72% OF RUSSIANS SAY THEY HAVE NEVER BOUGHT BITCOIN: SURVEY

Last updated: June 20, 2025, 00:03 | Written by: Meltem Demirors

The allure of cryptocurrency, particularly Bitcoin, has captivated the global imagination.But beneath the headlines of surging prices and revolutionary technology lies a more nuanced reality.While some countries have embraced digital assets with open arms, others remain hesitant.A recent survey conducted in Russia sheds light on this disparity, revealing a surprisingly low adoption rate despite the ongoing global buzz surrounding crypto.The data paints a picture of a nation where knowledge gaps and skepticism are hindering widespread participation in the crypto market.But how can we understand the 72% of Russians who are not crypto investors, and the other 28% who are?What fuels this reluctance, and what are the implications for the future of cryptocurrency in Russia? As many as 72% of the 2,100 respondents in the survey claimed that they have never bought cryptocurrencies like Bitcoin (BTC), which leaves Russian crypto investors in a significant minority. At the same time, just 9% survey participants indicated that they were negative toward cryptocurrencies while 45% of respondents said they had a positiveIs it a matter of awareness, trust, regulatory uncertainty, or a combination of all these factors?This article will delve into the findings of the survey, exploring the reasons behind Russia's cautious approach to crypto and considering the potential for future growth in this emerging market. 72% of Russians say they have never bought Bitcoin: Survey Coin SurgesWe will analyze the insights, discuss the barriers to entry, and examine the factors that may ultimately shape the future of digital currencies in Russia.

Low Crypto Adoption Rate in Russia: Survey Highlights

A survey conducted by Switzerland-based cryptocurrency wallet provider Tangem in July has revealed that cryptocurrency adoption in Russia is not as widespread as one might expect. Cryptocurrency adoption in Russia has not been moving too fast as an overwhelming majority of Russians have apparently not ever bought crypto, according to a new survey. Switzerland-based cryptocurrency wallet provider Tangem has conducted a poll to learn more about cryptocurrency investors in Russia, local news agency Kommersant reported on Thursday. As many as 72% [ ]Out of 2,100 respondents, a significant 72% stated that they had never purchased cryptocurrencies like Bitcoin (BTC).This stark figure indicates that crypto investors remain a minority in the country, challenging the perception of Russia as a hotbed for digital asset adoption. 2.8K subscribers in the cryptopricesalerts community. Our trackers will post any relevant info about cryptos. Wanna see more? See you onThis also points to a substantial gap between the global narrative of crypto's increasing popularity and the actual reality on the ground in Russia.

72% of Russians have never bought crypto: This is the key takeaway from the Tangem survey.
Survey Size: The survey polled 2,100 respondents, providing a reasonable sample size for analysis.
Conducted by: The survey was conducted by Tangem, a reputable cryptocurrency wallet provider.

Understanding the Reasons Behind Hesitation

Why are so many Russians hesitant to invest in cryptocurrency?The survey data suggests that a lack of awareness and knowledge play a significant role.Several factors likely contribute to this reluctance:

Limited Crypto Education: The survey suggests that a limited understanding of cryptocurrency is a major deterrent. 72% of Russians say they've never bought Bitcoin: Survey . news and more. Buy, Sell and Swap bitcoin, ethereum and 350 cryptocurrencies on BitSwapNow. No sign up required.Many people simply aren't familiar with the technology or its potential benefits.
Skepticism and Mistrust: The volatility of the crypto market and stories of scams can understandably make potential investors wary. 72% of Russians say they have never bought Bitcoin: SurveySource: CointelegraphPublished onA lack of trust in the stability and security of digital assets may prevent many from entering the market.
Regulatory Uncertainty: The legal status of cryptocurrencies in Russia has been somewhat ambiguous.Uncertainty surrounding regulations may make individuals hesitant to invest, fearing potential legal repercussions or changes in the regulatory landscape.
Lack of Practical Use Cases: For those unfamiliar with the technology, the practical benefits of owning cryptocurrency might not be immediately apparent. 72% of Russians say they have never bought Bitcoin: SurveyWithout clear and compelling use cases, many may not see the value in investing.

Bridging the Knowledge Gap

One of the critical steps towards increasing crypto adoption in Russia is addressing the knowledge deficit.This can be achieved through various initiatives:

Educational Programs: Implementing comprehensive educational programs, both online and offline, can help demystify cryptocurrency and explain its potential benefits.
Simplified Explanations: Presenting information in a clear and accessible manner, avoiding technical jargon, can make crypto more approachable for beginners.
Highlighting Real-World Use Cases: Showcasing practical examples of how cryptocurrency can be used for payments, investments, and other purposes can demonstrate its value.

