77% of investors in Russia consider cryptocurrencies to be promising

Cryptocurrencies are becoming increasingly popular among Russians, according to a new study.investors, clearly crowding out traditional investment products.

Russian Association of Forex Dealers (AFD),specializing in the foreign exchange market, surveyed 502 Russian investors to find out how they feel about cryptocurrencies. The poll, published on Aug 31, was conducted from Aug 4 to Aug 24, 2021.

In the course of the survey, almost 77% of respondents said thatcryptocurrencies - Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), are the most promising investments. Only 8.8% of respondents indicated that they view gold as the best investment, while 14% prefer familiar national currencies.

The survey also showed that only 23% of respondentsnever used digital currencies. In addition, in the near future, more than 77% are considering investing in cryptocurrency, and only 7.6% are strongly against this type of investment. The remaining 15% said they have not yet made a final decision on whether or not to turn to digital assets.

AFD head Evgeny Masharov said thatthe study clearly demonstrated that Russian investors view digital financial assets as an investment, and not just as a hyped product.

Last year's poll by the World Gold Councilshowed that cryptocurrencies, including bitcoin, are the fifth most popular investment tool in Russia after savings accounts, foreign exchange, real estate and life insurance.

Despite the fact that Russian investors are increasinglyplace bets on cryptocurrencies, the country's central bank continues to maintain a tough stance on them. In June, the Chairman of the Bank of Russia Elvira Nabiullina called cryptocurrency one of the most dangerous investment instruments that exist at the moment.

Skeptical about private cryptocurrency, the central bank has focused on developing the digital ruble, which will begin testing in 2022.

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.

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