Cryptocurrency in the United States

Crypto Awareness Growing in the U.S.

Cryptocurrency is becoming an increasingly popular topic in the U.S., with a significant portion of the population familiar with it. Around 33% of people in the U.S. say they know about digital currencies like Bitcoin and Ethereum, while a smaller group is somewhat aware of them. However, it’s clear that a large number are still unfamiliar with this trend. When we look deeper into actual use, the numbers begin to shift. Only 26% of U.S. adults have ever owned or used cryptocurrency, leaving the majority without personal experience.

Interest in Cryptocurrency Varies, With Some Skepticism and Curiosity

As interest in cryptocurrency continues to grow, attitudes towards it vary significantly. While 19% express an interest in learning more without owning any, the larger share shows little to no interest. Interestingly, some people are skeptical or concerned about the risks associated with cryptocurrency. There’s a mix of curiosity about its potential and caution regarding the dangers it may pose.

Cash Dominates Payment Methods

About 35% of people prefer to pay with cash whenever possible. However, the trend is shifting toward digital payments, with a larger group regularly using apps like Venmo to send money to friends. People are also storing credit card information on their phones. Despite the increasing use of mobile and digital payment methods, cryptocurrency remains a rare option for most, with only 7% having used it for purchases.

Coinbase Leads U.S. Crypto Platforms

Looking at the platforms people use to manage their cryptocurrencies, Coinbase stands out as the most popular exchange. Binance follows, but its user base is much smaller. Other platforms like Kraken and Robinhood also have a presence, though they are less commonly used.

Bitcoin Dominates U.S. Crypto Use

In terms of the specific cryptocurrencies people are using, Bitcoin is the clear leader, with 27% of respondents having used it, while Ethereum is a distant second at just 3%.