Singapore’s cryptocurrency investors are becoming more careful about where they trade.
A new survey by MoneyHero and Coinbase
$4.56B
shows that most choose reliable exchanges instead of the cheapest ones.
The survey included 3,513 people, both investors and those curious about crypto. About 61% of finance-minded respondents said they own some form of cryptocurrency.
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When deciding which exchange to use, trust is the biggest factor. Investors are paying more attention to rules, safety, and long-term security rather than just low fees.
Many investors take a patient approach. Around 58% consider themselves long-term holders, and 42% have kept their crypto for more than two years.
Most keep crypto investments small, less than 10% of their total assets, and typically hold around three different tokens.
There is still potential for growth. Among those who do not yet own crypto, 27% said they plan to invest within the next year.
Views on what crypto represents are mixed. About 44% see it as an investment, while 29% see it mainly as a way to speculate on prices.
When it comes to learning about crypto, most people turn to social media as their main source of information. 62% said they rely on it to learn about the topic.
Confidence in understanding crypto is evenly split. 48% said they feel confident about their knowledge, while 52% are unsure.
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