Cryptocurrency around the globe 🌎

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Cryptocurrency around the globe 🌎

Cryptocurrency around the globe 🌎

After recent missconceptions about the worldwide crypto usage I summarized and collected some data for you guys. I hope you enjoy data as much as I do.

Demographics:

  • 79% male, 21% female
  • 58% are under 34 years old
  • 82% have a Bachelor's degree or higher
  • 36% have an income over 100K in USD

crypto ownership data

Country Number of crypto owners % of the population
Ukraine 5,565,881 12.73%
Russia 17,379,175 11.91%
Venezuela 2,941,502 10.34%
Kenya 4,580,760 8.52%
USA 27,491,810 8.31%
India 100,740,320 7.30%
South Africa 4,215,944 7.11%
Nigeria 13,016,341 6.31%
Colombia 3,122,449 6.14%
Vietnam 5,961,684 6.12%
Thailand 3,629,713 5.20%
United Kingdom 3,360,591 4.95%
Brazil 10,373,187 4.88%
Pakistan 9,051,827 4.10%
Philippines 4,360,579 3.98%
South Korea 1,942,933 3.79%
Australia 857,553 3.36%
France 2,179,654 3.34%
Netherlands 521,404 3.04%
Turkey 2,476,418 2.94%
Chile 500,125 2.62%
Germany 2,191,986 2.62%
Portugal 241,389 2.37%
El Salvador 125,873 1.94%

Ukraine

  • Ukrainians are open to cryptocurrencies
  • It is the birthplace of Bitfury, Hacken and Propy
  • Many developers are also from Ukraine
  • Last year they were considering using nuclear plants for crypto mining

Russia

  • Vitalik Buterin is Russian-Canadian you probably knew that
  • Crypto is the fifth most popular investment in Russia

Venezuela

  • Venezuelans similar to Ukrainians are very open to cryptocurrency
  • Peer to peer transactions are the most favored
  • Venezuela announced the "authorisation of decentralised stock exchange of Venezuela" (BDVE) it allows users the access to an exchange from anywhere in the world without restrictions, that's at least the Idea so far

Kenya

  • Kenya has the highest peer to peer crypto trading worldwide
  • Kenya is leading the African countries in terms of holding
  • Kenya is the top Bitcoin maximalist country (well, that's something)

USA

  • Largely young (tech savvy and wealthy) Americans invest in it
  • Highly educated Americans are more likely to own cryptocurrency
  • USA has the highest amount of traders on major exchanges like coinbase (60%) or binance (24%) and Bittrex (28%)
  • 46% of Americans use crypto already as payment options the rest only uses it for investment reasons

India

  • Crypto is a still a controversial topic in India still many Indians are open to the idea of crypto as an alternative way to store wealth
  • Many Indians working in global firms prefer to be paid in crypto over fiat
  • WazirX and CoinDCX are the biggest Indian exchanges

South Africa

  • About 17% of South African already had contact in some form with crypto currency
  • About 10% of it's internet users also use crypto

Nigeria

  • Nigeria leads Africas peer to peer lending
  • I am sure you heard about the Nigerian prince

Colombia

  • Colombia is ranked 4th on peer to peer bitcoin lending
  • Colombia had a major boost in 2020 due to new crypto exchanges and lending services
  • It also has the highest amount of BTC ATMs in Latin America

Vietnam

  • Vietnam is ranked second, for most on chain retail transactions worldwide
  • More than half of Vietnamese expressed interest in cryptocurrency

Thailand

  • Thailand is one of the first southeast Asian countries to enact cryptocurrency legislation
  • Since 2018 they have a more liberal stance towards crypto
  • About 10% of thai internet users own crypto

United Kingdom

  • 42% of Briton crypto users already use it as payment
  • The surveys had similar results as in the US the more educated the more likely it is that the person owns crypto
  • The overall interest is increasing

Brazil

  • Brazil leads South America in terms of crypto owners
  • About 92% of crypto users are male
  • 40% of the users are between 20 and 25 years old

Pakistan

  • The bitcoin market is very new to Pakistan, but it's fast growing
  • Recently a province announced to start their own mining farms

Philippines

  • Last year it's peer to peer trading volume reached record highs
  • According to a report it's one of the fastest adopting countries
  • Over half of Filipinos expressed interest in crypto
  • Pretty interesting is that wealthy Filipinos rather spend and send it than speculate with it

Chile

  • It's most popular exchange is Crypto MKT
  • Chile had its peak on peer to peer trading volume in September 2020

Germany

  • 71% of germans already heard about cryptocurrency
  • In Germany the education level has not such a high impact whether a person invests in crypto or not
  • Germany allows institutional funds to invest in crypto (2021)

El Salvador

  • First country to accept bitcoin as legal tender
  • Bitcoin mining with volcanic energy
  • No taxes for a btc/fiat swap

Source: here

other Articles: here

much love,

thelovetoy

Edit: added more countries due to community wishes hope you enjoy πŸ™‚

submitted by /u/thelovetoy
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