Considering all of the potential value behind cryptocurrency assets, you can expect that there are quite a few crypto wallet statistics floating around.
Investors need a safe place to store their cryptocurrency, and digital wallets have been a trusted solution for years.
Although there’s more than one way to keep your crypto secure, hot crypto wallets saw a revenue share of 55% in 2022.
There are hot and cold crypto wallets.
Hot is pertaining to digital wallets, many of which can only be accessed on a specific device and an internet connection.
With cold wallets, these are external hardware wallets that you can store or take with you wherever you go.
- North America is the largest crypto wallet market, accounting for 29% of the revenue share
- Southeast Asia is currently one of the fastest-growing markets for cryptocurrency
- The top ten crypto wallets saw roughly 5.6 million downloads in January 2021
- MetaMask is downloaded the most in India and the United States
- The global blockchain market surpassed $10 billion in 2022
- As of November 2022, there are approximately 200k+ Bitcoin transactions every day
- In February 2021, there were over 68 million blockchain wallet users
- There are over 17,000 cryptocurrency ATMs in the U.S.
- The crypto market consists of over 420 million cryptocurrency owners
Crypto Wallet Statistics in 2024: A World View of the Market
When taking a look at the number surrounding cryptocurrency wallets, you have to consider more than the technology itself.
They’re a fundamental part of cryptocurrency trading, as it’s the primary way people keep their assets secure.
Any experienced investor would tell you it isn’t the best idea to store your crypto assets on exchanges.
They’re known to have issues with data breaches, and crypto wallets offer many more security measures.
If you’re looking for the most secure way to store your crypto, a hardware wallet is the way to go.
Nowadays, crypto wallets are a go-to solution for crypto asset security all over the world.
1. North America Leads the Way
At this time, North America is the leading force in regard to crypto wallet technology.
This part of the world accounts for 29% of the revenue share, in addition to a lot of the innovation in this space as well.
This isn’t to say that other parts of the world aren’t contributing, but North America has always been a dominant force in the crypto market.
In the same vein, areas like Southeast Asia are rapidly growing in the market and are on track to be a competitive force in regard to technology, influence, crypto services, and more.
On the world stage, the cryptocurrency market is massive, but many of the trends that ripple throughout the world stem from North America and Southeast Asia.
Not only is there a strong corporate presence involved, but many citizens from these parts of the world are heavily invested in cryptocurrency.
2. Dominating Forces in Crypto Wallet Tech
Many cryptocurrency wallets have their own applications for ease of access.
While digital wallets can be accessed on desktop and mobile devices, applications can make the experience a lot smoother.
Some of the most downloads for crypto wallet apps the industry has ever seen occurred back around January of 2021.
The top ten crypto wallets in the market at that time saw 5.6 million downloads in that month alone.
Around this timeframe, Bitcoin went through a price hike that grabbed the attention of the entire world.
This inevitably led to a lot of new investors looking for a reliable place to store their assets.
There used to be only a niche set of reliable crypto wallets on the market, but now there are too many to choose from.
Although this is true, there are still a handful of crypto wallets that are the most popular among the general population of investors.
3. Many Investors Prefer MetaMask
A cryptocurrency wallet that has been increasing in popularity over the years, MetaMask is a go-to solution for many investors in the market.
Not only did the company do a good job of marketing their services, but they’ve proven to be reliable in the long run.
This is something many traders value, considering looming security issues being a hot topic in the industry.
The list below contains the countries where MetaMask is downloaded the most:
- United States
It’s important to note that even though MetaMask is seeing increasing success, it isn’t the best choice for everyone.
Nevertheless, the crypto wallet will only become a more prominent force in the market as time goes on.
While there’s plenty of competition when it comes to crypto wallet tech, MetaMask has catered to the general population of crypto investors.
4. The Global Blockchain Market is Worth Billions
With the current state and popularity of cryptocurrency, it isn’t hard to imagine the global blockchain market being worth billions.
Looking at data for 2022, the value of the blockchain market surpassed $10.02 billion.
This may sound like a large number, but it’s growing far beyond that as we speak.
Another way you can look at it is by the number of crypto holders throughout the world.
People from all walks of life are showing interest in the market, which is only making it more valuable over time. At this point, it’s pretty obvious that crypto is here to stay.
This means technology like crypto wallets will have a long-standing influence in the market.
Even with substantial fluctuations in the crypto market, most people are in it for the long haul.
Short-term gains are definitely possible, but the long-term is what most people are interested in.
No matter which way you look at it, the blockchain market will be on the rise for the foreseeable future.
5. Crypto Ownership Throughout the World
What’s interesting is that even though regions like North America are considered leaders in the market, crypto ownership is much more prominent in other parts of the world.
It’s important to highlight that I’m basing this off of crypto ownership among the population in specific countries.
