Binance downloads at the end of 2023 were significantly higher than most crypto wallets in Mexico, such as Sweat or Trust. This is according to an estimate using roughly 190 different apps that offer a crypto wallet function from across the world. Wallets are but one type of app that interact with decentralized digital assets, although it can be difficult to separate the different applications from each other. Crypto wallets are often used for crypto storage, and less so for payments. Payment aggregators such as BitPay allow for such a feat, converting crypto payments on a seller's website to fiat currency before sending the latter to the merchant. Not all payment aggregators offer apps, however.
Biggest wallets for cryptocurrency storage in Mexico from 1st quarter of 2015 to 4th quarter of 2023, by number of downloads
This statistic is the result of research into over 190 different apps used for BNPL across the world. For more information, see the "Details" tab; The 15 apps on display here made up 96.6 percent of all downloads in Q4 2023
Supplementary notes
* Some of the apps under review are not necessarily a "pure" wallet: The Binance app, for example, doubles as a crypto exchanges as well as a wallet.
The names provided are based off multiple publications covering cryptocurrency apps, and focus on apps with a wallet function. If an app does not feature in the statistic, it is because download figures were too small. Note, however, that the selection of players is not exhaustive as it cryptocurrency is not tracked centrally and results may differ depending on one's definition.
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Statista, & AppMagic. (March 18, 2023). Biggest wallets for cryptocurrency storage in Mexico from 1st quarter of 2015 to 4th quarter of 2023, by number of downloads [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1367119/most-popular-crypto-wallets-in-mexico/
Statista, und AppMagic. "Biggest wallets for cryptocurrency storage in Mexico from 1st quarter of 2015 to 4th quarter of 2023, by number of downloads." Chart. March 18, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1367119/most-popular-crypto-wallets-in-mexico/
Statista, AppMagic. (2023). Biggest wallets for cryptocurrency storage in Mexico from 1st quarter of 2015 to 4th quarter of 2023, by number of downloads. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1367119/most-popular-crypto-wallets-in-mexico/
Statista, and AppMagic. "Biggest Wallets for Cryptocurrency Storage in Mexico from 1st Quarter of 2015 to 4th Quarter of 2023, by Number of Downloads." Statista, Statista Inc., 18 Mar 2023, https://www.statista.com/statistics/1367119/most-popular-crypto-wallets-in-mexico/
Statista & AppMagic, Biggest wallets for cryptocurrency storage in Mexico from 1st quarter of 2015 to 4th quarter of 2023, by number of downloads Statista, https://www.statista.com/statistics/1367119/most-popular-crypto-wallets-in-mexico/ (last visited November 22, 2024)
Biggest wallets for cryptocurrency storage in Mexico from 1st quarter of 2015 to 4th quarter of 2023, by number of downloads [Graph], Statista, & AppMagic, March 18, 2023. [Online]. Available: https://www.statista.com/statistics/1367119/most-popular-crypto-wallets-in-mexico/
