Cryptocurrency Wallets Statistics


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Cryptocurrency Wallets Statistics 2023: Facts about Cryptocurrency Wallets outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Cryptocurrency Wallets, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

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Top Cryptocurrency Wallets Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 75 Cryptocurrency Wallets Statistics on this page 🙂

Cryptocurrency Wallets “Latest” Statistics

  • Until 2022, blockchain adoption will be modest, with just 10% or fewer enterprises using it.[1]
  • 35% of Europeans who participated in a study said they thought blockchain would affect the way they purchased.[1]
  • According to a survey by Indeed, employment opportunities in crypto, blockchain, and NFTs increased by 80.4% in India between April 2020 and April 2022.[2]
  • 29% of all American parents who are in their Millennials, according to a Harris Poll that USA Today released in August 2021, own cryptocurrencies.[3]
  • According to further information from a different poll, 78% of males who replied claimed to know about Bitcoin, compared to 71% of women.[3]
  • Financial experts have forecast that the value of the global blockchain industry will increase by 36.7 billion us dollars by 2025, with a compound annual growth rate CAGR of 68.34%.[3]
  • By the end of 2022, statistics from the cryptocurrency exchange Crypto.com predicts that 1 billion individuals will be using cryptocurrency exchanges, including Bitcoin and Ethereum.[3]
  • 80% of White respondents were more knowledgeable about Bitcoin than Hispanic respondents (66%).[3]
  • Early in 2021, the price of Bitcoin hit 60,000 before collapsing and losing over 40% of its value in a few weeks.[3]
  • According to the New York Digital Investment Organization, a Bitcoin affiliate of the 11 billion alternative asset management Stone Ridge.[3]
  • 24% of those individuals made stock market investments in June 2021.[3]
  • According to financial experts, the market for cryptocurrencies will reach 4.94 billion by 2030, with a CAGR of roughly 12.8%.[3]
  • In September 2020, prepaid gift cards accounted for nearly 26% of all payments made via BitPay, an Atlanta, Georgia-based Bitcoin payment service provider.[3]
  • The number of Americans who possess cryptocurrencies increased from over 7.95% in 2018 to 14.4% in 2019 and 23.16% in 2021.[3]
  • 70% of those polled yet said that they would consider purchasing cryptocurrencies or more of them if they could keep them in their bank accounts.[3]
  • According to statistics from a worldwide poll conducted by the deVere Group, one of the world’s biggest independent fintech and financial advice firms, 67% of the more than 700 millennials questioned thought that Bitcoin was a better safe haven asset than gold.[3]
  • According to statistics from a poll by the financial website Finder, Bitcoin is owned by 66.7% of cryptocurrency investors, while Dogecoin is held by 28.6% of investors, and Ethereum is held by 23.9%.[3]
  • More than 20% of those who had never purchased cryptocurrency in May 2021—roughly 50 million people—said they were likely to do so in the next year.[3]
  • The research demonstrates that while Millennials are the biggest generation of parents now living in America, they only hold roughly 5% of the country’s wealth.[3]
  • More than 80% of customers of financial advisors want to learn more about Bitcoin, even if more than one in five of their clients already hold it.[3]
  • However, investors believe that over the next ten years, greater widespread usage will drive a price rise of roughly 15% for Bitcoin.[3]
  • According to New York Digital Investment Group data, in 2021, around 46 million Americans, or 22% of the adult U.S. population, are Bitcoin owners.[3]
  • In a poll conducted in May 2021 of 2,000 American individuals of all ages, it was discovered that 51% of those who hold cryptocurrency did so during the previous 12 months.[3]
  • According to a study of 2,059 participants that finder commissioned, the number of Americans who possess Bitcoin has consistently increased over the last few years.[3]
  • According to 24% of poll respondents, one hurdle for novice investors is a lack of knowledge of how cryptocurrencies operate.[3]
  • 70% of deVere’s clientele over the age of 55 either intended to purchase such digital assets in 2021 or had already done so.[3]
  • Even if they already own real estate or watch the stock market, more than 106 million individuals worldwide are using cryptocurrencies as part of their investment plan after seeing how much money those account holders may amass.[3]
  • As of February 2021, 18.77% of all Bitcoin nodes were active and functioning in the United States.[4]
  • Only 15% of Bitcoin traders are women, exposing the stark gender disparity in cryptocurrency.[4]
  • Blockchain data show that 14% of the projects were either in production already or were about to start.[5]
  • According to blockchain data, their funding will total 350 million Euros or 425 million by 2022 to 2023.[5]
  • Statistics from cryptocurrency exchanges show that in the same year, its net profit was 322 million.[5]
  • Statistics on cryptocurrency security show that by March 2020, that number had climbed by almost 16 million.[5]
