Satoshi Nakamoto, the creator of Bitcoin, introduced the first crypto wallet in 2009. Since then, the cryptocurrency landscape and wallets have evolved dramatically.

With cutting-edge innovations, wallets now offer enhanced security, greater accessibility, and versatile features that contribute significantly to the growth of the digital asset space. Modern wallets provide access to Web3 applications, implement advanced security measures, and offer new features tailored to the needs of investors and crypto enthusiasts. 

To better understand this evolution, we’ve gathered the latest data on crypto wallets, showcasing their growth, innovation, and role in shaping the ever-expanding world of digital assets.

Major Crypto Wallet Statistics Overview 

  1. In May 2024, users downloaded 19,297,596 crypto wallets, marking a 64.8% increase compared to the previous year. 
  2. Starting in 2024, the crypto wallet market is projected to grow at a compound annual growth rate (CAGR) of 31.7%, reaching a value of $43.66 billion by 2028. 
  3. As of 2024, the number of active crypto wallet addresses has surpassed 400 million and is steadily increasing.

Cryptocurrency Wallet Download Figure

Data from 21 major crypto wallet providers shows that, as of May 2024, 19,297,596 crypto wallets were downloaded, reflecting a 64.8% year-over-year increase. 

The peak number of wallet downloads occurred in May 2021, reaching 39,385,136. In 2024, the highest number of downloads was recorded in March, with 23,759,781 wallets downloaded.

This trend suggests a significant recovery in crypto adoption in 2024, though still not matching the 2021 peak, potentially indicating renewed interest but with more moderate growth.

Crypto Wallet Market Size 

In 2019, the crypto wallet market was valued at $6.75 billion. 

By 2023, it had grown to $10.93 billion. Experts project the market will expand at a compound annual growth rate (CAGR) of 31.7% from 2023 to 2024, reaching an estimated value of $14.39 billion. 

Again, from 2024, the market value is estimated to reach $43.66 billion by 2028, reflecting a 31.7% CAGR. 

Hot & Cold Crypto Wallet Statistics 

Hot wallets, connected to the internet, offer easier access for users, while cold wallets provide offline storage, keeping crypto keys more secure by staying disconnected from the internet. 

Reports indicate that hot wallets hold the largest market share, accounting for an estimated 68.6% of all crypto wallets. This dominance suggests that users prioritize convenience and accessibility over cold wallets’ heightened security.

Crypto Wallet Market Regional Analysis 

North America currently dominates the crypto wallet market, holding a 38.91% share. 

Meanwhile, the Asia-Pacific region, particularly Southeast Asia, is the fastest-growing market and is projected to account for 26.12% of the global wallet market.

Active Crypto Wallet Addresses

As of 2024, active crypto wallet addresses have exceeded 400 million and continue to rise.

Number Of Crypto Wallet Users 

In 2022, the number of crypto wallet users grew to 84.02 million, up from 76.32 million in 2021.

Blockchain Wallet User Count 

A blockchain wallet is built to handle assets and applications within a specific blockchain network. 

In February 2021, there were approximately 68.42 million blockchain wallet users, up from 66.22 million in January 2021. Though more recent data isn’t available, the steady increase suggests a growing adoption of blockchain technology. 

Month – Year 

Blockchain wallet users (in Millions) 

March 2015

3.16

July  2016

8.02

July 2017

15.2

July 2018

26.82

July 2019

40.91

July 2020

52.03

Jan 2021

66.22

Feb 2021

68.42

 

Daily Active User Of Selected Cryptocurrency Wallet Apps 

In 2021, Coinbase led the market with the highest daily active users (DAU), reaching about 639,885. In comparison, Blockchain Wallets held the second position with a significantly lower DAU figure of 62,498.

Cryptocurrency Wallet Apps 

Daily Active User 

Coinbase 

639,885

Blockchain Wallet 

62,498

Coinbase Pro 

32,571

Coinbase Wallet 

30,653

Crypto.com

25,264

Binance 

24,933

Trust 

23,384

Binance.US

19,577

Voyager 

15,157

Bitcoin Wallet (Android Only ) 

13,669

Number of Multichain Crypto wallets 

As of 2024, 36 multichain web3 wallets have been created. Some of the names are mentioned below – 

  • Zengo 
  • Rabby Wallet 
  • Portal 
  • OKX Wallet 
  • Coinbase Wallet 
  • Soul Wallet 
  • Zeroin 
  • Bitget Wallet 
  • AnCrypto 

Bitcoin Wallet Statistics 

Reports show that on October 8, 2024, approximately 565,238 transactions were processed on the Bitcoin network. As of October 9, 2024, the total number of Bitcoin transactions has surpassed 2 billion.

FAQs 

Q1.How many characters are there in a crypto wallet address? 

The character limit of a crypto wallet address varies by blockchain. Bitcoin addresses typically range from 26 to 35 characters and begin with either “1”, “3”, or “bc1”. In contrast, Ethereum addresses are always 42 characters long and start with “0x”. 

Q2.Can NFTs be stored in the crypto wallet? 

Yes, you can store NFTs in crypto wallets that support them. The wallet should be compatible with the blockchain NFT is on. If NFTs are valuable, consider using a hardware wallet for better security.