60% of Women Face Discrimination in Crypto Spaces
More women are now entering the crypto space, and even with challenges like bias and limited knowledge, 84% said their crypto investments have grown.
Many women still experience problems and claim that they are often ignored in serious money discussions or garner unwanted attention simply because they are women. These issues make the crypto world feel a little unwelcoming, but still, more women nowadays choose to invest in crypto, and this is mainly to gain financial independence.
This study highlights key insights about women in crypto and aims to guide startups, media, and other groups in making the space more welcoming and attracting more female participants.
Key Findings
- 60% of women experience discrimination or feel uncomfortable in the crypto-related space
- 52% of women strongly agree that crypto investments can help them achieve financial independence
- 22.9% of women hesitate due to insufficient understanding and experience
- 60% of men believe the growing presence of women in crypto won’t impact the market
- 84% of women reported an increase in their cryptocurrency investments
1. Many Women Face Discrimination in the Crypto Industry
60% of women have experienced discrimination or felt uncomfortable in crypto-related spaces. They are mostly not taken seriously whenever they discuss crypto investments. Women also get unwanted attention simply because they are recognized as women in such spaces. This creates an unwelcoming environment for them.
Moreover, 21.7% of women also reported feeling that they were being underestimated. They felt that their knowledge and suggestions never mattered. These experiences show that gender bias is still common among crypto people.
2. Financial Freedom Is the Top Reason Women Join Crypto
Many women see crypto as a way to take control of their finances. Precisely, 52% are in agreement with the statement that investing in cryptocurrency will make them financially independent.
Of those asked why they invest in crypto or would invest in crypto, 40% replied that they invest for their own financial independence.
Another portion of women, 28%, are interested in crypto investment due to the high return possibilities. There is also a smaller portion, roughly 20%, that invests in trading or to learn about the cryptocurrency market. Such reasons indicate that women are motivated by personal interest as well as by their financial goals.
3. Women Are Increasing Their Investments in Crypto Assets
More women are now investing more of their money in crypto. About 84% of women reported that they have increased their cryptocurrency investments. This shows strong growth in their interest and trust in the market.
Among the different crypto assets, Bitcoin is the most popular choice among female investors, and around 76% of women prefer to invest in Bitcoin (BTC).
NFTs are the second most common choice, with 16% of women investing in them. Meme coins are less popular, with only 8% of women choosing them due to the high risk. This data shows that most women prefer more stable and well-known assets like Bitcoin.
4. Lack of Knowledge Is a Major Barrier for New Women Investors
Even though more women are investing in crypto, many still hesitate to start. One of the biggest reasons is a lack of knowledge and experience. About 22.9% of women said they do not invest because they don’t understand how the crypto market works.
There are other concerns as well. For example, 20.8% of women feel that crypto is too risky, and another 16.7% are afraid of scams. These worries show that many women want to invest, but they need more information and support to feel confident. Education and trustworthy guidance could help close this gap.
5. Men and Women See Women’s Role in Crypto Differently
Men and women have different views on how the increasing number of women in crypto will affect the market. While 56% of women believe their growing involvement will bring changes, 60% of men think it will not have any impact.
There are also different views about which investment trends will grow. Around 45.8% of women believe long-term holding, also called HODLing, will become more popular. In comparison, only 20% of men think the same.
On the other hand, 28% of men expect that community-focused investment strategies will grow, while only 16.7% of women agree. These numbers show that men and women often focus on different goals when it comes to investing.
Insights into Women’s Involvement and Experiences in Crypto
Experience Level
48% of women are just intermediates, meaning they have only basic knowledge about digital assets and less than a year of experience in the crypto space. 32% are beginners without any prior investment experience. Meanwhile, 20% of women are advanced investors who have traded in crypto for over a year.
Age Group
Around 40% of women aged between 25-34 are actively investing in crypto. This makes this age group the most engaged ones in the digital asset market. There are also some younger investors, particularly those aged around 18-24, who are also showing strong interest, with 32% of them having started investing in cryptocurrency.
As age increases, the participation rate decreases. Women aged 35-44 account for 24% of the total female crypto investors, and only 4% of women aged 45-54 are involved in the market.
Investment Scenario
Half of the women respondents, specifically 52.1%, are actively investing in cryptocurrency, and 34% are not currently investing but have shown some interest.
Influences on Investment
48% of women are influenced by friends, family, or colleagues to start trading or investing in cryptocurrency. Plus, 28% are influenced by social media platforms like Facebook, Twitter, and YouTube. 16% of women, however, started their crypto journey based on their own analysis and research.
Mentorship for Inclusivity
About 40% said that getting help and guidance from experienced women would be the best way to make the crypto world more inclusive. Around 20.8% believe there should be more women working in the crypto industry.
Another 22.9% feel that the community needs to be less toxic and biased. Also, 7.5% think that showing more stories of successful women in crypto would help make the space more friendly and encouraging.
Leadership in Community Roles
Both women and men agree that women can outperform men in areas like event planning, design, and community management. However, this belief is stronger among women, with 58.3% saying so, while only 50% of men share the same view.
Differences in Investment Behaviors Between Women and Men
- Women invest more of their earnings in crypto compared to men: 52% of men are ready to spend as much as 10% of their earnings on cryptocurrency. Compared to that, 64% of women are keen to invest between 11% to 25% of their earnings.
- Women do more research before investing: 52% of males undertake moderate research before investing in crypto. Women typically spend more time reading before making a decision. Both males and females have approximately the same sense of risk tolerance, with most labeling their strategy as “somewhat conservative”.
- Women prefer long-term investing, men prefer medium-term trading: 40% of women opt for HODLing, where they invest their crypto for more than one year. Meanwhile, 48% of male investors prefer swing trading, which is a medium-term strategy.
- Women are more patient during market volatility: In periods of high market fluctuation, 64% of males opt to sell their assets immediately. In contrast, 52% of females prefer to hold their portfolios in the hope that the market will rebound.
Methodology and Future Improvements
This study was done through an online survey. The goal was to understand women’s investment habits, reasons for investing, challenges they face, and their role in the crypto market.
- Sample size: 200 people took part in the survey.
- Who participated: The survey included both women and men. This helped compare how each group invests and how they see the growing number of women in crypto.
In the future, we will increase the number of survey participants, include a more balanced mix of age groups, backgrounds, and locations, and conduct follow-up interviews to gain deeper insights.
Conclusion
Women not only care about their cryptocurrency investments but can also bring fresh ideas and different ways of thinking that can shape the future of the crypto market. However, there are certain barriers, such as a lack of knowledge, limited experience, bias, and community toxicity, that still make it hard for many women to fully take part.
Through our findings, we can better understand these issues and work on solving them. This can help attract more women to the crypto space, create more diversity, and, of course, build a stronger and more inclusive crypto community.
