8 Apr 2024|RESEARCH

Crypto.com Visa Card Consumer Spending Insights 2023

A full break-down of what our community across the globe likes to spend on in 2023.

Research Disclaimer

The Crypto.com Visa Card is one of the most popular crypto debit cards. Every year, the Crypto.com Research & Insights Team takes a deep dive into how our users spend their crypto, where they spend, and what they spend on.
The Crypto.com Visa Card spending index surged by 29% year-over-year.
- Information and communication spending grew the strongest, by 22%.
- Overseas spending came in second, spiking by 21%. This reflects increased post-pandemic consumer confidence as a rejuvenation of the markets.
- However, housing and household-related expenses significantly decreased, by 18%.

Grocery remains the main spending category, accounting for 62% of volume in 2023, much higher than 36% in 2022.

Online spending continually dominated the overall expenditure, with 55% of the share.

Amazon accounts for 19% market share in online spending, followed by Booking.com (16%).
In 2023, for out-of-home consumption, entertainment (concerts, arts, exhibitions, and sports events) surged the most, with around 21% growth, followed by dining (3%); fashion, however, declined by 10%.

Crypto.com Visa Cards have registered transactions in over 200 countries and regions around the world.
- Over 51% of travel spending was done in the EU.
- Booking.com was still the most popular online travel booking platform for Crypto.com Visa Card users.
The average proportion of e-commerce spending grew marginally from 53% in 2022 to 55% in 2023. The growth was more significant than the decrease (-8%) in online sales split from the global sales channels. This suggests that our cards remain attractive in online shopping.
- Amazon, AliExpress, and eBay were the most frequented e-commerce platforms, with 50%, 7%, and 7% market share, respectively.