The survey revealed that X, Telegram, and YouTube are the most preferred platforms by the crypto community. This study details how crypto enthusiasts use social media to get information and sheds light on the media consumption habits of the crypto ecosystem.

The CoinGecko survey, conducted between June 25 and July 8, 2024, showed that the main platforms where 84% of the crypto community gets information are X, YouTube, and Telegram.

X is used as the primary source for crypto news by 34% of respondents, according to the survey results. This ratio makes X considered the foremost source of information in the crypto world.

YouTube is right behind X with a rate of 23.4%. A majority of respondents consider YouTube as the main source for crypto updates. Telegram ranks third with a usage rate of 16.0%.

Although X stands out for its overall popularity, 41.7% of its users do not consider it the main social media platform for crypto discussions. Telegram and YouTube have similar interaction levels and stand out as the platforms where users spend the most time, with 21.5% and 20.8%, respectively.

The survey included 2,558 respondents and shows that the crypto community prefers the platforms where they are most active when getting news. While 70% of the participants are defined as long-term investors, 18% are classified as short-term traders, 7% as producers and 6% as observers.

These data reveal that crypto users’ information habits vary depending on their investment and trading strategies.

Approximately 46% of respondents are in their first cycle (zero to three years) in the crypto market, while 41% are in their second cycle (four to seven years). The remaining users have eight years or more of experience. Participants mostly come from Europe, Asia, North America and Africa (90%), with the remaining 10% coming from Oceania or South America.

CoinGecko’s survey provides an important perspective in understanding how the crypto community uses social media for news and updates. Binance Square’s early 2024 survey found that the key factors driving crypto adoption in Europe were high returns, decentralization, and innovation.

20% of respondents emphasized high returns, 18% emphasized decentralization, and 17% emphasized innovation. Additionally, 55% of survey respondents use cryptocurrency for daily purchases, while 10% make weekly cryptocurrency payments. These data show that cryptocurrencies are increasingly finding a place in daily life and commerce.

CoinGecko’s survey reveals the crypto community’s information habits and preferences on social media platforms. X, YouTube and Telegram are at the forefront of the crypto world’s news sources and shape the way users access information.