Take a look at the chart below for a reference to the percentage of populations that are invested in the cryptocurrency market.
This is merely a glimpse at some of the most active countries in the world.
With a full scope of the situation, you’d be surprised just how many countries are involved in the market.
There are many factors that play into why one country may be more active in the market than another.
Nevertheless, regardless of political, financial, or cultural differences, people all over the world see the potential value in buying and selling cryptocurrency.
Blockchain Tech Over the Years
Without blockchain technology, the crypto market wouldn’t exist, and the same goes for crypto wallets.
This technology is a leading catalyst in the many assets, tools, and services cryptocurrency investors use on a daily basis.
Q1 of 2021 was a healthy time for interest in the crypto market, partly due to the pandemic and fluctuating opportunities that were too good to ignore.
Blockchain technology has hit numerous milestones since it caught the attention of the world and continues to break new records as new investors enter the market every year
6. Blockchain Wallets Users by the Numbers
If you look at data over the span of several years, you can see where interest in blockchain wallet tech started to really take off.
Nowadays, there are tens of millions of crypto wallet users, but that’s only been the case since the cryptocurrency boom during 2017 and 2018.
The chart below offers a simple look at how blockchain wallet users increased from 2015 to 2021
Not only is crypto wallet technology a necessity, but it’s an evolving tech that’s gotten much better over time.
It’s easier than ever to create your own wallet to store your assets.
Aside from that, the numerous security measures are bound to keep them secure for years to come.
Storage and security is the main selling point of crypto wallets, but the technology comes with many useful integrations and capabilities.
Due to the simplicity of sending and receiving cryptocurrency, there are hundreds of thousands of transactions on a daily basis.
7. Crypto Wallets and Transactions
Part of why there are so many crypto transactions every day is because digital wallets have made the process safe and efficient.
Of course, crypto exchanges are a big part of this as well, but this doesn’t account for transactions between friends, family, clients, and other unique scenarios.
Based on data taken from Q4 of 2022, there were over 200,000 Bitcoin transactions every day at the time.
While transaction numbers are bound to fluctuate significantly, it’s clear that crypto wallets make it easy for everyday traders to send and receive cryptocurrency.
The efficiency of blockchain and crypto wallet tech has improved over the years, making it the go-to choice for many modern investors.
With digital wallets being so easily accessible via smartphones, this has also led to a rise in crypto ATMs in select regions throughout the world.
8. Withdraw from Your Digital Wallet With a Crypto ATM
It wasn’t too long ago that this would sound like an outlandish idea, but you can find crypto ATMs in various parts of the world.
The United States has the most crypto ATMs, boasting over 17,400 locations as of 2021.
This number is likely to be larger nowadays, as the demand for these ATMs is increasing.
Now that many businesses are starting to consider cryptocurrency as a form of payment, crypto ATMs are starting to make a lot more sense.
It’ll take a while before they begin to feel like a norm, but the use cases are stacking up as time goes on.
Here are a few other data points on ATM locations across the globe:
- Spain = 138 ATMs
- Austria = 157 ATMs
- U.K. = 200 ATMs
- Canada = 1,464 ATMs
Avid crypto investors are the target audience for these ATMs at the moment.
However, once there are more economic integrations for cryptocurrency, you’ll find more everyday people start to adopt it as a common payment method.
9. Millions of Crypto Investors
Thanks to the ease of access and safety measures surrounding crypto wallets, it has played a part in the hundreds of millions of investors that exist today.
While there are over 45 million investors in the United States, there are more than 420 million on the global stage.
You can definitely expect this number to rise significantly in the coming years.
Right now, we’re seeing a long, drawn-out process of the general population catching on to the basics of cryptocurrency.
Now that the concept and setup surrounding crypto wallets are easier to understand, more people are buying, selling, and storing cryptocurrency.
Even in the market’s most volatile moments, it continues to head in a positive direction thanks to the growing support and interest of the people.
10. Growth in Crypto Wallet Use
If you look back to 2016, the use of crypto wallets was much lower than what it is today.
This is pretty understandable, considering most people weren’t really interested in the topic at the time.
Once 2017 – 2018 came around and cryptocurrency started to take off, many people were scrambling, trying to learn how to safely store their assets.
The growth rate of existing crypto wallets in the market has expanded immensely since 2016, soaring 1,271.97% in seven years.
You can only imagine where the market will be in 10 or 20 years.
For another interesting angle, there were 5.78 million crypto wallets in 2016, and by August of 2022, there were 84.02 million.
Overall, no matter which statistic you look at, all of them make it apparent that the crypto market is growing quickly.
Eventually, many people will be utilizing their crypto wallet in everyday life situations.
Cryptocurrency Investor Demographics
You’ll find that the crypto market boasts an extremely diverse investor base, and this comes with a lot of unique data considering global interest.