  • Statistics on cryptocurrencies show that Blockfi granted loans using Bitcoin as security while Bitpay facilitated Bitcoin payments worth 72 million.[5]
  • Statistics on Bitcoin use show that Peru had the biggest market share in south America in 2020, at 16%.[5]
  • Statistics on cryptocurrencies indicate that the launch took place in Shenzhen and included more than 3 million in digital currency.[5]
  • In terms of ownership and use, the West African nation ranked first with more than 30%, according to worldwide cryptocurrency data.[5]
  • From 2012 to 2020, Bitcoin increased by 193,639.36%; by 2026, the Bitcoin market will reach 1,087.7 million.[5]
  • According to cryptocurrency transaction data, 80% of the ICOs were fake.[5]
  • The top four cryptocurrencies—Ethereum, Bitcoin, Tether, XRP, and Litecoin—acquire at least 83% of the market.[5]
  • Genesis coin is the top device maker, accounting for 34.6% of the market, followed by General Bytes with 30%.[5]
  • Nearly 40% of users choose to keep their coins rather than sell them, while 11% of people use them to pay for products and services.[5]
  • A 2021 poll of more than 6,0000 users revealed that 97% of them have confidence in digital assets.[5]
  • According to statistics on cryptocurrency volume by nation, the U.S. accounted for 48% of all token sales in 2020.[5]
  • According to cryptocurrency analytics, it amounts to a BTC trade of roughly 34,000, or 3,017, with a gross margin of 46%.[5]
  • With the main goal of controlling the U.S. dollar, the Central Bank of China wants to assist this movement by 100%.[5]
  • According to research by blockchain intelligence firm Chainalysis, criminals laundered 8.6 billion worth of cryptocurrencies in 2021, an increase of 30% over the previous year.[6]
  • Approximately 91% of fraud complaints within this time period that used cryptocurrencies as the payment mechanism contained age information.[7]
  • In fraud complaints to the FTC from January 2021 to March 2022, Bitcoin was recognized as the payment mechanism for 24% of reported cash losses.[7]
  • Cryptocurrency was reported as having been used to pay for 39% of that total, followed by bank transfer or payment at 20% and wire transfer at 9%.[7]
  • The number of U.S. adults who possess at least one cryptocurrency will increase by 19% to 33.7 million by the end of 2022.[8]
  • Ethereum, the second largest currency, will have 13.1 million owners in the U.S. in 2022, up 26.8% from the previous year.[8]
  • The total amount of payments done using cryptocurrency will top $10 billion worldwide, increasing by more than 70% from 2021.[8]
  • Although exact user numbers for Bitcoin are unavailable, it is believed that between 2018 and 2020, the total number of cryptocurrency worldwide users climbed by almost 190%.[9]
  • The top three reasons for cryptocurrency investing are short-term trading (31%), mistrust of the present financial system (38%), and developing a long-term investment plan (55%).[10]
  • The global cryptocurrency industry is anticipated to expand at a CAGR of 56.4% from 2019 to 2025.[10]
  • Russia, where 11.91% of the population utilizes cryptocurrencies, is the second nation in terms of ownership.[10]
  • The majority of cryptocurrency users—65% —predict that the price of Bitcoin will reach $100,000 in the near future.[10]
  • As of 2021, 12.73% of the population of Ukraine owned Bitcoin, making it the top nation for cryptocurrency ownership.[10]
  • Venezuela, with 10.34% of the population owning cryptocurrency, is next. In Kenya, 8.52% of the population uses cryptocurrency, and in the United States, 8.31% of people hold cryptocurrency.[10]
  • Even though 65% of all cryptocurrency users possess at least some Bitcoin, it faces considerable competition in the modern market.[10]
  • 16% of Americans claim to have used, purchased, or exchanged cryptocurrencies.[10]
  • Through the KuCoin breach in 2020, more than 281 million dollars worth of Bitcoin had been taken; however, almost 80% of this has since been restored.[11]
  • Compared to gold, 67% of millennials see Bitcoin as a safe haven asset.[11]
  • In China, where almost 66% of energy is generated by coal power, 72% of Bitcoin mining takes place.[11]
  • Two hacker gangs were determined to be responsible for over 60% of all known crypto thefts totaling more than $1 billion.[11]
  • White respondents are more knowledgeable about Bitcoin than Hispanic and Black respondents (66% and 61%, respectively).[11]
  • According to Pew Research, approximately 16% of Americans utilize cryptocurrencies in some way.[11]
  • With 85.77% of Bitcoin community involvement coming from men, it seems that guys make up a disproportionate share of Bitcoin investors.[11]
  • The dominance of Bitcoin, the most widely used cryptocurrency, is around 39.9%.[11]
  • Over 60% of the total energy needed by Bitcoin miners worldwide originates from nonrenewable sources.[11]
  • Bitcoin payments exceeded 120 million in 2020, accounting for a modest but a rising portion of all digital payments.[11]
  • Men have a somewhat greater degree of awareness than women, with 78% of poll participants admitting knowledge of Bitcoin.[11]
  • Hacks and scams connected to decentralized finance accounted for 50% of all Bitcoin thefts in 2020.[11]
  • Over 60% of the total energy needed by Bitcoin miners worldwide originates from nonrenewable sources.[11]

