Singapore’s cryptocurrency traders have gotten extra cautious about the place they commerce.
A brand new survey by MoneyHero and Coinbase
$1.86B
exhibits that the majority select dependable exchanges as a substitute of the most affordable ones.
The survey included 3,513 folks, each traders and people interested in crypto. About 61% of finance-minded respondents stated they personal some type of cryptocurrency.
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When deciding which alternate to make use of, belief is the most important issue. Buyers are paying extra consideration to guidelines, security, and long-term safety relatively than simply low charges.
Many traders take a affected person strategy. Round 58% take into account 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 whole 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% stated they plan to take a position inside the subsequent yr.
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.
On the subject of studying about crypto, most individuals flip to social media as their fundamental supply of knowledge. 62% stated they depend on it to be taught concerning the subject.
Confidence in understanding crypto is evenly cut up. 48% stated they really feel assured about their information, whereas 52% are not sure.
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