Key Barriers to Cryptocurrency Adoption in Nigeria 2024

Key Barriers to Cryptocurrency Adoption in Nigeria 2024

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TGM StatBox. (2025). Key Barriers to Cryptocurrency Adoption in Nigeria 2024. TGM StatBox.
Chart Details
Country: Nigeria
Type of survey: CAWI
Number of respondents: 494
Age group: 18-55+
Published date: 2025
Survey Question:

"What do you perceive as the biggest barrier to adopting cryptocurrency?"

Key Takeaways

The most significant barrier to cryptocurrency adoption in Nigeria is lack of understanding, with a notable 65.64% of respondents identifying it as the top challenge. While there may be widespread awareness of cryptocurrencies, a deeper understanding of how they work, their benefits, and risks remains a major hurdle. Security concerns also stand out as a major issue, highlighting the need for more secure platforms and better protection against fraud and hacking.

For a broader perspective, check out other statistics on most popular cryptocurrency exchanges in nigeria, cryptocurrency awareness in Nigeria, cryptocurrency adoption in Nigeria.

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Cryptocurrency Insights Report in Nigeria

Cryptocurrency Insights Report in Nigeria

Cryptocurrency Insights Report in Nigeria

Discover all you need to know about Cryptocurrency owners in Nigeria with TGM StatBox. Get the comprehensive insights report, featuring graphs and tables.

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