Photo by WorldSpectrum on Pixabay
Cryptocurrency adoption in Ireland has dropped slightly, according to the latest data from Finder.com. 10% of Irish internet users aged 18+ currently own cryptocurrency, down from 12% late last year.
Men are much more likely to own cryptocurrency. 72% of crypto holders are men and just 28% are women.
Bitcoin (35%) is the most popular coin among Irish crypto owners, followed by Dogecoin (26%) and Ethereum (23%).
Cryptocurrency specialist at Finder, James Edwards, says he’s surprised adoption didn’t decline further given the considerable drop in the crypto market.
“We saw huge drops in the price of Bitcoin at the start of May and June and while we did see a reduction in the number of people holding cryptocurrency it’s not as severe as expected.
“This suggests that while some people have sold, others are holding for the long term or may have actually bought cryptocurrency for the first time at what they consider to be a discount.”
Edwards warns new investors that investing in cryptocurrency isn’t for the faint-hearted.
“Cryptocurrency is a hugely volatile industry and you should never invest money you can’t afford to lose. You should also pay attention to the cost of trading to make sure any gains aren’t negated by fees you need to pay as you buy and sell.”
Finder analysed cryptocurrency exchanges taking into account a range of factors like fees, regulation, coins available and deposit methods to name Kraken the best global cryptocurrency exchange.
“Kraken had excellent scores for its comprehensive list of features, value for money and 24/7 customer service, making it a great platform for anyone interested in buying cryptocurrency”.
You can view the full Finder Awards methodology here: https://www.finder.com/ie/finder-crypto-trading-platform-awards-2022
Climb Channel Solutions Ireland, an international specialty technology distributor and wholly owned subsidiary of Climb…
The tech skills gap is ever worsening in Ireland, with even large firms struggling to compete with…
Guest post by Paul Turley, ServiceNow, Senior Director Ireland Enterprise Sales Artificial intelligence is reshaping…
By David Stephen If an organization [academic, nonprofit or industry] say they want to solve…
Qualcomm Technologies, Inc. a wholly owned subsidiary of Qualcomm Incorporated, has announced a €125m investment…
Chambers Ireland has announced a new partnership with Miconex, the founders of the trailblazing Town &…
Irish Tech News are Ireland’s No. 1 Online Tech Publication and often Ireland’s No.1 Tech Podcast too.
You can find hundreds of fantastic previous episodes and subscribe using whatever platform you like via our Anchor.fm page here: https://anchor.fm/irish-tech-news
If you’d like to be featured in an upcoming Podcast email us at Simon@IrishTechNews.ie now to discuss.
Irish Tech News have a range of services available to help promote your business. Why not drop us a line at Info@IrishTechNews.ie now to find out more about how we can help you reach our audience.
You can also find and follow us on Twitter, LinkedIn, Facebook, Instagram, TikTok and Snapchat.