Share the statistic on social media channels or embed the statistic in your website using "Embed Code", where available.
Share chart
Embed chart Embed copied!Cite this statistic and select one of the following formats: APA, Chicago, Harvard, MLA & Bluebook
"Which cryptocurrency exchange have you used? - Coin"
Key Takeaways
Bitcoin stands out as the most traded cryptocurrency in South Africa, with 30.92% of respondents reporting usage. This is not surprising, as Bitcoin is the first and most widely recognized cryptocurrency globally. Its dominant position in the South African market aligns with global trends, where Bitcoin is often seen as the gateway cryptocurrency for new users and a store of value for those looking to hedge against economic uncertainty.
Ethereum follows with 4.42%, reflecting its status as a leading platform for decentralized applications and smart contracts. While not as widely traded as Bitcoin, Ethereum has a strong and dedicated user base, especially among those interested in the broader blockchain ecosystem. The relatively smaller percentage of traders might reflect Ethereum's more complex use case, which often requires more in-depth understanding compared to Bitcoin's simpler function as a digital asset.
For additional information, visit statistics on Preferred methods for storing cryptocurrency in South Africa, cryptocurrency awareness in South Africa, Top payment methods in South Africa.
Cryptocurrency Insights Report in South Africa
Discover all you need to know about Cryptocurrency owners in South Africa with TGM StatBox. Get the comprehensive insights report, featuring graphs and tables.
Go to report
Connect with our expert team for immediate assistance or comprehensive market analysis. We are always ready to support your business needs.
