Distribution of the total number of Bitcoin traders in the Netherlands as of 30 September 2017, by age group
Distribution of number of Bitcoin traders in the Netherlands 2017, by age group
In 2017, the majority of Bitcoin traders in the Netherlands were 34 years or younger. Bitcoin, cryptocurrency and initial coin offerings (ICOs) was in the news quite often in 2017. It is difficult, however, to get an insight in the full size of the Bitcoin market in individual countries as the digital currency focuses on privacy. In the first three quarters of 2017, there were around 44,000 transactions in Bitcoin from the Netherlands on trading platform BTC Direct, one of the few domestic platforms for this purpose in the country.

Curiosity and earnings drive investment motivations

As Bitcoin reached the news often in 2017, approximately 60 percent of the households in the Netherlands who invest in cryptocurrencies started doing so in that year. In 2018, almost 40 percent of respondents indicated in an open answer that their main motivation to start investing in digital currencies was to earn money. Other important drivers include curiosity about blockchain or to find an alternative for saving due to low interest rates.

Bitcoin not as popular as in the rest of Europe

The Netherlands is behind the European average regarding the ownership of Bitcoins or similar digital currencies. When asked why people were not owning these cryptocurrencies, the Dutch indicated they were either not interested or did not trust the concepts behind it.
Distribution of the total number of Bitcoin traders in the Netherlands as of 30 September 2017, by age group
Share of Bitcoin traders
18-24 years15%
25-34 years41%
35-44 years24%
45-54 years12%
55-64 years6%
65 years and older2%
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Source

Release date

November 2017

Region

Netherlands

Survey time period

1 January 2017 to 30 September 2017

Age group

18 years and older

Special properties

Dutch users of BTC Direct

Distribution of number of Bitcoin traders in the Netherlands 2017, by age group
In 2017, the majority of Bitcoin traders in the Netherlands were 34 years or younger. Bitcoin, cryptocurrency and initial coin offerings (ICOs) was in the news quite often in 2017. It is difficult, however, to get an insight in the full size of the Bitcoin market in individual countries as the digital currency focuses on privacy. In the first three quarters of 2017, there were around 44,000 transactions in Bitcoin from the Netherlands on trading platform BTC Direct, one of the few domestic platforms for this purpose in the country.

Curiosity and earnings drive investment motivations

As Bitcoin reached the news often in 2017, approximately 60 percent of the households in the Netherlands who invest in cryptocurrencies started doing so in that year. In 2018, almost 40 percent of respondents indicated in an open answer that their main motivation to start investing in digital currencies was to earn money. Other important drivers include curiosity about blockchain or to find an alternative for saving due to low interest rates.

Bitcoin not as popular as in the rest of Europe

The Netherlands is behind the European average regarding the ownership of Bitcoins or similar digital currencies. When asked why people were not owning these cryptocurrencies, the Dutch indicated they were either not interested or did not trust the concepts behind it.
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Statistics on "Alternative finance in the Netherlands"
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