In 2019 over 40m cryptocurrency wallets have been created - page 4.

Fappanu

sr. member

Activity: 1111

Merit: 255

Quote from: milewilda on October 27, 2019, 03:21:15 PM

On topic reply about those increasing numbers,yeah its good to look at but doesnt mean those are real users considering that multiple wallets can be created by a single person.

Next one which this post is just simply a side advertisement of https://www.coin.space/ ? lol

Yes there is a tendency that other wallets are made by the same person but that number is still large compared to 8 million then. Because just like before they can create multiple bitcoin addresses, and why not? Bitcoin wallets would have been huge by then if people had made many wallets. And I think the number of crypto currecy users has increased dramatically since the bull run of 2017 to date.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

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.

There is no argument or doubt that there are more people in the market than what it was three years back and there will be more investors coming into the market every year but the problem here is that you cannot evaluate things just by looking at the amount of wallets created, coinbase can release the amount of registered users but some company released the data about the number of wallets created .

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

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.

Some companies will be using their API and you can create as many wallets as you want and it is free so that does not make any sense to evaluate things because of the wallets created.

hello_good_sir

hero member

Activity: 1008

Merit: 531

This is only 40 million wallets based on a single service, correct? Are the statistics per person, or can someone have a Bitcoin, Ethereum and Stellar wallet and it would be counted as a 3 different wallets?

Interesting statistics, I'm taking it with a grain of salt though, I don't think it actually reflects 40 million new crypto users, probably something more like 20 million - still huge though, especially since it's not even the biggest mainstream wallet provider (Coinbase probably is).

Quote from: Bitcoin_bullish on October 27, 2019, 05:02:13 PM

A better indicator would be mobile wallets. This is the major factor to consider instead of some random browser numbers that can be created by bot scripts.

They have a blockchain app, don't they? Are stats for how many downloads on that specific wallet available? From checking the wallet stats on google play, it only looks like it has 5 million + downloads. Shocked

Pearls Before Swine

sr. member

Activity: 1190

Merit: 306

Not sure this data really means anything. I can't even begin to tell you how many wallets I've downloaded since getting into crypto, but it has to be a few dozen with all the bitcoin and altcoin ones I've tried out for both my PC and smartphone. It isn't as if the 40 million figure represents individual downloaders of wallets.

Quote from: Bitcoin_bullish on October 27, 2019, 05:02:13 PM

A better indicator would be mobile wallets. This is the major factor to consider instead of some random browser numbers that can be created by bot scripts.

That's true, though all the numbers can be skewed in some way, plus it's questionable as to what the significance is with them anyway.

rodel caling

full member

Activity: 952

Merit: 104

Oh wow meaning crypto currency continue to become interesting and devs and investor knows they a positive thinking creating new wallet is profitable as business, but becarefull do not before.

Quote from: milewilda on October 27, 2019, 03:21:15 PM

On topic reply about those increasing numbers,yeah its good to look at but doesnt mean those are real users considering that multiple wallets can be created by a single person.

Next one which this post is just simply a side advertisement of https://www.coin.space/ ? lol

Yeah sir is very obvious op simply to advertisement posting into the link he share, an interesting if 40m wallet are all exist in the market and patronage by the users or holders.

boltz

legendary

Activity: 3164

Merit: 1187

Good article but I doubt they gather all the data regarding this subject. Anyway , its good to see that more and more people are coming into crypto space as this mean the adoption is working and slowly rising. We must also take in consideration that there are a lot of multiple wallets of the same user but still the number is quite big vs 2017 or other years so I'm expecting a double in numbers in 2020 in creating of wallets and the numbers will increase from year to year. Adoption works , I'm happy!

Bitcoin_bullish

member

Activity: 211

Merit: 55

A better indicator would be mobile wallets. This is the major factor to consider instead of some random browser numbers that can be created by bot scripts.

khaled0111

legendary

Activity: 2520

Merit: 2853

Top Crypto Casino

From 8 milions in 2016 to 40 milions this year is not really a big change at least not what most crypto enthusiasts expect (taking in consideration the 2017 bull run).
Moreover, I think it is a bad indicator. After all these years and people are still using web wallets!
It would be Interesting to see how many users use hardware wallet and how many use desktop wallets.

ChrisPop

legendary

Activity: 2310

Merit: 1033

Not your Keys, Not your Bitcoins

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.

Harlot

hero member

Activity: 1806

Merit: 671

Quote from: milewilda on October 27, 2019, 03:21:15 PM

On topic reply about those increasing numbers,yeah its good to look at but doesnt mean those are real users considering that multiple wallets can be created by a single person.

Next one which this post is just simply a side advertisement of https://www.coin.space/ ? lol

Yeah the article pointed out that as well and these numbers cannot represent the total number of users in the industry, considering the fact that anyone can own multiple wallets and create multiple accounts this cannot simply translate into the demand or growth in the industry. What's more interesting to see is to actually see the use of cryptocurrencies in our everyday lives this is where the point that we will see cryptocurrencies in general are growing in our world. The volume of wallets created cannot show any important things about growth, it simply just a number of wallets we don't even know what number of them are active or not.

milewilda

legendary

Activity: 3094

Merit: 1127

On topic reply about those increasing numbers,yeah its good to look at but doesnt mean those are real users considering that multiple wallets can be created by a single person.

Next one which this post is just simply a side advertisement of https://www.coin.space/ ? lol

hoaryal1

member

Activity: 139

Merit: 20

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

Topic: In 2019 over 40m cryptocurrency wallets have been created - page 4. (Read 637 times)