71% of Russians will continue to buy cryptocurrency in 2021

Binance, the leading cryptocurrency exchange by trading volume and number of users in the world, introducedresults of a survey of users in Russia and the CIS.

According to the survey, 38% of surveyed usersBinance bought cryptocurrency in 2020 due to the rise in the value of bitcoin and other coins, with one in four users purchasing digital money due to distrust of the traditional financial system. In addition, according to Binance users, the COVID-19 pandemic has made a big contribution to the development of cryptocurrencies. This was reported by 61% of the respondents.

The main purpose of the survey was to independently andanonymous research of the main trends, forecasts and prospects of the cryptocurrency industry according to the users of the cryptocurrency exchange. The survey was conducted in January and February 2021. It was attended by 23,113 respondents from Russia, Ukraine, Kazakhstan and other CIS countries.

“All over the world, we see that the level of penetration of cryptocurrencies into the lives of ordinary people is ever higher, and interest in cryptocurrencies from corporate investors and large corporations does not fade away”, — noted the director of the Binance exchange in Russia and the CIS, Gleb Kostarev.

“The survey results are impressive and pleasantly surprising— the majority of respondents are confident that cryptocurrencies are necessary for economic development, and slightly less than half of the survey participants believe that cryptocurrencies will be able to take a strong place in the global financial system in the next five years.”

Key findings from the survey:

• The majority of respondents (77.5%) believe that cryptocurrencies are necessary for the development of the economy, and over half (61%) believe that the popularity of cryptocurrencies was influenced by the coronavirus pandemic.
• Over a third (38%) of those surveyed adhere to the HODL strategy, while almost the same number of Binance users (37%) use cryptocurrencies for active trading.
• To the question "Do you think cryptocurrency deposits will eventually replace bank deposits?" 58% of surveyed users gave an affirmative answer.
• 38% of surveyed Binance users boughtcryptocurrency in 2020 due to the rise in the cost of bitcoin and other coins, while every fourth user does not trust the traditional financial and economic systems, and for this reason he acquired cryptocurrencies.
• 46% of respondents consider cryptocurrency to be their hobby, and for 45% of respondents, cryptocurrency is an additional source of income;
• Bitcoin (BTC) is the dominant crypto asset owned by the surveyed Binance users. Ethereum (ETH) and Binance Coin (BNB) are also in the top three;
• For 71.5% of respondents, it is important to be able to pay for goods and services with cryptocurrency;
• 71% of respondents plan to continue buying cryptocurrencies in 2021;
• 40% do not use traditional investment opportunities (buying shares, investing in real estate, mutual funds).

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	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

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.
• 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.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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