Market Musings

Revealed: What the Typical Crypto Owner Looks Like — and What They Own

Published on:
January 28, 2021

Crypto users tend to be male, in their mid-30s and university educated, the Binance report suggests.

Revealed: What the Typical Crypto Owner Looks Like — and What They Own

Table of Contents

Binance has released a new study that delivers a compelling snapshot of how the crypto industry is looking in 2021.


According to its new report, 52% of crypto owners consider digital assets as a source of income — and for 15% of users, it’s their primary source of income.


The survey of 61,000 people in 178 countries and regions revealed that 65% own Bitcoin — and the number of people who regret not buying crypto far outweighs those who feel they made a mistake by snapping up digital assets.


About 39% of all crypto purchased is HODLed and just 11% is used for payments, indicating that this asset class has a long way to go before it’s widely used as a medium of exchange.


Here’s an especially staggering statistic: 97% of those polled say that they have confidence in crypto.


The Binance survey also cast a spotlight on the typical crypto user. About 95% are male, and 41% of them have undergraduate degrees. They’re 34 years old on average, and earn about $25,000 a year.


Exchanges are the most popular place to store crypto — with 60% keeping their coins on these platforms. Cold wallets are used by just 26% of users.


Another interesting nugget of intelligence concerns Bitcoin maximalists — the people who have more than half of their invested wealth in crypto and solely own BTC. They’re 406% more likely to hold a PhD, and are 179% more likely to earn more than $90,000 a year.

(Disclaimer: CoinMarketCap is owned by Binance.)


Subscribe To Our Newsletter!

Check out all the day’s top stories in the CoinMarketCap newsletter. Sign up here.


Decentralized Dog

I'm just your average dog... Only decentralized; also... I'm not your average dog.

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!

Email submitted!
Oops! Something went wrong while submitting the form.

Related Articles