Vietnam has the highest cryptocurrency adoption rate worldwide

February 4, 2022
Infographics

Vietnam has the highest cryptocurrency adoption rate worldwide with 28.6% of internet users owning some form of cryptocurrency. That’s according to Finder’s Cryptocurrency Adoption Index, which polled internet users in 27 countries in December 2021. India (23.4%) and Australia (22.9%) follow with the second and third highest cryptocurrency adoption rates. The average cryptocurrency adoption rate among internet users worldwide is 15.4%. In Vietnam, cryptocurrency owners are notably young. More than 70% of cryptocurrency owners in Vietnam are between 18 and 34 years old.

What is Bitcoin (BTC)?

Bitcoin is a revolutionary new payment network and a new form of electronic money. It’s a digital currency which enables secure and instant financial transactions at dramatically low costs between any two individuals anywhere on the globe. Bitcoin allows its users to transact directly, peer-to-peer, without an intermediary and can be used just like other currencies or assets in exchange for goods or services. Bitcoins are the unit of currency of the Bitcoin payment network. The most used abbreviations for Bitcoin are BTC or XBT.

Bitcoin is the very first cryptocurrency and was founded by an anonymous person or group of individuals, named Satoshi Nakamoto. To this day, Satoshi Nakamoto’s identity and nationality are still unknown. Bitcoin is decentralized. Unlike traditional currencies like the Euro or the US-Dollar, there is no government, institution or other central third party that oversees the issuance and circulation of Bitcoin. That means Bitcoin cannot be censored, manipulated or controlled by a single centralised institution or government. Also, if you store your Bitcoin in a digital, non-custodial wallet, no institution, government or third party is able to lock you out of your funds.

For more information about Bitcoin and other cryptocurrencies visit our Blockchain FAQ section.

How to I buy Bitcoin (BTC)?

You can buy Bitcoin (BTC) and other cryptocurrencies such as Cardano (ADA) or Ethereum (ETH) on so-called cryptocurrency exchange platforms, like Binance, Kraken or Coinbase.