In 2019 over 40m cryptocurrency wallets have been created - page 2.

bitvalex-exchange

newbie

Activity: 2

Merit: 0

Unfortunately, it is impossible to know the real number of users behind this figure and researchers define crypto users in a different way. Is it only active crypto traders or also hodlers etc.? We have tried to make some reasonable calculation and we think that the total number of crypto users (meaning that these people at some point had something to do cryptos) across the globe is around 65-70mln people, which is almost 1% of the world population.

This is also an interesting read about the crypto penetration rate. They calculate the total number to be around 42mln people, like half a percent of the population>> https://www.chappuishalder.com/wp-content/uploads/2019/06/Publication_Crypto-traders-06-2019.pdf

One thing is clear... it is still a baby industry but there is huge growth potential and it is quite interesting to be at the forefront of innovation.

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

https://bitvalex.com - Buy and Sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash with EUR and USD

samcrypto

sr. member

Activity: 2002

Merit: 314

Vave.com - Crypto Casino

Quote from: meanwords on October 29, 2019, 02:54:30 AM

This is not news though. Everyone can create multiple wallets and they they can just leave it forever. Take a look at exchange and third paty wallets, you can see that they have have multiple wallets that isn't even needed. 40m wallets doesn't mean 40m are using Bitcoin right now so I don't find this statistic exciting.

I have created 10 wallets but I don't use them all now.

That's true, not all created wallets are being used for real transactions some are just created for some reason. I do also have many bitcoin wallet because I don't feel the security of having one bitcoin wallet only but this kind of numbers is still impressive with cryptomarket. If those volume are being used and actively participating in the market, it can be a good news and hopefully can affect the price of many coins.

GideonGono

hero member

Activity: 1988

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

Quote from: BlackFor3st on October 29, 2019, 08:27:30 PM

Quote from: hoaryal1 on October 27, 2019, 02:10:37 PM

More than 40 million cryptocurrency wallets have been created, as of mid-2019, according to market data provider Statista. The report from Statista revealed that there were only around 8 million digital asset wallets in 2016.

The latest numbers from Statista’s report are quite staggering when you consider they’re based on the growth of a single crypto wallet provider, Blockchain.com.

The London-based wallet provider offers one of the most widely-used wallet clients which includes support for Bitcoin (BTC), Ether (ETH), Stellar (XLM), Paxos Standard Token (PAX), and Bitcoin Cash (BCH).

Full article

I wonder if the creation of more wallets was because of wider adoption or because they know that 2019 is the right time to buy crypto currencies as the price is very affordable and they can easily gain more profits once the market will start to be alive again.

I have used blockchain.com but lately I transfer to our local exchange as I can easily convert my funds to my local currencies. It will be best also if it was included in the article if from what country has the most wallets created in mid-2019 so we can see which of the countries are adopting crypto currencies vastly.

It is not good to have a lot of wallet because they wasting they time from creating on it. It is like a disposable project where they try to be success but it's not easily by 40 million kind of wallet?

It will be good if there are some country who do at least once per country who can help to withdraw the money easily.

The3max

full member

Activity: 317

Merit: 100

https://leasehold.io/

Wow, this is an incredible number. However, the number of safe and widely used cryptocurrency wallets is only about 1%. Most of us use web wallets, it is more convenient for transactions and conversions.

BlackFor3st

hero member

Activity: 1932

Merit: 506

Betking.io - Best Bitcoin Casino

Quote from: hoaryal1 on October 27, 2019, 02:10:37 PM

More than 40 million cryptocurrency wallets have been created, as of mid-2019, according to market data provider Statista. The report from Statista revealed that there were only around 8 million digital asset wallets in 2016.

The latest numbers from Statista’s report are quite staggering when you consider they’re based on the growth of a single crypto wallet provider, Blockchain.com.

The London-based wallet provider offers one of the most widely-used wallet clients which includes support for Bitcoin (BTC), Ether (ETH), Stellar (XLM), Paxos Standard Token (PAX), and Bitcoin Cash (BCH).

Full article

I wonder if the creation of more wallets was because of wider adoption or because they know that 2019 is the right time to buy crypto currencies as the price is very affordable and they can easily gain more profits once the market will start to be alive again.

I have used blockchain.com but lately I transfer to our local exchange as I can easily convert my funds to my local currencies. It will be best also if it was included in the article if from what country has the most wallets created in mid-2019 so we can see which of the countries are adopting crypto currencies vastly.

kooboat

member

Activity: 235

Merit: 10

BountyMarketCap

Creating wallets is one of the easiest things to do online. For more wallets to be created is just an indicator of how the popularity of cryptocurrencies have grown in recent times. More wallets may not necessarily mean that corresponding people have newly joined the world of cryptocurrencies since a single individual can create more than one wallet.

mazdafunsun

full member

Activity: 490

Merit: 123

This is a impressive number but to understand the significance of this information, we would need more detailed and objective information.
I bet that most of those addresses are made by blockchain services, where people just register but for some small bonuss or referrer fee not to use their addresses ever.

dul48

newbie

Activity: 29

Merit: 1

It's too much guys..

Hamphser

sr. member

Activity: 2436

Merit: 324

Quote from: hotmom on October 29, 2019, 05:55:09 AM

Next year, that figure will double, I'm sure.

I seriously doubt it considering that these people will create another wallet address unless those wallets private keys are being stolen in one of the centralised exchanges. That would alter the creation of new wallet and the number will increase again significantly. Although I am fully aware that a single person can create a multiple wallet if he/she wants to but this doesn't answer the fact of how many people are using cryptocurrency.

pwetto

newbie

Activity: 11

Merit: 0

A very important figure, which demonstrates the great growth that cryptocurrencies are having, every day more people are being integrated into the different projects, some are recycling accounts, however, that figure can be 100, 1000 or 10,000 times more in the coming years.

