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Study Reveals Surprising Gender Differences in Crypto Trading

More woman are beginning to invest in cryptocurrencies than men according to a recent study. A report conducted by BTC markets covering Australian crypto investors is providing intriguing observations.

69% of crypto traders are aged between 25 – 44. Only 2% are above +65 years old. It is possible that the ‘new technology’ is more appealing to young investors. The age group also trades on average 4 times a day.

While 25 – 44 years old are actively trading as opposed to other age groups, +65 years old traders initial deposit is higher. The portfolio size and average investments are also bigger for +65.

The 25-44 age group average initial deposit is $2,014 and an average portfolio size of $1,871. The +65 age group average initial deposit is $4,539 and average portfolio of $5,084. The age group trades on average 6 times a day.

Young investors tend to hold their  cryptocurrencies  in what is referred to as self-custody. Their cryptocurrencies are withdrawn off the exchange to an address that they have full control of (such as cold storage).

70% are trading cryptocurrencies to build their wealth. Only 4% are investing in crypto to found their own business. 23% are only trading crypto, which is suggesting 67% are are already invested elsewhere such as stocks, real estate and fixed income.

Social Media Influencers Impact

There is a misconception that average crypto traders rely on social media influencers on their decisions. The study revealed that 57% go through the whitepaper, community and engagement of the projects.

Only 10% are basing their decisions on social influencers from Facebook, YouTube, TikTok etc. 8% will take advise from family or friends and only 2% will seek guidance form their broker or financial advisor.

The biggest challenge crypto investors (49%) see is the market  volatility  . The crypto markets have been extremely volatile recently. Another challenge is the amount of available cryptocurrencies and tokens.

The majority of traders are expect their cryptocurrency performance to be volatile (highs and lows). Only 1% expect fast growth.

Only 20% are Active in DeFi Platforms

Decentralized Finance (DeFi) projects are drawing investments and popularity in 2022 but how are they perceive by traders? 30% have never used DeFi platforms and 20% never heard of such platforms.

16% do not know which DeFi platform to use and 14% heard about DeFi but admitted they do understand it. Only 20% are using Defi platforms for trading, lending and borrowing.

Due to the vast amount of available tokens on different blockchain technologies (Ethereum, Solana and Cardano for example), crypto investors are struggling to decide which project to trust and choose. 14% are concerned with losing their invested capital.

Men Vs. Women in Crypto Trading

There has been a rapid growth of women investing in cryptocurrencies in 2020 – 2021 compared to men. A +172% growth of women that began trading cryptocurrencies compared to men (+79.5%).

The average initial deposit of women was $2,381 compared to 2,060 for men. The portfolio size for men was bigger than women, $3,049 vs $2,650.

The initial deposit for both men and women increased in 2021 when compared to 2020.

When it comes to number of trades per day, women are more conservative than men. On average women place 2 trades per day while men execute 5 positions per day.

According to Fidelity, women performed better than men in 2021 by 0.4% on average. The report also highlighted that more women are investing compared to earlier years.

More woman are beginning to invest in cryptocurrencies than men according to a recent study. A report conducted by BTC markets covering Australian crypto investors is providing intriguing observations.

69% of crypto traders are aged between 25 – 44. Only 2% are above +65 years old. It is possible that the ‘new technology’ is more appealing to young investors. The age group also trades on average 4 times a day.

While 25 – 44 years old are actively trading as opposed to other age groups, +65 years old traders initial deposit is higher. The portfolio size and average investments are also bigger for +65.

The 25-44 age group average initial deposit is $2,014 and an average portfolio size of $1,871. The +65 age group average initial deposit is $4,539 and average portfolio of $5,084. The age group trades on average 6 times a day.

Young investors tend to hold their  cryptocurrencies  in what is referred to as self-custody. Their cryptocurrencies are withdrawn off the exchange to an address that they have full control of (such as cold storage).

70% are trading cryptocurrencies to build their wealth. Only 4% are investing in crypto to found their own business. 23% are only trading crypto, which is suggesting 67% are are already invested elsewhere such as stocks, real estate and fixed income.

Social Media Influencers Impact

There is a misconception that average crypto traders rely on social media influencers on their decisions. The study revealed that 57% go through the whitepaper, community and engagement of the projects.

Only 10% are basing their decisions on social influencers from Facebook, YouTube, TikTok etc. 8% will take advise from family or friends and only 2% will seek guidance form their broker or financial advisor.

The biggest challenge crypto investors (49%) see is the market  volatility  . The crypto markets have been extremely volatile recently. Another challenge is the amount of available cryptocurrencies and tokens.

The majority of traders are expect their cryptocurrency performance to be volatile (highs and lows). Only 1% expect fast growth.

Only 20% are Active in DeFi Platforms

Decentralized Finance (DeFi) projects are drawing investments and popularity in 2022 but how are they perceive by traders? 30% have never used DeFi platforms and 20% never heard of such platforms.

16% do not know which DeFi platform to use and 14% heard about DeFi but admitted they do understand it. Only 20% are using Defi platforms for trading, lending and borrowing.

Due to the vast amount of available tokens on different blockchain technologies (Ethereum, Solana and Cardano for example), crypto investors are struggling to decide which project to trust and choose. 14% are concerned with losing their invested capital.

Men Vs. Women in Crypto Trading

There has been a rapid growth of women investing in cryptocurrencies in 2020 – 2021 compared to men. A +172% growth of women that began trading cryptocurrencies compared to men (+79.5%).

The average initial deposit of women was $2,381 compared to 2,060 for men. The portfolio size for men was bigger than women, $3,049 vs $2,650.

The initial deposit for both men and women increased in 2021 when compared to 2020.

When it comes to number of trades per day, women are more conservative than men. On average women place 2 trades per day while men execute 5 positions per day.

According to Fidelity, women performed better than men in 2021 by 0.4% on average. The report also highlighted that more women are investing compared to earlier years.


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