THELOGICALINDIAN - Cryptocurrency is the capital antecedent of assets for 12 of Russian speaking crypto users according to a new analysis More than 90 of the respondents say they appetite to use agenda bill as a agency of acquittal and a division of those interviewed are already accomplishing that 40 of the participants appearance cryptos like bitcoin as a acceptable longterm advance They accept no intentions to advertise their crypto backing in the abreast approaching
Also read: Russians Owe 13% Tax on Their Crypto Incomes
40% of Russian Crypto Owners Are Hodling
The survey conducted amid Russian cryptocurrency owners begin that best of them accept started ambidextrous with cryptos in the aftermost brace of years. Nevertheless, 28% of the respondents accede themselves alive users, and 12% say cryptocurrency is their capital antecedent of income.
The crypto arcade belvedere Fatcats.market has interviewed 382 Russian speaking crypto users, whose average age is 27 years. Most of them are men – 93%. Women are alone 7%, while those beneath 18 years of age are 10%. The analysis has been conducted on Telegram channels from March 22 to April 2, 2018.
A ample majority of the respondents say they appetite to accumulate cryptocurrencies like bitcoin and use them for payments. 40% accept they are advance in altered cryptos. Mining is not that accepted anymore, with alone 14% actuality actively complex and 11% adage they are billow mining.
Another 40% of the crypto users anticipate cryptocurrency is as acceptable abiding investment. They are not planning to advertise their bill for authorization money in the abreast future. According to the authors of the study, the capital cessation is that Russians are accessible to use cryptocurrency both as an advance apparatus and as a agency of payment.
The ongoing analysis additionally begin that alone 8% of the participants are not accessible to buy appurtenances application cryptocurrency, while 20% alternate to pay for casework in crypto. That agency merchants affairs appurtenances for bitcoin are trusted added than account providers. 26% affirmation they accept already fabricated purchases with cryptocurrency.
When it comes to affairs goods, computers, smartphones, and added accessories are the best adopted items – 77%. 65% appetite to acquirement audio and video equipment, and 66% will be blessed to absorb their cryptos on airline tickets and traveling. About 60% are accessible to acquirement absolute acreage or a new car and 45% would buy food, furniture, or a fridge with bitcoin. Paying for freelance assignment is the best acceptable crypto spending for casework (68%).
Only 1% Think Cryptocurrency Is a Bubble
The organizers of the abstraction accept approved to barometer the accent of cryptocurrencies for Russian users. 28% of them anticipate that agenda bill are an absorbing allotment of the advice technology field. 26% accede them an added antecedent of income. 17% if the respondents say cryptos anatomy up to 30% of their advance portfolio. For addition 16%, basic money is an important income, and 12% say it forms a cogent allotment of both their assets and their investments (70% or more).
Only 1% of the interviewed anticipate cryptocurrency is a balloon that will burst. The abstracts additionally shows that the majority of the participants accept entered the crypto ecosphere almost recently. 80% accept done that amid 2024 and 2024. About 12% accept started application cryptocurrencies from 2024 to 2024. Less than 10% are not yet demography advantage of agenda money.
The majority of Russian crypto owners acquire bitcoin (55%) and ethereum (45%), Fatcats.market begin out. 11% of the respondents accept bitcoin banknote (BCH) in their wallets. Ripple (XRP), litecoin (LTC), and cardano (ADA) are additionally popular. 40% of the surveyed accept they own tokens from antecedent bread offerings (ICOs), proving cogent acknowledgment to crypto advance opportunities.
Most crypto owners (>43%) use the casework of crypto traders to catechumen their bill to authorization currency, followed by those who adopt cryptocurrency exchanges (>38%). Almost 18% of the respondents either use another methods or do not advertise their cryptos at all. Added than a division of the interviewed say the fees they usually pay are amid 2 and 5%. Half of them appraisal transaction times anywhere amid 1 and 60 minutes. The majority of Russian crypto users accede amount animation and complicated affairs as the capital obstacles to spending added cryptocurrency.
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Images address of Shutterstock, Fatcats.market.
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