Cryptocurrency in Belgium

Crypto Knowledge in Belgium Varies

In Belgium, people have different levels of knowledge about cryptocurrency. About 35.89% say they are familiar with it, while 41.92% admit they do not know much about it. Even though cryptocurrency has been in the news for years, many Belgians still do not feel comfortable with it or do not see a need to learn more. However, owning cryptocurrency is a different matter. Only 31.83% of people have ever used or owned digital currency, while a large majority have never had any.

Most Belgians Are Not Interested in Owning Crypto

For those who do not own cryptocurrency, most are not interested in changing that. More than half say they have no interest in cryptocurrency, and a large number are skeptical about it, worrying about risks and downsides. However, a sizable group is curious and wants to learn more, though they have not yet invested.

Cash Remains Popular, While Crypto Payments Are Rare

When it comes to how people pay for things, cash is still popular in Belgium. Most people say they prefer using cash whenever possible, even though digital payments are becoming more common worldwide. Some Belgians store their credit card details on their phones or on their computers. Sending money to friends through social media is still rare, with only a small percentage using platforms like Facebook or Snapchat for payments. More people use dedicated payment apps such as Venmo. Using cryptocurrency to make purchases is even less common, with only 8.99% saying they have done so.

Binance and Coinbase Lead Crypto Trading in Belgium

For those who do trade cryptocurrency, certain platforms are more popular than others. Binance is the most commonly used, and Coinbase is the second most popular, while Kraken and Crypto.com have smaller shares. Some people use Gemini and PayPal, but these platforms are less common.

Bitcoin is the Most Trusted Cryptocurrency in Belgium

Bitcoin remains the most used cryptocurrency in Belgium, while Ethereum, the second most popular, has a significantly lower adoption rate. This big difference suggests that Bitcoin remains the most recognized and trusted cryptocurrency, while other digital currencies are still struggling to gain mainstream acceptance. In the future, things may change as technology evolves and people become more familiar with new financial options.