Survey time period: November 2011 to November 17, 2022
The number of wallets on Blockchain.com, something that makes purchasing Bitcoin possible, reached over million wallet users in 2022. User figures for multiple cryptocurrency apps worldwide grew significantly in 2021, as is revealed when comparing download figures from the Coinbase, Blockchain Wallet, Crypto.com, BRD, Trust, Luno, Binance, Bitcoin Wallet, Bitcoin Wallet by Bitcoin.com, and Coinbase Wallet apps.
How many people own Bitcoin?
Exact user figures for Bitcoin are not available, but it is estimated that the global user base of all cryptocurrencies increased by nearly percent between 2018 and 2020. The increase in demographics might have been caused by both a rise in the number of accounts as well as improvements in identification. More accounts in exchanges or wallets became systematically linked to an individual’s identity, which made it easier to estimate the minimum user numbers associated with accounts on each service provider.
Bitcoin wallets vary per country
The figures provided cover Blockchain.com - a wallet available across several countries worldwide. However, the preferred app in each country varies significantly per individual region or country. Take, for instance, the United States: Coinbase reached a number of daily active users (DAU) in the United States that was over times that of Blockchain Wallet. This was different from Nigeria, where Coinbase had little DAU compared to an app called Luno - which already was the biggest cryptocurrency app in the African country before 2021.