Also Read

How Useful is Cryptocurrency Wallets

One of the key benefits of cryptocurrency wallets is their security features. With the rising prevalence of cyber threats and hacking incidents, individuals are understandably concerned about the safety of their digital assets. Cryptocurrency wallets offer a more secure alternative to keeping assets on exchanges or other online platforms. Encrypted keys and multiple security layers help protect against unauthorized access and ensure that funds are kept safe and secure.

Additionally, cryptocurrency wallets provide users with control over their assets. Unlike traditional banking systems where users are at the mercy of banks and third-party institutions, cryptocurrency wallets give individuals full ownership and control over their digital wealth. Users can send and receive funds at their discretion, without having to rely on intermediaries to oversee transactions.

Moreover, cryptocurrency wallets allow for greater financial freedom and inclusivity. In today’s global economy, many individuals are unbanked or underbanked, lacking access to traditional banking services. Cryptocurrency wallets provide an alternative financial system that is accessible to anyone with an internet connection. This opens up new opportunities for financial inclusion and economic empowerment, particularly in regions where traditional banking services are limited or nonexistent.

Furthermore, cryptocurrency wallets offer enhanced privacy and anonymity. Traditional banking systems often require individuals to disclose personal information and undergo rigorous verification processes. Cryptocurrency wallets, on the other hand, allow users to remain anonymous while conducting transactions. This confidentiality is particularly valuable for individuals who prioritize privacy in their financial dealings.

Despite these benefits, however, cryptocurrency wallets are not without their limitations. One of the main concerns surrounding cryptocurrency wallets is the issue of user error. Unlike traditional banking systems where users can rely on customer support and reimbursement for unauthorized transactions, cryptocurrency transactions are irreversible. If a user sends funds to the wrong address or falls victim to a phishing scam, there is no recourse for reclaiming those assets.

Additionally, the decentralized nature of cryptocurrencies can make them susceptible to market volatility and price fluctuations. While this can present opportunities for investors to capitalize on market trends, it also poses risks for users who may see the value of their assets diminish suddenly and unexpectedly.

Overall, cryptocurrency wallets offer a range of benefits such as security, control, financial inclusion, privacy, and anonymity. They provide users with a convenient and efficient way to manage their digital assets, while also promoting financial autonomy and empowerment. However, users should exercise caution and educate themselves on best practices to mitigate the risks associated with cryptocurrency transactions. With proper safeguards in place, cryptocurrency wallets can be a valuable tool for navigating the digital economy of the future.

Reference

  1. buybitcoinworldwide – https://buybitcoinworldwide.com/blockchain-statistics/
  2. indiatimes – https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-wallets-some-facts-to-keep-your-funds-safe/articleshow/90724033.cms
  3. explodingtopics – https://explodingtopics.com/blog/blockchain-stats
  4. financesonline – https://financesonline.com/number-of-blockchain-wallet-users/
  5. techjury – https://techjury.net/blog/cryptocurrency-statistics/
  6. bbc – https://www.bbc.com/news/technology-60072195
  7. ftc – https://www.ftc.gov/news-events/data-visualizations/data-spotlight/2022/06/reports-show-scammers-cashing-crypto-craze
  8. insiderintelligence – https://www.insiderintelligence.com/insights/us-adults-cryptocurrency-ownership-stats/
  9. statista – https://www.statista.com/statistics/647374/worldwide-blockchain-wallet-users/
  10. zippia – https://www.zippia.com/advice/cryptocurrency-statistics/
  11. youngandtheinvested – https://youngandtheinvested.com/cryptocurrency-statistics/

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