People would use crypto for a mortgage if fees were lower
26% of the interviewees said they would use crypto for a mortgage if the fees were lower. However, 32% responded that they didn’t know whether they would use it for mortgage purposes.
75% of the interviewees said they would not be interested in banking with crypto, though 19% claimed they would be if a bank they trust supported it.
87% of the entire group reported that they owned crypto with 52% claiming they first purchased some more than a year ago.
Interestingly, 25% reported that the approximate GBP value of their crypto is less than £500, while 35% reported their value is more than £100,000.
31% keep their crypto in online wallets
When quizzed on what is most important when buying crypto, 31% responded saying the security of their crypto is most important. 25% claimed the most important aspect is the ability to use their credit card while 24% said they care most about low transaction fees.
Of those who don’t own any cryptocurrency, 33% replied saying they don’t care about it with a further 10% saying they don’t want to invest time into learning about it. Interestingly, only 7% of people responded saying it is too complicated to buy, use, and store it.
However, 28% did respond saying if they understood it more, they would be more encouraged to buy it.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.