Positive Sentiment Amidst Low Adoption

Despite the low adoption rate, the survey also revealed a significant degree of positive sentiment towards cryptocurrencies.According to the survey, 45% of respondents expressed a positive view of crypto, while only 9% held a negative opinion. Cryptocurrency adoption in Russia has not been transferring too quick as an awesome majority of Russians have apparently noever purchased crypto, based on aThis suggests that while many Russians may not have invested in crypto yet, they are open to the idea and potentially interested in learning more.This positive sentiment is encouraging and highlights the potential for future growth in the Russian crypto market.

Exploring the Landscape of Russian Crypto Investors

While 72% of Russians haven't bought cryptocurrency, the remaining 28% offer valuable insights into the motivations and habits of crypto investors in the country. The results reported by a Russian media reveal a rather timid adoption of crypto and a knowledge deficit on the subject. In fact, 72% of respondents claim to have never bought cryptocurrencies. Of the 28% of crypto investors in the country, only 23% said they buy crypto at least every month.Further research into this demographic could reveal crucial information about:

Investment Strategies: Understanding how Russian crypto investors approach the market, including their preferred cryptocurrencies and investment timelines.
Use Cases: Identifying the primary reasons why Russians are using cryptocurrency, whether it's for speculation, investment, payments, or other purposes.
Demographics: Analyzing the age, income, and other demographic characteristics of Russian crypto investors to better understand their profile.

What are the Active Investors Doing?

The survey indicated that among the 28% of crypto investors in Russia, only 23% purchase crypto at least once a month.This suggests that even among those who have entered the crypto market, regular trading activity may not be widespread.A more in-depth analysis of this group is necessary to understand their level of engagement and commitment to cryptocurrency.

As one expert suggested, ""Someone should create a survey for those 28% of Russians who bought bitcoin and ask them what they used bitcoin for, I reckon. Switzerland-based cryptocurrency wallet provider Tangem in July conducted an online poll to learn more about cryptocurrency investors in Russia. As many as 72% of the 2,100 respondents claimed that they have never bought cryptocurrencies like Bitcoin (BTC), which leaves Russian crypto investors in a significant minority.Would it be for speculation, gambling, buying something in the darknet, money laundering, day trading altcoins or buying regular items."" This type of research could provide valuable insights into the actual applications and perceived value of cryptocurrency among Russian investors.

The Role of Regulation in Shaping Crypto Adoption

The regulatory environment plays a crucial role in shaping the adoption of cryptocurrency in any country. 72% of Russians say they have never bought Bitcoin: Survey Cryptocurrency adoption in Russia has not been moving too fast as an overwhelming majority of Russians have apparently not ever bought crypto, according to a newIn Russia, the regulatory landscape has been evolving, with the government exploring various approaches to managing digital assets. 72% of Russians say they have never bought Bitcoin: Survey 72% of Russians say they have never bought Bitcoin: Survey. AugClear and consistent regulations can provide a framework for responsible innovation and attract more investors to the market.However, overly restrictive regulations can stifle growth and push activity underground.

For example, if the Russian government adopts comprehensive regulations that recognize and legitimize the use of cryptocurrency for specific purposes, this could significantly boost confidence and encourage broader adoption. Cryptocurrency adoption in Russia has not been moving too fast as an overwhelming majority of Russians have apparently not ever bought crypto, according to a new survey. Switzerland-based cryptocurrency wallet provider Tangem has conducted a poll to learn more about cryptocurrency investors in Russia, local news agency Kommersant reported on Thursday. As many as 72% 72% of Russians sayConversely, if the government imposes strict limitations or bans on certain crypto activities, it could further discourage investment and slow down adoption.

Navigating Regulatory Uncertainty

Until the regulatory landscape becomes clearer, potential investors in Russia may remain hesitant.The lack of clear guidelines can create uncertainty and increase the perceived risk of investing in cryptocurrency.To address this challenge, the government can:

Provide Clear Legal Definitions: Defining the legal status of cryptocurrencies and establishing clear rules for their use.
Establish Licensing Frameworks: Creating licensing frameworks for crypto businesses to operate legally and transparently.
Implement Investor Protection Measures: Enacting measures to protect investors from fraud and scams in the crypto market.

Russia's Potential in the Crypto Space

Despite the current low adoption rate, Russia has the potential to become a significant player in the global crypto market. Russia s low crypto adoption rate comes in line with a low level of awareness and crypto education.The country has a large population, a strong technological infrastructure, and a growing interest in digital innovation.By addressing the knowledge gap, clarifying regulations, and fostering a supportive environment for crypto businesses, Russia can unlock its full potential in the crypto space.

