Cryptocurrency Ownership and Usage Rates in India 2024

With 44.23% of Indians having owned or used cryptocurrency, there is a strong and growing base of active users, reflecting increasing interest in digital assets. This trend aligns with India’s rapid adoption of digital payments and fintech innovations, where tech-savvy investors and younger demographics are exploring crypto as an alternative asset class. The presence of regulated exchanges and government-imposed taxation on crypto transactions also indicates a level of mainstream recognition.

However, the fact that 53.72% of respondents have never engaged with cryptocurrency underscores that adoption remains limited and largely untapped. Key barriers such as lack of understanding, security concerns, and distrust in platforms continue to prevent wider participation. Many Indians remain cautious due to regulatory ambiguity, fear of fraud, and crypto’s perceived complexity. Addressing these concerns through financial education, improved security measures, and stronger regulatory clarity will be essential to expanding adoption.

Get more insights by checking out India’s cryptocurrency awareness, Indians’ interest in cryptocurrency, preferred cryptocurrency storage methods in India.