GoMining surveyed over 5,700 Bitcoin holders to understand how they spend their crypto holdings and what’s holding them back.
The findings reveal a striking paradox: nearly 80% of respondents support widespread crypto adoption, yet 55% rarely or never spend their holdings. They believe in Bitcoin as a payment method. They’re just waiting for the infrastructure to catch up.
That’s the picture from a new GoMining survey of over 5,700 users, where over 55% said they rarely or never spend crypto, yet the same respondents ranked privacy, rewards, and belief in crypto adoption as their top reasons to spend.
When asked what holds them back, users mainly pointed to infrastructure. Limited merchant acceptance came first, at 49.6%, followed by high fees (44.7%) and volatility (43.4%). Merchants largely don’t accept crypto yet, and nobody wants to manually convert to fiat every time they need to pay for something.
The survey also looked at why users would choose crypto over traditional money in the first place. Privacy and security came first, at 46.4%, followed by rewards and discounts, at 45.4%. This further goes to show that most people want to spend their crypto, but they don’t have the infrastructure to do so.
The survey also captured what users actually want from BTC payments. Lower fees led, at 62.6%, followed by incentives, rewards or cashback (55.2%) and wider merchant acceptance (51.4%). Nearly half of respondents said they expect to earn yield or rewards every time they pay.
“Users told us they want to spend crypto without friction and earn something back when they do,“ said Mark Zalan, CEO of GoMining. “That’s why we’re launching the GoMining Card now, with a physical version coming soon – and it ties into a broader suite of tools that we’re rolling out to meet the customer needs.“
Current spending habits already reflect where crypto works as a payment method. Digital goods topped the list, at 47%, followed by games (37.7%) and e-commerce (35.7%). In digital-first spaces built to accept crypto, users are already spending. The gap is everywhere else.
The survey also asked users what types of purchases they would consider using Bitcoin for in the future. Everyday purchases led, at 69.4%, followed by gaming and digital entertainment (47.3%) and high-value and luxury items (42.9%). Bitcoin, in users’ eyes, belongs in daily spending as much as anywhere else.
However, the data suggests a bigger shift in how users think about Bitcoin. They still say they hold for the long term, but their growing interest in mining, staked assets, and tokenized hashrate tells you they’d rather have Bitcoin that generates yield than Bitcoin that sits in a wallet. Nearly half of respondents said they expect to earn something back on every transaction, which suggests users now see payments as another opportunity to grow their holdings.
“We’re addressing this with a full product suite – a card that earns mining power on every purchase, yield on holdings, lending against Bitcoin,” Zalan said. “Everything in one app, simple to use, from a provider with years of spotless reputation.”
The respondents were globally distributed, with strong representation from the EU (45.7%) and North America (40.1%). The experience levels were evenly split, with roughly equal portions of newcomers (less than a year in crypto) and long-term holders (three years or more), which suggests these spending barriers and desires are consistent across the user base.
About GoMining
GoMining is an all-in-one Bitcoin ecosystem that makes it simple and secure to mine, earn, and use Bitcoin every day.
With more than 12 million terahashes of computing power across data centers in the U.S., Africa, and Central Asia, and over 5 million registered users worldwide, GoMining is redefining what it means to participate in the Bitcoin economy.
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