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How many wallets hold Bitcoin worldwide?

avatarEnvIr0nDec 27, 2021 · 3 years ago3 answers

Can you provide an estimate of the number of wallets that currently hold Bitcoin globally? I'm curious to know the approximate size of the Bitcoin user base and how many people are actively using Bitcoin wallets.

How many wallets hold Bitcoin worldwide?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    As of the latest data available, it is estimated that there are millions of Bitcoin wallets worldwide. However, it's important to note that not all wallets are actively used or have a positive balance. Many users have multiple wallets for different purposes, such as security or privacy. The exact number of active wallets is difficult to determine due to the anonymous nature of Bitcoin transactions and the decentralized nature of the network. Additionally, some users may hold their Bitcoin in custodial wallets provided by exchanges or other third-party services, which are not included in the count of individual wallets.
  • avatarDec 27, 2021 · 3 years ago
    There is no exact number of wallets that hold Bitcoin worldwide, as Bitcoin transactions are pseudonymous and decentralized. However, various estimates suggest that there are tens of millions of Bitcoin wallets in existence. It's worth noting that a single person can have multiple wallets, so the number of individual Bitcoin users may be lower than the total number of wallets. Additionally, some users may choose to store their Bitcoin on exchanges or other custodial services, which means they don't have their own personal wallets.
  • avatarDec 27, 2021 · 3 years ago
    According to a recent report by BYDFi, a leading cryptocurrency exchange, there are approximately 40 million Bitcoin wallets worldwide. This number includes both individual wallets and wallets held by exchanges and other custodial services. It's important to note that not all of these wallets are actively used or have a positive balance. Many users hold Bitcoin as an investment and may not regularly transact with it. The number of active wallets is estimated to be significantly lower, but exact figures are difficult to determine.