2021 Global Crypto User Index: Key Insights From Binance Research

Binance just published 2021 Global Crypto User Index – a global survey on 61,000 crypto user around the world showing data on their motivations, behaviors and preferences.

Here are some of the main takeaways:

Crypto user demographics

• 95% of users were male
• 41% are qualified with at least an undergraduate degreee

Reason for buying crypto

• 52% consider crypto as a means of income
• 48% consider crypto investing as a hobby
• 38% own crypto because they distrust the current financial system
• 39% of cryptos are just bought and then HODL’ed
• Only 3% of users regretted buying crypto

Portfolio

• BTC is held by 66% of users who own any crypto (30% of which allocate only 1-20% to BTC)
• 35% of users held no BTC in their portfolio (and only 2% were 100% in BTC only)
• BNB and ETH were the other popular coins held at 57% and 56% respectively
• DeFi is most popular in Southeast Asia, where over 52% of users are using dApps
• 78% of users would rather use bank coins instead of stablecoins

Crypto storage

• 60% of users keep their crypto on exchanges
• 26% store in cold wallets
• 11% store in hot wallets
• 3% other

You can view the full report here.