In 2022, 1627 people took part in the survey conducted by Cryplogger. As promised, we share the results and talk about the investment portfolios of readers, their attitude to mining, staking and other industry segments.
Portrait of a reader
The majority of respondents are men aged 26–35 living in Russia.
Only 8.4% of survey participants were women (last year it was 6.6%). A quarter of the audience lives in Ukraine (25.1%).
Almost half (48.4%) of respondents rated their income level as average, 24.1% – low, 23.6% – above average.
19.8% of readers are involved in the blockchain and cryptocurrency business, 18.2% plan to do so. 21% of respondents are entrepreneurs in another area.
Only 5.5% learned about cryptocurrencies in the early years of their existence. The majority (34.2%) of readers were introduced to the industry during the 2017-2019 bull market, slightly less (24.8%) during the 2014-2016 bear market.
Another 21.7% learned about digital assets in the last three years, when bitcoin hit an all-time high and then more than quadrupled in price.
Reader Portfolio
The majority (33.7%) of respondents bought or received cryptocurrency for the first time in 2017-2019. Almost a third (31%) in 2020-2021, another 13.9% in 2022.
Among the readers who responded, only 27.2% noted the portfolio return in the outgoing year.
Bitcoin and Ethereum remain the most popular cryptocurrencies, followed by Binance Coin (BNB).
Mostly Cryplogger readers use digital assets for long-term investment. More than a third are engaged in trading.
Anonymity
Most respondents do not use privacy-focused cryptocurrencies (84.6%) or mixers (96.3%) to conduct transactions.
Mining and staking
Among the survey participants, 11.8% are mining cryptocurrencies, the majority (72.1%) have never been miners.
Nearly half (46.1%) of respondents are involved in staking.
NFTs
Less than a third (29.5%) of Cryplogger readers own NFTs. The majority (56%) do not have non-fungible tokens and do not plan to buy them.
The most popular NFT marketplace remains OpenSea (20.3%), followed by Binance NFT (9%).
DeFi
The majority (34.9%) of respondents invested in the DeFi sector in 2022. Another 27.1% plan to do so in the future.
The most popular services among the magazine’s readers were PancakeSwap (21.3%) and Uniswap (18.7%).
Only 7.2% of respondents participate in the management of the DAO, but another 24.4% plan to do so.
The most popular DAOs among readers were Polkadot (2.7%), Uniswap (1.8%) and BitDAO (1.2%).
Trading
Most Cryplogger readers trade cryptocurrencies. 35.7% of the total number of respondents called it a profitable occupation.
More than 40% of respondents prefer centralized platforms to decentralized ones, another 19.7% combine types of platforms for trading.
The undisputed leader among centralized exchanges among respondents was Binance (63.9%). In second and third places are Bybit (19.9%) and Huobi (13.9%), respectively.
More than two thirds (71.2%) do not trade cryptocurrency derivatives, another 22.9% prefer futures.
Almost a third (29.1%) of those surveyed use leverage.
Wallets
The most popular wallets were MetaMask (49.8%) and Trust Wallet (43.8%).
More than two-thirds (68.4%) of respondents do not use hardware wallets. In general, Cryplogger readers prefer Ledger.
Collapses and hacks
Only 7.9% of users reported losing funds as a result of hacker attacks. About 18% lost money due to the collapse of Terra.
Only 2.5% lost assets as a result of CeFi platform bankruptcies.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
In 2022, 1627 people took part in the survey conducted by Cryplogger. As promised, we share the results and talk about the investment portfolios of readers, their attitude to mining, staking and other industry segments.
Portrait of a reader
The majority of respondents are men aged 26–35 living in Russia.
Only 8.4% of survey participants were women (last year it was 6.6%). A quarter of the audience lives in Ukraine (25.1%).
Almost half (48.4%) of respondents rated their income level as average, 24.1% – low, 23.6% – above average.
19.8% of readers are involved in the blockchain and cryptocurrency business, 18.2% plan to do so. 21% of respondents are entrepreneurs in another area.
Only 5.5% learned about cryptocurrencies in the early years of their existence. The majority (34.2%) of readers were introduced to the industry during the 2017-2019 bull market, slightly less (24.8%) during the 2014-2016 bear market.
Another 21.7% learned about digital assets in the last three years, when bitcoin hit an all-time high and then more than quadrupled in price.
Reader Portfolio
The majority (33.7%) of respondents bought or received cryptocurrency for the first time in 2017-2019. Almost a third (31%) in 2020-2021, another 13.9% in 2022.
Among the readers who responded, only 27.2% noted the portfolio return in the outgoing year.
Bitcoin and Ethereum remain the most popular cryptocurrencies, followed by Binance Coin (BNB).
Mostly Cryplogger readers use digital assets for long-term investment. More than a third are engaged in trading.
Anonymity
Most respondents do not use privacy-focused cryptocurrencies (84.6%) or mixers (96.3%) to conduct transactions.
Mining and staking
Among the survey participants, 11.8% are mining cryptocurrencies, the majority (72.1%) have never been miners.
Nearly half (46.1%) of respondents are involved in staking.
NFTs
Less than a third (29.5%) of Cryplogger readers own NFTs. The majority (56%) do not have non-fungible tokens and do not plan to buy them.
The most popular NFT marketplace remains OpenSea (20.3%), followed by Binance NFT (9%).
DeFi
The majority (34.9%) of respondents invested in the DeFi sector in 2022. Another 27.1% plan to do so in the future.
The most popular services among the magazine’s readers were PancakeSwap (21.3%) and Uniswap (18.7%).
Only 7.2% of respondents participate in the management of the DAO, but another 24.4% plan to do so.
The most popular DAOs among readers were Polkadot (2.7%), Uniswap (1.8%) and BitDAO (1.2%).
Trading
Most Cryplogger readers trade cryptocurrencies. 35.7% of the total number of respondents called it a profitable occupation.
More than 40% of respondents prefer centralized platforms to decentralized ones, another 19.7% combine types of platforms for trading.
The undisputed leader among centralized exchanges among respondents was Binance (63.9%). In second and third places are Bybit (19.9%) and Huobi (13.9%), respectively.
More than two thirds (71.2%) do not trade cryptocurrency derivatives, another 22.9% prefer futures.
Almost a third (29.1%) of those surveyed use leverage.
Wallets
The most popular wallets were MetaMask (49.8%) and Trust Wallet (43.8%).
More than two-thirds (68.4%) of respondents do not use hardware wallets. In general, Cryplogger readers prefer Ledger.
Collapses and hacks
Only 7.9% of users reported losing funds as a result of hacker attacks. About 18% lost money due to the collapse of Terra.
Only 2.5% lost assets as a result of CeFi platform bankruptcies.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
