Singapore Traders Choose Safety First in Crypto Market Shake-Up

A new survey by MoneyHero and Coinbase

$1.68B

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.

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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