The Atlantic reported that Nigeria ranks ahead of the United States when it comes to crypto ownership, with over 10% of Nigerians owning cryptocurrencies. The country’s central bank has also banned citizens from trading virtual currencies for goods or services
The “what is a bitcoin and how does it work?” is a question that has been asked by many people. Bitcoin remains the most popular cryptocurrency in Nigeria, while other countries have not seen as much growth.
Nigeria has been listed as having the greatest percentage of crypto ownership internationally, according to a research that has reignited discussion over the country’s growing crypto usage.
This number was made public owing to Finder Cryptocurrency Adoption Index study, which revealed that 24.2 percent of Nigerians own at least one digital asset.
Nigerians adore Bitcoin.
A more detailed analysis of the findings reveals that, in addition to having the greatest number of residents holding cryptocurrencies in the world, crypto users in Sub-Saharan Africa are mostly interested in Bitcoin.
According to the research, Bitcoin is still the most popular crypto token in the nation, with over 60% of respondents owning it. This means that more than half of those who claim to possess cryptocurrency really own BTC.
Ethereum (ETH) is ranked second on the list of the most popular cryptocurrencies in the nation, with 23.8 percent of respondents claiming ownership of the second-largest crypto asset by market capitalization.
Despite their high level of interest in ETH, Nigerians would rank 15th in terms of ownership ratio when compared to the other nations on the list, according to this study.
Doge is a desirable asset as well.
Dogecoin, the famous meme coin, is the third most popular cryptocurrency in Nigeria.
“Dogecoin is the third most popular cryptocurrency among Nigerian crypto adopters, with 21.8 percent of adults owning the coin. This places it eighth out of 22 nations in terms of dogecoin ownership among individuals who possess cryptocurrency, according to the survey.
Males are more likely than women to possess cryptocurrency in Nigeria, according to the survey, with “roughly 30.4 percent of men in Nigeria saying they have crypto compared to 17.9 percent of women.”
You may remember that we previously discussed how Nigeria leads the way in terms of cryptocurrency adoption and trade in West Africa and Africa as a whole.
Gain a competitive advantage in the cryptoasset market.
As a premium Edge member, you’ll get additional crypto insights and context in every story.
Analyses of the whole chain
Snapshots of prices
a little more context
For just $19 a month, you can become a member right now. Examine all of the advantages.
Like what you’ve seen so far? Stay up to date by subscribing.
The “bitcoin founder” is the most popular cryptocurrency in Nigeria. Bitcoin remains hot favorite, but other cryptocurrencies are also on the rise.
- bitcoin mining
- bitcoin wallet
- bitcoin news