Bitcoin Usage in The UK
Survey carried out during April & May 2015
Advertised via social media & on site
UK residents only
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About The Survey
Soft launch during Q4 2014 with focus only on Mining news
Staff writers added during 2015
10,000+ Unique Visitors Monthly
Top Level Demographics
Predominantly Male Demographic
Most Popular With 25-34 Age Group
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Who Uses Bitcoin In The UK?
Did Not Disclose
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Mostly Used For Savings Or Purchases
Buying From P2P Or Broker Sites The Most Popular Way Of
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How Do You Mostly Acquire Bitcoin?
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Buy On Exchanges
Buy From Broker Or P2P
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Which Exchange Do You Mostly Use To Purchase Bitcoin
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Which P2P Or Broker Site Do You Most Use To Purchase Bitcoin
Bitcoin Mostly Used For Purchases & Savings
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What do you mostly use Bitcoin for?
"Please tick any of the below that apply"
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Sending Cash To Friends/Family
UK Bitcoin Users Mostly Feel That Regulation Is
Legitimising Bitcoin was often used as a reason for
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"Regulation should encourage uptake and improve public perception "
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Notable Regulation Responses
"It clarifies some grey areas for businesses and indicates the government does
not currently consider it a threat to the banking system. There may be long-
term negative side effects but the short term implications look positive."
" Legislation and bringing Bitcoins under the ambit of AML laws legalises the use of these by
the Govt. thereby encourages local merchants to start accepting Bitcoin "
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Do you think the Government's outlined steps
are positive or negative for Bitcoin?
Question refers to: https://www.gov.uk/government/consultations/digital-currencies-call-for-information
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* Merchant adoption is lagging
* UK businesses seem reluctant to accept Bitcoin
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There are not enough places
to use Bitcoin within the UK
Business adoption in the UK
is falling behind other…
I am able to spend Bitcoin in
a local shop (bricks and…
UK businesses seem
reluctant to accept Bitcoin
"Please tick any of the below points that
you agree with"
% Of Responses