For example, Russia's access to energy resources could make it an attractive location for Bitcoin mining operations. BTCUSD Bitcoin 72% of Russians say they have never bought Bitcoin: Survey A new survey hints at a lack of crypto awareness in Russia as only 6% of respondents were found to have good knowledge ofIf the government establishes favorable policies for mining, it could attract investment and create jobs in this sector.Furthermore, the country's large IT talent pool could contribute to the development of innovative crypto-related technologies and applications.

Overcoming Barriers to Entry

To encourage wider adoption of cryptocurrency in Russia, it is essential to address the various barriers that currently prevent many people from entering the market. As many as 72% of the 2,100 respondents claimed that they have never bought cryptocurrencies like Bitcoin, which leaves Russian crypto investors in a significant minority.These barriers include:

Technical Complexity: The technical aspects of cryptocurrency can be daunting for beginners. Switzerland-based cryptocurrency wallet provider Tangem in July conducted an online poll to learn more about cryptocurrency investors in Russia. As many as 72% of the 2,100 respondents claimed that they have never bought cryptocurrencies like Bitcoin, which leaves Russian crypto investors in a significant minority.Simplifying the user experience and providing user-friendly tools can make it easier for people to buy, sell, and manage their digital assets.
Security Concerns: Concerns about the security of crypto wallets and exchanges can deter potential investors. 72% of Russians say they have never bought Bitcoin: Survey; 72% of Russians say they have never bought Bitcoin: Survey Aug .Implementing robust security measures and educating users about best practices can help build trust and confidence.
Accessibility Issues: Access to cryptocurrency exchanges and wallets may be limited in some parts of Russia. Someone should create a survey for those 28% of Russians who bought bitcoin and ask them what they used bitcoin for, I reckon. Would it be for speculation, gambling, buying something in the darknet, moneylaundering, day trading altcoins or buying regular items.Expanding access to these services can make it easier for people to participate in the market.

Making Crypto More Accessible

Making cryptocurrency more accessible requires a multi-faceted approach that involves technological innovation, user education, and regulatory support.For example:

Developing User-Friendly Wallets: Creating simple and intuitive crypto wallets that are easy to use, even for beginners.
Offering Educational Resources: Providing accessible and comprehensive educational resources that explain the basics of cryptocurrency and how to use it safely.
Supporting Crypto Startups: Encouraging the development of innovative crypto businesses that can provide new products and services to the market.

The Future of Crypto in Russia: Key Considerations

The future of cryptocurrency in Russia hinges on several key factors:

Regulatory Clarity: The government's approach to regulating cryptocurrency will be a major determinant of its future adoption.Clear and consistent regulations can provide a framework for growth and attract investment.
Education and Awareness: Raising awareness and educating the public about the benefits and risks of cryptocurrency is essential for increasing adoption.
Technological Innovation: Continued innovation in crypto-related technologies will make it easier and safer for people to use digital assets.
Global Trends: The global trends in cryptocurrency adoption will also influence the development of the Russian market.

Conclusion: A Cautious but Promising Outlook

The survey revealing that 72% of Russians have never bought Bitcoin or other cryptocurrencies highlights a significant gap between the global hype surrounding digital assets and the reality on the ground in Russia. Posted by u/Cointelegraph_news - 1 vote and 1 commentWhile the adoption rate remains low, the survey also indicates a positive sentiment towards crypto among a significant portion of the population.This suggests that there is potential for future growth in the Russian crypto market, provided that certain challenges are addressed.These challenges include bridging the knowledge gap, clarifying regulations, and making crypto more accessible and secure. Related: 72% of Russians say they have never bought Bitcoin: Survey. Since Russia s invasion of Ukraine in February, the government, businesses, and certain individuals within the country haveBy addressing these issues, Russia can unlock its full potential in the crypto space and become a more active participant in the global digital economy. As many as 72% of the 2,100 respondents in the survey claimed that they have never bought cryptocurrencies like Bitcoin, which leaves Russian crypto investors in a significant minority. At the same time, just 9% survey participants indicated that they were negative toward cryptocurrencies while 45% of respondents said they had a positiveThe future of crypto in Russia is uncertain, but with the right policies and initiatives, it could become a significant player in the years to come.

Key Takeaways:

Low Adoption: 72% of Russians have never bought cryptocurrency.
Knowledge Gap: Lack of awareness is a major barrier to adoption.
Positive Sentiment: 45% of respondents have a positive view of crypto.
Regulatory Importance: Clear regulations are crucial for future growth.

Are you interested in learning more about cryptocurrency?Start by researching reputable sources and consulting with financial professionals to make informed decisions about your investments.