While the stats behind demographics will constantly change, there are some common trends that can be found throughout the years.
In some ways, these stats have a direct bearing on how some companies market their services.
It also shows which groups are the most interested in the market and its surrounding technology and opportunities.
11. General Demographic Information on Owners in the U.S.
It’s no secret that cryptocurrency is only becoming more popular throughout the United States.
People from essentially every generation and walk of life in the country have caught wind of what cryptocurrency has to offer.
Among the population, there are several interesting statistics that highlight how different groups engage with the market.
- 63% of crypto owners are male
- 37% are female
- 71% of owners have a bachelor’s degree
- 72% of owners are aged under 34 years old
- The annual income for the average crypto owner is $25,000
On the world stage, these figures start to vary quite a bit.
Ownership is in the tens of millions across the world.
While the U.S. carries over 48 million owners, India is sitting over 93.5 million.
The crypto market is an opportunity for investors of all kinds to turn a profit.
It comes with a pretty low barrier to entry and learning curve, not to mention the ease of access through technology.
12. Where People Are Spending Cryptocurrency
From e-commerce to brick-and-mortar stores, many businesses throughout the world are happily accepting cryptocurrency as a form of payment.
This still hasn’t become a widespread norm, but the adoption rate is increasing with each passing year.
In the list below, you can get a look at some of the most prominent brands that are currently accepting cryptocurrency as payment
- Charles & Keith
- And many more
Ease of access through crypto wallets is fueling numerous industries, many of which are seeing increasing sales from cryptocurrency transactions.
In the near future, cryptocurrency payments will be like any other online digital payment.
While some industries are already reaping the rewards of adopting crypto, there are many others who are bound to be late to the game.
Here are a few standout statistics regarding cryptocurrency holders and various industries:
- In 2021, 25.1% of crypto holders used it to make purchases for online gambling and gaming
- Businesses who accepted crypto payments recorded an average ROI of 327%
- Shoppers who use cryptocurrency are bound to spend $250 more per transaction on average
- Based on data from 2021, 94% of all cryptocurrency owners were millennials and Gen Z
As the years pass by, we’ll start to see statistics expand on how different industries and shoppers are using cryptocurrency.
Of course, all of this is made possible thanks to digital wallets.
The biggest part that fuels the adoption of cryptocurrency as a form of payment is the ease of use that crypto wallets are known for.
13. Current and Future Market Segmentation
The scope of crypto wallets is more than just hot and cold wallets.
There are a lot of technological considerations for the future of crypto wallets, and a lot of this can be seen in data on market segmentation.
Here’s a good look at what a general view of the crypto wallet market will look like from now until 2030:
- Where are the applications?
- Peer-to-peer payments
- Primary operating systems
- Types of wallets
- Cold Wallets
- Hot Wallets
- Cold Wallets
- Primary end user
- Media and entertainment
- Retail and e-Commerce
Always remember that the scope of this data can change immensely over time.
These are estimates based on past and present data and opinions from many industry experts.
Even if this is far off from reality by 2030, there’s no doubt that the crypto industry will still be thriving.
Market segmentation is important to consider as this will help industry leaders navigate new tools, services, laws, regulations, and more.
It takes a lot of work to keep the crypto market moving forward, and using market segmentation data can ensure a bright future for the industry as a whole.
14. Overview of Crypto Market Report
The current state of the crypto wallet market is healthy.
A recent market report highlights where the crypto wallet stands and where it will end up by 2030.
The section above focused on various segments of the market, while this report is focused on more specific numbers and details on demographics.
|Forecast period||2023 – 2030|
|Market size for 2023||$10.27 billion|
|2030 revenue forecast||$48.27 billion|
|Market growth rate||CAGR of 24.8% between 2022 and 2030|
This is a general scope that people can expect moving forward, which gives plenty of promise to invest now.
Holding assets for a long time can be beneficial when it comes to cryptocurrency.
Looking at the market from now until 2030, there will be plenty of opportunity for your assets to increase in value.
15. Global Number of Crypto Owners
As mentioned earlier, there are currently over 420 million crypto owners across the globe.
This number continues to increase with each passing day, and when you look down the road, it’ll soon pass half a billion.
Considering the populations that are currently leading the way, they’ll be the primary catalyst in driving these numbers forward.
Most people have already accepted that cryptocurrency will eventually become a global norm, as it’s much more than an investment asset, partly thanks to the adoption of crypto wallets.
The Bottom Line
Whether it’s being held on an exchange of an external wallet source, there are numerous ways to keep your cryptocurrency safe.
Not only do wallets help keep your assets safe, but they can be used to make quick purchases, whether online or in person.
It’ll take years before the general population starts to utilize crypto wallets for everyday purchases.
However, the crypto wallet statistics in this article tell us that it won’t be long before cryptocurrency is what many people prefer to use to make payments.