which shows how imprecise such data can be.

2016 crypto currency is just beginning to be recognized around the world,

2017 was the year when it was reported on television, radio and on social media websites.

2017,2018 and 2019 adoption so many new users have contributed to the rise of 40 million wallets recorded by Statista, but as I read the article I found that they only looked at three wallet providers, (correct me if im wrong) and imagined there were only three of the wallets how about the other wallets.

[airdnasxela]

It's a big change and improvement to bitcoin for the past 10 years but we still need to go further to reach our aim which is mass adoption. Yes it is not accurate but this also matters because it shows how big bitcoin changes over time. Even without this statistics, we all know that bitcoin is continuously growing.

Another year will come for bitcoin and let's expect more positive happenings and more wallets to come!

[Dreamr]

This is awesome, it shows that cryptocurrency users are growing exponentially from all over the world. Seems like more people are now joining the cryptocurrency ecosystem. The best thing was in 2016 there were only 8 million wallets and by mid-2019 that number reaches up to 40 million, wonderful!