Singapore’s cryptocurrency buyers have gotten extra cautious about the place they commerce.
A brand new survey by MoneyHero and Coinbase
$1.65B
reveals that the majority select dependable exchanges as an alternative of the most cost effective ones.
The survey included 3,513 individuals, each buyers and people interested in crypto. About 61% of finance-minded respondents mentioned they personal some type of cryptocurrency.
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When deciding which change to make use of, belief is the largest issue. Traders are paying extra consideration to guidelines, security, and long-term safety relatively than simply low charges.
Many buyers take a affected person strategy. Round 58% think about themselves long-term holders, and 42% have stored their crypto for greater than two years.
Most hold crypto investments small, lower than 10% of their complete belongings, and usually maintain round three totally different tokens.
There may be nonetheless potential for development. Amongst those that don’t but personal crypto, 27% mentioned they plan to speculate throughout the subsequent 12 months.
Views on what crypto represents are blended. About 44% see it as an funding, whereas 29% see it primarily as a method to speculate on costs.
With regards to studying about crypto, most individuals flip to social media as their foremost supply of data. 62% mentioned they depend on it to be taught in regards to the matter.
Confidence in understanding crypto is evenly cut up. 48% mentioned they really feel assured about their information, whereas 52% are not sure.
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