{"id":165649,"date":"2021-01-28T19:43:27","date_gmt":"2021-01-28T16:43:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-survey-finds-that-hodlers-still-dominate-crypto\/"},"modified":"2021-01-28T19:43:27","modified_gmt":"2021-01-28T16:43:27","slug":"binance-survey-finds-that-hodlers-still-dominate-crypto","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-survey-finds-that-hodlers-still-dominate-crypto\/","title":{"rendered":"# Binance survey finds that \u2018hodlers\u2019 still dominate crypto"},"content":{"rendered":"

“# Binance survey finds that \u2018hodlers\u2019 still dominate crypto <\/strong>”
\n<\/p>\n

The majority of cryptocurrency users reportedly prefer to hold their crypto as part of a long-term investment strategy, according to a new survey by Binance Research.<\/p>\n

Released on Thursday, the survey report shows<\/a> that as much as 55% of respondents own cryptocurrencies like Bitcoin (BTC) as a long-term investment.<\/p>\n

The \u201c2021 Global Crypto User Index\u201d report is based on a global survey that includes input from more than 61,000 crypto users across 178 countries and regions. The survey was conducted over a period from Sept. 15 to Oct. 25, 2020.<\/p>\n

According to Binance Research\u2019s findings, the majority of respondents were mainly motivated to own crypto due to the concept of \u201chodling,\u201d which means that most people are inclined to hold cryptocurrency rather than sell it. As much as 39% of respondents stated that their \u201cusage\u201d of crypto is dominated by hodling.<\/p>\n

The \u201chodlers\u201d category is followed by 28% of respondents who prefer to use most of their crypto for buying other cryptos. The next 22% of respondents said that they mainly use their crypto for staking and lending \u2014 practices that allow users to earn rewards for securing the network or locking up their coins. Binance Research mentioned that staking is becoming increasingly popular with the ongoing Ethereum 2.0 upgrade.<\/p>\n

Only 11% of respondents said that they mainly use their digital coins for payments, which once again demonstrates that the current level of crypto adoption is far from being associated with day-to-day payments in crypto.<\/p>\n

65% of respondents held Bitcoin (BTC), making it the most popular option in the survey.<\/p>\n