8lends survey finds confidence gaps still curb crypto use in Europe

A new 8lends survey released on May 24, 2026 reveals that more than one‑third of European investors avoid crypto because they fear mistakes or lack confidence in safely handling digital assets [1]. While 48% of respondents already own some cryptocurrency, only 6% use it weekly for everyday transactions, underscoring a stark gap between interest and routine use.

The study paints a nuanced picture: 70% of participants say they are open to using crypto for payments and transfers, yet trust, usability and perceived risk remain major barriers. Security incidents—high‑profile exchange failures, hacks and phishing attacks—continue to shape public perception, reinforcing the view that crypto is risky for mainstream users. Around 35% cite poor understanding and low confidence as the primary obstacle, and 32% point to the complexity of crypto services [2].

Stablecoins enjoy the strongest traction, with 41% of respondents holding them and adoption reaching 85% among those who have previously used crypto. Nevertheless, the majority still treat digital assets as investment vehicles (55%) or savings tools (25%), rather than everyday payment methods. The survey identifies stronger consumer protection as the top improvement needed, with 38% calling for clearer safeguards against fraud, greater transparency and more reliable support systems [3].

8lends CFO Alexander Lang argues that the hurdle is not technology but accountability, noting the platform’s fully on‑chain lending infrastructure that makes transactions publicly verifiable in real time. The company claims its smart contracts are audited by CertiK and Cyberscope and overseen by the Swiss self‑regulatory body PolyReg, positioning transparency as a competitive edge [1].

If the crypto sector can close the confidence gap—by bolstering consumer protection, simplifying user interfaces and delivering clearer accountability—adoption could shift from speculative investment to routine financial activity. The next phase of growth will hinge less on new protocols and more on building the trust infrastructure that everyday users demand.