Top 10 Countries Where Most People Own Cryptocurrencies

Thailand

Thailand leads the list with 20.1% of its population owning cryptocurrencies. While the country is crypto-friendly, it has banned NFTs and meme coins. Additionally, a 15% capital gains tax on crypto trading profits is planned.

Nigeria

Nigeria ranks second with 19.4% of its population owning crypto. Despite limited internet access for much of its 206.1 million people, Nigerians use crypto to safeguard their savings against naira depreciation.

Filippijnen

The Philippines embraces crypto with 19.4% ownership. Unlike other countries like China and India that restrict crypto activities, the Philippines supports crypto through friendly regulations, boosting its fintech sector.

Zuid-Afrika

South Africa’s 19.4% ownership reflects its recognition of cryptocurrencies as taxable assets and investments. This contrasts with other African countries that discourage crypto transactions via commercial banks.

Turkije

Turkey has 18.6% of its population involved in cryptocurrency, driven by economic instability and significant devaluation of the Turkish lira. Many Turks see crypto as a hedge against financial uncertainty.

Argentinië

With 18.5% ownership, Argentina benefits from cheap electricity costs fueling crypto mining. While cryptos aren’t legal, they’re not prohibited, making the country a regional leader in adoption.

Indonesië

Indonesia reports 16.4% ownership, with $59.83 billion in crypto transactions in 2021. Although not recognized as legal tender, cryptos are accepted as assets for trading on exchanges.

Brazilië

Brazil has 16.1% ownership, with its population holding $50 billion worth of crypto as of 2021. Brazilians favor crypto to hedge against inflation and currency devaluation.

Singapore

Despite regulatory restrictions on marketing, 15.6% of Singapore’s population owns cryptocurrencies, reflecting high adoption in this financial hub.

Zuid-Korea

With 13.4% ownership, South Korea’s trendsetting culture embraces both locally developed cryptos and international options, making it a notable player in Asia’s crypto scene.

Countries Not in the Top 10

Surprisingly, several countries with favorable crypto regulations fall outside the top 10, including:

De Verenigde Staten

The U.S. has 12.7% ownership, influenced by a stable dollar and regulatory concerns. Despite this, its adoption rate is notable given its mature financial market.

Duitsland

With 9% ownership, Germany is expected to increase crypto adoption due to its robust economy and supportive policies.

Verenigd Koninkrijk

The U.K. stands at 8.3%, with regulation playing a key role in its moderate adoption rate.

Zweden

Sweden shares a similar 8.3% ownership rate, aligning with the U.K.’s crypto adoption trends.

Polen

At 5.5%, Poland is seeing rapid growth in crypto adoption, supported by emerging projects from the country.

Rusland

Surprisingly, only 2% of Russians own cryptocurrencies, despite the country’s significant technological resources and interest in blockchain technology.