35% of Australians are familiar with cryptocurrency.
28.76% have owned or used cryptocurrency.
Lack of understanding is the biggest barrier to crypto adoption.
Binance leads the crypto exchange market in Australia.
Bitcoin is the most used cryptocurrency by Australians.
For many Australians, cryptocurrency remains a curiosity rather than a commitment. While over 35% say they’re familiar with digital currencies like Bitcoin and Ethereum, a slightly larger portion admit they aren’t familiar at all. This uncertainty translates into actual ownership as well, with only 28.76% having ever owned or used cryptocurrency, while a solid 66% have never ventured into the space. Even among those who are aware, engagement remains selective, reinforcing the idea that familiarity alone isn’t enough to drive adoption.
The interest, however, is there—though not necessarily in ownership. Many Australians are more inclined to learn than to buy, with a significant portion expressing curiosity about cryptocurrency despite not owning any. But skepticism plays a role too, as concerns over risks and downsides are just as prevalent as outright disinterest. This hesitation isn’t without reason; when asked about the biggest barriers to adoption, a lack of understanding was the dominant response, cited by over half of respondents. Security concerns followed closely behind.
For those who have dipped their toes into the market, Binance emerges as the most commonly used exchange. Coinbase, Crypto.com, and eToro see far lower usage. And when it comes to which cryptocurrencies Australians engage with, Bitcoin is the clear leader, with 34% having used it—significantly outpacing Ethereum, Dogecoin, and Tron.
*Disclaimer: The information provided by TGM StatBox is intended for general informational purposes only. TGM StatBox does not assume liability for the completeness or accuracy of the information provided. Due to frequent updates, statistics may be more current than mentioned in the text. Please independently verify the information and consult experts as needed.
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