A mid-2019 survey of over 800 crypto traders from 75 countries reveals key insights into their trading behaviors and preferences. The findings indicate that 94% of traders do not store all assets on exchanges, with impulse trading being the most popular strategy used by 58% of respondents. Bitcoin remains the preferred asset for trading (64.50%), followed by altcoins (56.90%), while a significant majority (86%) express disinterest in participating in ICOs/IEOs.

1. C R Y P T O
T R A D E R S
S T U D Y 2 0 1 9
D E C . 2 0 1 9
B L A C K C H A I N .
G U R U

2. To provide a better understanding of trader's & user's taste and preferences, a survey
was conducted in mid-2019 on more than 800 crypto traders including Chinese.
Traders from 75 different countries participated in the survey.
This report is based on the data collected by BDCENTER DIGITAL and concludes the
interpretation of information obtained.
In this report, we will only focus on some key points related to general activity,
trading strategies of traders and most preferred crypto assets.
O V E R V I E W
B L A C K C H A I N .
G U R U

3. 30% of the respondents
trade only from a browser
version of the exchange.
23% use both web browser
and smartphone.
Almost half of the
respondents are trading in
an amount making up to
30% of the sum deposited.
It was found out that the
recent upsurge in exchange
hacks and other security issues
related to exchanges have
motivated traders to take
safety measures, such as
avoiding storing their assets on
exchanges. 94% of the
respondents do not store all
their assets on the exchange.
The data gathered from this
survey also implies that there
is a need for automatic
trading client services like
forex. As only 8% use trading
bots and process automation
techniques. 58% prefer to use
the impulse trading strategy.
B L A C K C H A I N .
G U R U
H I G H L I G H T S
traders visit
cryptocurrency
exchanges
every day
use trading
bots and
process
automation
techniques
64%
traders do not
store all their
assets on the
exchange
94%
8%

4. 64% of traders visit cryptocurrency
exchanges every day.
D A I L Y A C T I V I T I E S O F
T R A D E R S
85.25% of the respondents were found out to be very
much interested in the daily ongoing activities in the
market. While only 14.75% were least interested or less
exposed, and reported that they visit only once in a
week, or sometimes dont.
64.13% 21.12% 12.58%
visits everyday visits atleast
three times a
week
atleast once a
week

5. Crypto traders find the instability in the markets lucrative and the instability
motivates them to visit crypto exchanges daily. Popular trading strategies
combined with unstable price in the crypto assets make them more interested.
It was found out that 17% of traders selling their cryptocurrency for getting one-
time profit also fall under different categories such as Bounty hunters,
participants in ICOs, IEOs and miners.
B L A C K C H A I N .
G U R U
D A I L Y
A C T I V I T I E S
0% 10% 20% 30% 40% 50%
#1
#2
#3
#4
34.32% traders use cryptocurrency exchanges for: buying cryptocurrencies and
assets to build an asset portfolio
17.08% traders use cryptocurrency exchanges for: selling cryptocurrencies and
tokens to generate one-time income
42.55% traders use cryptocurrency exchanges for: regular trading to generate
steady income
6.06% traders use cryptocurrency exchanges for: storing cryptocurrency
1.
2.
3.
4.
34% of crypto traders are holders, while only 6% consider a crypto
exchange as an asset storage tool.

6. It was very interesting to find out that 86% of the traders were not interested in
participating in ICOs/IEOs. Their choice was to profit from the daily volatility in the
market or they were more focused on building an asset portfolio.
As expected, the most popular asset for trading came out to be Bitcoin - 64.50%.
Second popular was Altcoins standing at 56.90% and Fiat being the least popular
implies that traders are more crypto-to-crypto centric.
B L A C K C H A I N .
G U R U
P O P U L A R
A S S E T SBitcoinStablecoins
Exchange
coins
Altcoins
IC
O
/STO
/IEO
Fiat
75%
50%
25%
0%
Bitcoin: 64.50%
Stablecoins: 20.16%
Cryptocurrency
exchange coins:
24.34%
Altcoins: 56.90%
Coins purchased
during ICO/STO/IEO:
14.11%
Fiat: 9.92%
Most popular assets for
trading :

7. 0% 5% 10% 15% 20% 25%
Daily
Scalping
Roll Back
Moving Average
Arbitrage
Automated Trading
When the rate of crypto asset/s goes down
When the rate of crypto asset/s goes up.
According to the data collected through the survey, the most popular strategy
used for trading is Impulse Trading.
Impulse trading means, a trader enters a trade only when either one of the
conditions is satisfied :
The next three popular strategies are Day Trading, News Trading and Scalping
B L A C K C H A I N .
G U R U
T R A D I N G
S T R A T E G I E S
50.4%
No
49.6%
No
78.5%
21.6%
Impulse
Trading
Trading the
news
50.39%
21.55%

8. A R O U N D 4 7 % O F T H E
R E S P O N D E N T S U S E B E T W E E N
1 0 - 5 0 % O F T H E I R D E P O S I T F O R
T R A D I N G
A R O U N D 3 0 % U S E W E B
B R O W S E R S I N L A P T O P / D E S K T O P
F O R T R A D I N G
6 3 . 1 0 % O F T R A D E R S U S E S O C I A L
M E D I A A N D M E S S E N G E R S A S
' N E W S S O U R C E S ' F O R T R A D I N G
0% 25% 50% 75% 100%
Telegram
Twitter
Facebook
B L A C K C H A I N .
G U R U
O T H E R D A T A
Almost half of the respondents
are trading in an amount
making up to 30% of the sum
deposited. While only 17.57%
use the entire deposit.
29.46% use web browsers in
laptop/desktop, while 23.10%
of the respondents agreed that
they use web browsers in both
desktop/laptop and
smartphones. This implies that
more than 50% of traders use
web browsers to enter trades.
The least popular device to
trade from is a tablet.
63% of traders follow the news
about cryptocurrencies on
social media and in
messengers. The most popular
social platform is Telegram
with over 80% of the
respondents using it.
T o p 3 p o p u l a r s o c i a l m e d i a a n d m e s s e n g e r s a m o n g c r y p t o t r a d e r s :