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Do Girls Invest in Crypto?

Do Girls Invest in Crypto?

India is ranked second in terms of cryptocurrency adoption, with the majority of crypto investors being young. Women, on the other hand, make up a minor part of this rising population. According to Mint, while there was an increase in female crypto investors at the start of 2021, the trend appears to have slowed gradually.

On a national and global scale, there are fewer investors.

According to CoinDCX, an Indian crypto exchange, only 15% of present investors are women. The bulk of female crypto investors is from metro cities such as Delhi, Bengaluru, Hyderabad, Pune, and Lucknow.

According to data from other crypto exchanges, women make up a small percentage of investors. Unocoin and Coinswitch Kuber also stated that women account for only 15% of their investors. According to Bitbns and CrossTower (both started three months ago), barely 10% of women investors are on their platforms as of December 2021.

On a worldwide scale, the tendency is similar. Women make up a modest share of all cryptocurrency investors.

According to a 2021 survey of over 2,000 Australians conducted by the Independent Reserve’s Cryptocurrency Index (IRCI), the number of women who currently or have previously invested in cryptocurrencies has increased but remains less than one-fourth of all — the number has increased from 10.3 per cent in 2020 to 20% in 2021. According to research done by CNBC and Acorn, an investing platform, the number of female crypto investors in the United States is significantly lower than the number of male investors.

Risk-aware Nature

Several studies on investment behaviour have discovered that women take longer to research their options and are more risk-averse or risk-aware than men. Age is also a factor. Young women investors in India, for example, have higher risk appetites than older investors, according to a survey conducted by digital platform Grow among 28,000 women. Those aged 18–25 are three times more likely to choose a high-risk, high-return asset class like stocks over traditional investment options like fixed deposits.

Priya Ratnam, a 34-year-old Bengaluru-based woman cryptocurrency investor and CEO of Avisa Games Guild, a gaming firm, believes there are few female role models for crypto investors, “which dampens enthusiasm.”

While men dominate bitcoin investing, according to Ratnam, the risks are the same for men and women alike. There is a lot of instability and security risk with cryptocurrency. There are several withdrawal and deposit delays, and operational concerns, which can trouble investors, she says.

Cryptocurrencies are a new asset class that requires a great deal of knowledge before one can make an informed selection. Furthermore, until the government draughts a crypto regulation bill, there has been growing worried among Indian crypto investors. Investing a large amount of time in crypto research can be challenging for women as they have a lot of family responsibilities as well, she says. It’s been a roller-coaster trip for Ratnam, she says. Be sure to buckle up for a smooth ride. Women plan and manage things strategically.

Elena Nair, a Certified Financial Education Instructor based in the United States, writes on femmemoney.com that women trade less frequently than men (in all investment options). “Remembering that you’re in it for the long haul is crucial, and women are better in the trade because they do it less frequently,” she adds.

Research, Safety Come First

Investing fundamentals are consistent across asset classes and genders. Before investing in anything, do your homework. Investing in crypto assets demands an exhaustive understanding of blockchain technology and related tokens. Both men and women who are interested in Web 3.0 may choose to explore crypto assets as part of their overall investment strategy. Do complete research before investing.

While there are no explicit incentives for women to invest in cryptocurrencies, some crypto exchanges have undertaken campaigns to educate female investors about the new digital world. “Through our investor education activities, we will continue to induct more women into the financial ecosystem and aid them in making informed decisions,” says Sharan Nair, Coinswitch Kuber’s chief business officer.

by ichhori.com Reference: ichhori.com

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iChhori represents all those females who do NOT believe in stereotypes. iChhori is the voice of the women of substance who are out there in the world dominated by men, to create their own path, their own journey and their own destination.

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iChhori - Breaking Stereotypes

iChhori - Breaking Stereotypes

About iChhori represents all those females who do NOT believe in stereotypes.

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