TGD

hero member

Activity: 1288

Merit: 620

Wen Rolex?

Quote from: meanwords on October 29, 2019, 02:54:30 AM

This is not news though. Everyone can create multiple wallets and they they can just leave it forever. Take a look at exchange and third paty wallets, you can see that they have have multiple wallets that isn't even needed. 40m wallets doesn't mean 40m are using Bitcoin right now so I don't find this statistic exciting.

I have created 10 wallets but I don't use them all now.

I remember creating different wallets before I start joining airdrop since I always forgot to save those key, Many can download or create wallet anytime but it doesn't mean it will came from one person so it should not be really a basis, even in mobile wallet download can't be a basis as many user have multiple cell phone or email to download it, adoption can be based on ATM or merchants accepting crypto.

hotmom

jr. member

Activity: 69

Merit: 2

Next year, that figure will double, I'm sure.

meanwords

full member

Activity: 1624

Merit: 163

This is not news though. Everyone can create multiple wallets and they they can just leave it forever. Take a look at exchange and third paty wallets, you can see that they have have multiple wallets that isn't even needed. 40m wallets doesn't mean 40m are using Bitcoin right now so I don't find this statistic exciting.

I have created 10 wallets but I don't use them all now.

Astvile

sr. member

Activity: 1484

Merit: 276

I'm glad I've read in that article that the number of wallets will not represent the total and exact amount of users online because there are some misleading articles/post I've seen before about wallets thing and the whole cryptocurrency user population.

Quote from: ChrisPop on October 27, 2019, 04:43:12 PM

Those statistics are astounding indeed. 5X more wallets in 3 years and let's be serious...most of the crypto users are not using web based wallets like the one blockchain.info provides. Most of the wallets are software wallets like Electrum, Armory, Bitpay, etc. Of course that web wallets are more convenient and maybe people who are not concerned about their security and feel safe to trust a third party with their funds would use them, but still.. I strongly believe that the vast majority of crypto wallets are not web-hosted.

True, most of them are using web-based or phone-based wallets because some of them really can't afford to invest on hardware wallets and instead of putting money to buy hardware wallets they just use those funds for investments.

diahsw

full member

Activity: 756

Merit: 105

that's a fantastic number, I think it's normal if that happens, considering that digital currency is currently very popular and even sought as material for a living, even in my opinion it could increase again to double it .. !!

Kyraishi

hero member

Activity: 952

Merit: 513

Quote from: Digitalbitcoin on October 28, 2019, 07:17:36 PM

It clearly indicates that major audience is moving towards crypto. Now if we focus on reasons behind it, then we can conclude that Bitcoin initially launched by the 2008 ending and get on board by Jan 2009. Since launching Bitcoin was always in discussion with its specifications, and its price. It takes 10 years to know people about Bitcoin and other altcoins(cryptocurrencies).

Now as in OP mentioned this year by 2019 over 40m crypto wallets created, these are clear indications of global acceptance and existence.

Surely it will still take time to dream comes true, but it will be futuristic currency and World have accepted it.

Depends what angle your going at hear, it definelty wasn't 10 years for a lot of the community to hear about bitcoin and other crypto-currencies, I know a lot of people in fact that have actually known about it for years.

I think, after those 10 years people are able to have a fair and unbiased opinion of bitcoin (with some exceptions obviously), and we've already seen how the media used to portray crypto-currencies and this has been a welcome change.

romero121

legendary

Activity: 3164

Merit: 1213

8 million wallets now 40 million wallet is a big increase. From 2016 to the mid of 2019 the signing up of wallets have increased five times. This is a big growth for blockchain.com wallet. Though they've added support for bitcoin cash, ethereum, pax and xrp these 40 million wallets weren't created by individuals. In terms of count this is fair, but when we calculate about the users it'll get round off at 20 million users. Even 20 million users is big for crypto market. This is a positive information portraying the growth of cryptocurrency network.

maxreish

sr. member

Activity: 1330

Merit: 326

Those 40 million crypto wallets, how many wallets do we really use and trust? Three? Four? Five? This just means creating millions of wallets doesn't mean they all been used. Majority of them weren't successful and closed down.

I read the article, i think it's some kind of shilling about a particular wallet. 42 million users of a certain wallet gives an optimistic view. But to tell you the truth, the mentioned statistics in the article seems lacking a further information.

chaoscoinz

sr. member

Activity: 1151

Merit: 260

☆Gaget-Pack☆

Nice, that means millions are aware of Cryptocurrency and possibly of its hidden potential. Those wallet numbers will only grow and to think that it's really been 10 long years since the birth of Bitcoin.
I think crypto has come a long way, too bad proper regulation could take a little while longer, but at least Congress is fully aware, especially since Zuckerberg presented his Libra platform to them, he caused quite a stir, even ruffling of a few feathers.

Digitalbitcoin

hero member

Activity: 1540

Merit: 502

It clearly indicates that major audience is moving towards crypto. Now if we focus on reasons behind it, then we can conclude that Bitcoin initially launched by the 2008 ending and get on board by Jan 2009. Since launching Bitcoin was always in discussion with its specifications, and its price. It takes 10 years to know people about Bitcoin and other altcoins(cryptocurrencies).

Now as in OP mentioned this year by 2019 over 40m crypto wallets created, these are clear indications of global acceptance and existence.

Surely it will still take time to dream comes true, but it will be futuristic currency and World have accepted it.

Topic: In 2019 over 40m cryptocurrency wallets have been created - page 2. (Read 637 times)