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Cryptocurrency wallets make the secure storage and management of cryptocurrency portfolios possible. According to the findings of a survey conducted in 2022, approximately a third of Hungary’s online population used crypto wallets. Moreover, ** percent of them did so multiple times a day, and another ** percent of the respondents used cryptocurrency wallets once a day.

Cryptocurrency applications

The popularity of cryptocurrencies has been rising all over the world, however, only ** percent of Hungarians found it a reliable form of investment in 2021. Similarly to stocks, cryptocurrencies can be traded using various exchange platforms and applications. The results of a 2021 survey revealed that ** percent of Hungarians between the ages of 18 to 29 years old used crypto apps, while among Hungarians aged 30 to 59 years old, this figure reached only *** percent.

The future of cryptocurrencies

As of 2022, there were over ** thousand different cryptocurrencies worldwide which represented a significant increase compared to the number of digital coins recorded in 2013. Therefore, it comes as no surprise that many people think crypto is the future of finance. Moreover, a smaller percentage of Hungarians believed that in 20 years’ time, crypto would be the official currency in their country, according to a survey realized in 2022.