about eight in 10 the russians Thinking bitcoin (btc) is the “most trusted” cryptoasset in circulation. And nearly a third said they’ve used cryptocurrencies “at least once.”
These were the results of a survey conducted by Russian crypto exchange Bitbanker and researcher Kapli Survey, and reported by Kommersant And VC, The parties spoke to 1,500 people over the age of 18 “from all regions of Russia”.
While 78% said BTC was a trustworthy token, 36% said they also believed Tether (USDT). and 35% said they thought so too Ethereum (ETH) Was reliable
While 29% of respondents said they used cryptocurrency “at least once,” a majority (51%) of this group said their main reason for buying crypto was to protect their savings. Most of the remaining said that they hope to earn money through crypto trading.
But nearly a third of those with crypto-related experience said they had used tokens as a remittance tool to “send money to other people.”
Surprisingly, perhaps, 26% said they used crypto to “pay for goods and services” – although the use of crypto as a payment instrument is outlawed in Russia.
Are bitcoin-curious Russians becoming more crypto literate?
There are indications that among the class of Russians who use crypto, many appear to be advanced users. “The majority of respondents indicated that they use multiple wallets,” the researchers said. And 14% of the group said they kept their coins in cold storage — rather than in an exchange wallet.
While the vast majority said their crypto holdings were relatively modest, nearly 10% said they owned between $7,000 and $14,000 worth of the coin. And 2.3% said their crypto holdings were worth more than $14,000.
Earlier this month, a Russian government minister said that domestic crypto miners are now being monitored by electricity providers – and forced to pay industrial rates for energy, Bill proposing legalization of industrial mining sector may be must still be adopted before the end of the year,
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