According to the results of the most recent Finder survey, 11.3 percent of the 2,003 South African internet users polled possess cryptocurrencies. According to reports, the cryptocurrency has a slightly higher ownership percentage than the United States (10.5 %) and Sweden (9.8% ).
Nonetheless, as the survey results reveal, South Africa’s newest cryptocurrency ownership percentage remains below the global average, rising from 11.2 percent in October to 15.5 percent in December 2021. South Africa is now ranked 21st out of 27 countries surveyed.
In terms of the popularity of various cryptocurrencies, the statistics reveal that Bitcoin is owned by 56 percent of cryptocurrency owners in South Africa. With this percentage of Bitcoin users, South Africa is ranked second out of 27 nations. Other cryptocurrencies, though, appear to be making progress, according to the data.
“The number of cryptocurrency owners surveyed claimed they owned Bitcoin between now and the prior study.” According to the Finder study, the number of people who stated they owned Bitcoin plummeted from 73.5 percent in October to 56 percent in December.
Altcoin popularity grows
Ethereum is the second most popular cryptocurrency, according to the poll, with a share of 31.5 percent. This ownership rate is 7.1 percent greater than the global average of 24.4 percent, making South Africa the eighth-largest country in terms of Ethereum ownership. Ripple is in third rank with 25.8% of polled users owning it, followed by Dogecoin and Solana in fourth and fifth place, respectively.
At the same time, the poll discovered that 62 percent of people who claimed to hold cryptocurrency were men, while 38 percent were women. This indicates that in South Africa, “men are almost 1.6 times more likely than women to own bitcoin,” according to the survey report.
In contrast, the survey discovered that 48.7% of South Africans aged 18 to 34 own cryptocurrency. This is 16 percentage points greater than the figure for South Africans aged 35 to 54.