April 30, 2024

11% of young US residents have invested in cryptocurrency

11% of young US residents have invested in cryptocurrency

In the United States, as in other countries around the world, the number of citizens purchasing digital currencies continues to grow. And the mosta high proportion of crypto investors are young people under the age of 35.

CNBC channel together with Momentivesurveyed young Americans and found that 11% of them invested in bitcoin and other coins part of their capital received in the form of aid from the state during the coronavirus pandemic.

The study involved 5530 people, whose age does not exceed 34 years. Experts have recorded the growing interest of Americans in innovative tools.

More than half of the respondents admitted that theypart of the funds received from the authorities were invested in various assets. 15% of them chose stocks. 9% and 6% of survey participants invested in mutual funds and exchange-traded ETFs.

60% of those who opted for a cryptocurrency stated that they are committed to long-term storage of such an asset. 21% are waiting for a convenient moment to profitably sell previously purchased coins.

We will remind, for the first time, the US authorities issued citizens on$ 1200 last April. Then the state continued to provide such assistance to people. By paying out cash, it supported consumer demand and spurred an accelerated economic recovery.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services— futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

11% of young US residents have invested in cryptocurrency

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